• Silver Rate in Kolkata

    Daily Silver Rates
    Date Silver (1 gram) Bar Silver (1 Kg)
    26 May 2018 ₹ 43.6 ₹ 43,600
    25 May 2018 ₹ 43.8 ₹ 43,800
    24 May 2018 ₹ 43.3 ₹ 43,300
    23 May 2018 ₹ 43.5 ₹ 43,500
    22 May 2018 ₹ 43.2 ₹ 43,200
    21 May 2018 ₹ 43.1 ₹ 43,100
    20 May 2018 ₹ 43.1 ₹ 43,100
    18 May 2018 ₹ 43 ₹ 43,000
    17 May 2018 ₹ 43.2 ₹ 43,200
    16 May 2018 ₹ 43 ₹ 43,000

    *Disclaimer: Bankbazaar makes no guarantee or warranty on the accuracy of the data provided on this site, the prevailing rates are susceptible to change with Market value and provided on an as-is basis. Nothing contained herein is intended or shall be deemed to be investment advice, implied or otherwise. We accept no liability for any loss arising from the use of the data contained on this website.

    Silver Price in Kolkata

    Kolkata is the third largest metropolitan city in India and over 14 million people call it home. The erstwhile British capital of India is a hub of marketing and industries, accounting for a major chunk of investments made in the country. The city is deeply rooted in tradition and has a glorious, unparalleled history. Silver has held high value among Indians and has found multiple uses, making it one of the most versatile precious metals. Silver has been used since the early ages as a tool for payment, enhancing trade between India and the rest of the world and Kolkata was right at the center of this trade.

    Current silver rates depend on market conditions and vary according to demand and supply. Residents of Kolkata are one of the largest consumers of silver and fluctuating rates have not deterred them from purchasing this precious metal.

    Trend of Silver Rate in Kolkata for April 2018 (rates per kg)

    Parameters Silver price (per kg)
    April 1 Rate Rs.41,400 per kg
    April 30 Rate Rs.42,300 per kg
    Highest Rate in April Rs.43,800 per kg on 20 and 22 April
    Lowest Rate in April Rs.41,000 per kg on 5 April
    Overall Monthly Performance Incline
    Percentage Change 2.17%

    Trend of Silver Rate in Kolkata for March 2018 (rates per kg)

    Parameters

    Silver price (per kg)

    March 1 Rate

    Rs.41,100 per kg

    March 31 Rate

    Rs.41,400 per kg

    Highest Rate in March

    Rs.41,900 per kg on 7 March

    Lowest Rate in March

    Rs.41,000 per kg on 19 and 21 March

    Overall Monthly Performance

    Incline

    Percentage Change

    0.72%

    March 2018 – Week 1 (1 – 4):

    • The week began in Kolkata with silver trading at Rs.41,100 per kg on the 1st with steady industrial offtake in the domestic level.
    • Poor dollar performances compounded by the unevenly performing equity markets led to silver rates rising significantly during the week.
    • Prices rose to Rs.41,400 per kg the next day after the bullion market capitalised on the weakened greenback and stock markets.
    • An incline in demand local industrial units and coin makers amid the strong global cues led to silver rates surging further to Rs.41,600 per kg on the 3rd.
    • The week came to an end with the industrial metal prices holding firm at Rs.41,600 per kg on the 4th with domestic markets tracking a firm trend overseas.

    March 2018 – Week 2 (5 – 11):

    • Trading commenced for the second week silver priced at Rs.41,700 per kg on the 5th amid firm trends from the previous week.
    • Strong market uncertainties coupled with varying demand led to silver prices fluctuating throughout the week.
    • Silver price in Kolkata plunged to Rs.41,400 per kg on the 6th as the US dollar index gained against a basket of other major emerging currencies in the world market.
    • However, an increase in industrial offtake for the metal despite the poor trend overseas led to silver rates rebounding to Rs.41,900 per kg on the 7th. This was also the highest recorded monthly figure in Kolkata.
    • With the US dollar regaining lost ground against other apex currencies, silver rates in Kolkata plunged to Rs.41,500 per kg on the 8th.
    • Prices dropped further to Rs.41,300 per kg the next day before silver rate in Kolkata stabilised at Rs.41,600 per kg on the 10th following an increase in purchases made by industries and coin makers.
    • The week came to an end with the white metal prices holding at Rs.41,600 per kg on the 11th with steady demand amid positive market trends.

    March 2018 – Week 3 (12 – 18):

    • The third week opened with silver priced at Rs.41,600 per kg on the 12th with domestic markets tracking steady trends from the previous week.
    • However, with the US employment data indicating a positive result on the US economic growth, the dollar index rose against a basket of other currencies. This led to silver rate in Kolkata dropping to Rs.41,400 per kg on the 13th.
    • Safe-haven demand for the metal spiked after the US Secretary of State Rex Tillerson was fired abruptly by the US President. With people doubting Trump’s presidency, the US dollar plummeted. This led to silver prices surging to Rs.41,700 per kg on the 14th.
    • But with investors and traders refraining from making purchases ahead of a possible Fed rate hike, silver rates dropped to Rs.41,500 per kg on the 15th.
    • Poor trends overseas coupled with reduced domestic demand led to silver being priced at Rs.41,300 per kg and Rs.41,100 per kg on the 16th and the 17th respectively.
    • The week ended with the industrial metal trading at Rs.41,100 per kg on the 18th with subdued but steady demand from industries and coin makers amid weak global cues.

    March 2018 – Week 4 (19 – 25):

    • The week began with silver trading at its lowest recorded monthly figure of Rs.41,000 per kg on the 19th after the strengthened US dollar led to a decline in domestic demand for the metal.
    • Though prices rose to Rs.41,200 per kg on the 20th, silver rate in Kolkata plunged again to Rs.41,000 per kg on the 21st following a surge in the US dollar value.
    • However, an incline in safe haven demand for the metal brought about by the weakened US dollar amid market uncertainties led to silver price in Kolkata rising over the next couple of days.
    • Silver was recorded trading at Rs.41,500 per kg on the 22nd before surging further to Rs.41,600 per kg on the 23rd amid firm trends overseas.
    • Thanks to steady global demand from industries and coin makers amid the positive global cues, prices remained untouched at Rs.41,600 per kg until the end of the week.

    March 2018 – Week 5 (26 – 31):

    • The last week saw silver rate in Kolkata rising initially before declining amid the strengthening US dollar and recovering equities.
    • Silver was priced at Rs.41,600 per kg on the 26th when the week opened.
    • Rates rose to Rs.41,800 per kg the next day after safe-haven investments surged following the ongoing US- Russian political spat overseas.
    • The dollar, however, regained ground the next day with the greenback gaining against a basket of other emerging currencies in the international market. This led to silver being priced at Rs.41,500 per kg on the 28th.
    • The strengthening US dollar coupled with firmer equity markets led to silver price in Kolkata dropping to Rs.41,400 per kg on the 29th.
    • The rest of the month saw the white metal prices holding steady at Rs.41,400 per kg with subdued but steady demand from industrial units and coin makers.
    • Kolkata registered an incline of 0.72% in silver rates during the course of the month.

    Trend of Silver Rate in Kolkata for February 2018 (rates per kg)

    Parameters Silver price (per kg)
    February 1 Rate Rs.42,600 per kg
    February 28 Rate Rs.41,200 per kg
    Highest Rate in February Rs.42,600 per kg on 1 and 2 February
    Lowest Rate in February Rs.40,600 per gram on 10 and 11 February
    Overall Monthly Performance Decline
    Percentage Change -3.28%

    February 2018 - Week 1 (1st - 4th):

    • Silver traded at Rs.42,600 per kg in Kolkata when the first week of February began.
    • Silver rate in Kolkata continued to trade at Rs.42,600 per kg before falling to Rs.41,700 per kg on the 3rd, due to weak trading cues. Rates seen on the 1st and te 2nd were the highest silver rates for this month.
    • It was made possible by a poor US dollar which seemed to drop ahead of poor jobs data.
    • The month came to an end with the metal trading at Rs.41,700 per kg.

    February 2018 - Week 2 (5th - 11th):

    • The second week started with silver trading at a slightly lower rate of Rs.41,500 per kg.
    • The next day, i.e., the 6th saw silver prices in Kolkata rise to Rs.41,900 per kg but dropped to Rs.41,400 per kg on the 7th owing to poor global cues.
    • Silver prices dropped to Rs.40,800 per kg on the 8th as weak global cues combined with a poor local demand proved to be poor for the metal.
    • On the 9th, rates rose to Rs.41,000 per kg, thanks to an unexpected rise in local demand in spite of poor cues overseas.
    • The 10th and the 11th saw silver trade at Rs.40,600 per kg as the equities market performed well and so did the US dollar.

    February 2018 - Week 3 (12th - 18th):

    • When trading opened for the 12th, silver prices had risen to Rs.40,800 per kg as the US dollar weakened as inflation data was expected to be released.
    • Over the next few days, silver prices inclined gradually as the inflation data halted the dollar’s growth and safe haven demand kicked in.
    • On the 13th, silver traded at Rs.41,300 per kg which then rose to Rs.41,400 per kg the next day as global cues remained positive.
    • During the 15th, silver prices went up to Rs.41,800 per kg before dropping to Rs.41,700 per kg on the 16th.
    • Silver traded at Rs.41,700 per kg for most of 17th and 18th as investors purchased the white metal to hedge against inflation.

    February 2018 - Week 4 (19th - 25th):

    • Demand for the metal was uneven over the course of this week. On the 19th, the white metal was priced at Rs.41,600 per kg.
    • This fell to Rs.41,200 per kg on the 20th as the US dollar bounced back after a slow week, owing to weak inflation data.
    • On the 21st, silver prices remained unchanged but went up to Rs.41,400 per kg the next day due to a surge in demand from coin makers and industrial units.
    • The 22nd saw the white metal’s rates surged to Rs.41,600 per kg before falling by Rs.100 to Rs.41,500 per kg.
    • For the remaining days of the week, silver traded at Rs.41,500 per kg.

    February 2018 - Week 5 (26th - 28th):

    • Silver prices were recorded at Rs.41,600 per kg on the 26th of February, which surged to Rs.41,700 per kg on the 27th as markets were volatile.
    • When the month came to an end, silver was seen trading at Rs.41,200 per kg.
    • A poor local demand was a catalyst behind silver prices falling by 3.28% this February.

    Trend of Silver Rate in Kolkata for January 2018 (rates per kg)

    Parameters Silver price (per kg)
    Silver rate on 1st January 2018 Rs.38,925 per kg
    Silver rate on 31st January 2018 Rs.42,200 per kg
    Highest Rate in January Rs.42,700 per kg on 29 January
    Lowest Rate in January Rs.38,925 per kg on 1, 2 and 10 January
    Overall Monthly Performance Incline
    Percentage Change 8.41%

    January 2018 - Week 1 (1 - 7):

    • Silver trade in Kolkata witnessed prices increasing significantly following an incline in demand from industrial units and coin manufacturers amid steady global cues.
    • Trading commenced with the white metal priced at Rs.38,925 per kg on the 1st. This was also the lowest recorded monthly figure in Kolkata.
    • Steady local demand coupled with firm trends resulted in prices remaining untouched at Rs.38,925 per kg on the 2nd.
    • The 3rd saw silver rate in Kolkata rising to Rs.39,110 per kg before dropping to Rs.38,995 per kg on the 4th with a slight decline in industrial demand amid the strengthened US dollar index.
    • However, with the US greenback losing ground against other apex currencies, prices surged to Rs.39,265 per kg on the 5th.
    • An increase in demand compared to below par performance in the previous days resulted in silver rates holding steady at Rs.39,355 per kg on the 6th and the 7th.

    January 2018 - Week 2 (8 - 14):

    • The week began with the industrial metal trading steady at Rs.39,355 per kg on the 8th amid firm trends overseas.
    • Silver price in Kolkata plunged to Rs.39,115 per kg on the 9th which dropped further to Rs.38,925 per kg the following day with the US dollar strengthening amid firm equities markets which pushed demand lower for the metal.
    • The 11th, however, saw silver rates climbing up to Rs.39,110 per kg following an increase in demand from local coin makers and industrial units.
    • Steady demand coupled with positive trends overseas resulted in silver prices remaining untouched at Rs.39,110 per kg on the 12th.
    • With the US dollar losing against a basket of other emerging currencies in the international markets, demand for the metal surged.
    • Silver was recorded trading at Rs.39,265 per kg on the 13th before rising to Rs.39,355 per kg on the 14th amid strong global cues.

    January 2018 - Week 3 (15 - 21):

    • The week saw silver rates climbing initially before plunging amid poor trends overseas as the week progressed.
    • The white metal prices were recorded holding at Rs.39,670 per kg on the 15th with a sudden incline in demand after speculators ramped up their purchases amid the weakened US dollar.
    • Silver rates remained unaltered at Rs.39,680 per kg over the next couple of days with steady demand for the metal by investors and traders.
    • The 18th, however, saw silver prices plunging to Rs.39,265 per kg with a decline in silver sales amid the recovering greenback and equities market.
    • Silver price in Kolkata dropped further to Rs.39,115 per kg on the 19th before slightly rising to Rs.39,265 per kg on the 20th after a firm trend overseas led to an incline in industrial demand for the metal.
    • With the US dollar attempting to make a comeback from its previous rally of losses, silver rates remained untouched at Rs.39,265 per kg for the remainder of the week.

    January 2018 - Week 4 (22 - 28):

    • The fourth week witnessed silver prices holding steady during the initial days before surging high halfway into the week with strong safe-haven demand for the metal.
    • Trading commenced for the week with the white metal priced at Rs.39,265 per kg on the 22nd amid steady trends overseas.
    • Strong global cues coupled with steady demand from local coin makers and industrial units resulted in silver rates holding steady at Rs.39,265 per kg until the 24th.
    • However, with the US dollar and equity markets losing considerable ground in the global markets, demand for the safe-haven metal spiked. This led to silver being priced as high as Rs.40,285 per kg on the 25th.
    • The rest of the week saw silver rate in in Kolkata holding firm at Rs.40,285 per kg owing to steady domestic and global demand amid the poorly performing US dollar and equities.

    January 2018 - Week 5 (29 - 31):

    • The final week began with the industrial metal trading at Rs.42,700 per kg - the highest recorded monthly figure - on the 29th. The rise in prices was greatly due to the sudden incline in safe-haven demand amid concerns over a possible economic crisis in the US.
    • However, with the US dollar and equity markets regaining lost ground from the previous losses, silver rates plunged to Rs.42,200 per kg on the 30th.
    • Trading concluded for the month with silver continuing to trade at Rs.42,200 per kg on the 31st after demand remained flat ahead of the two-day monetary policy meeting in the Federal Reserve.
    • Strong global, as well as domestic demand brought about by the positive trends overseas, heralded record-breaking changes in silver rates during the month.
    • Silver rates in Kolkata rose by a whopping 8.41% owing to strong global cues during the course of the month.

    Trend of Silver Rate in Kolkata for December 2017 (rates per kg)

    Parameters Silver price (per kg)
    Silver Rate on 1st December 2017 Rs.41,800 per kg
    Silver Rate on 31st December 2017 Rs.43,000 per kg
    Highest Rate in December Rs.43,000 per kg on 30 December
    Lowest Rate in December Rs.40,200 per kg on 06 December
    Overall Monthly Performance Increasing
    Percentage Change 2.87%

    December 2017 - Week 1 (1st to 10th)

    • When the month began, the industrial metal was recorded trading at Rs.38,230 per kg on the 1st amid the strengthening US dollar.
    • The 2nd saw silver price in Kolkata declining to Rs.38,120 per kg with a decline in domestic demand brought about by the strong US dollar index.
    • Though prices remained unchanged at Rs.38,120 per kg the next day, silver rate in Kolkata plummeted to Rs.37,965 per kg on the 4th after demand from industries and coin manufacturers declined amid the poor global trends.
    • A decrease in demand brought about by the strong US dollar and firmer equities led to silver prices dropping to Rs.37,600 per kg and Rs.37,180 per kg on the 6th and the 7th respectively.
    • Silver rates dropped further to Rs.36,715 per kg on the 8th with the US dollar rising against other apex currencies following the approval of the Republican tax reform plan by the US Senate.
    • With investors and traders cautious ahead of the US Federal Reserve meeting during the next week, prices remained untouched at Rs.36,715 per gram for the rest of the week.

    December 2017 - Week 2 (11th to 17th)

    • The week began with the white metal prices holding at Rs.36,920 per gram on the 11th with steady demand for the metal.
    • Silver continued trading at Rs.36,920 per kg on the 12th but the strengthening US dollar and well-performing equities resulted in prices plummeting to Rs.36,545 per kg - the lowest recorded monthly figure - on the 13th.
    • The Fed rate hike resulted in the dollar losing significant ground against other apex currencies. This led to silver rate in Kolkata rebounding to Rs.37,295 per kg on the 14th.
    • The 15th, however, witnessed prices dropping slightly to Rs.37,235 per kg which plunged further to Rs.36,920 per kg the next day with the US dollar rising amid the stabilising markets.
    • The week concluded with silver priced relatively higher at Rs.37,180 per kg on the 17th with an increased offtake by industrial units and coin manufacturers.

    December 2017 - Week 3 (18th to 24th)

    • When trading opened for the week, silver was priced at Rs.38,395 per kg on the 18th with an increase in industrial demand in the domestic market.
    • Silver price in Kolkata plunged to Rs.37,600 per kg the next day before an incline in domestic demand led to silver rates rebounding to Rs.38,395 per kg on the 20th.
    • The uneven global cues coupled with the fluctuating industrial demand led to silver being priced at Rs.37,600 per kg on the 21st before rising to Rs.37,865 per gram on the 23rd.
    • Steady demand amid the positive trends overseas led to silver rates holding firm at Rs.37,865 per gram for the rest of the week.

    December 2017 - Week 4 (25th to 31st)

    • The last week of 2017 commenced with silver recorded trading at Rs.38.395 per gram on the 25th amid the firm trend overseas.
    • The next day, however, witnessed rates plunging to Rs.38,005 per gram with the US dollar regaining lost ground and the well-performing equities market.
    • But with Asian stock markets failing against the new US tax cuts, prices rebounded to Rs.38,815 per kg on the 27th.
    • Silver price in Kolkata rose slightly to Rs.38,825 per kg on the 28th with the US dollar losing against a basket of other emerging currencies.
    • Strong investor sentiments coupled with an improved demand amid the positive trends overseas led to silver prices surging to Rs.39,265 per kg on the 30th.
    • Trading concluded for the month with the white metal priced at Rs.39.265 per kg on the 31st.
    • Kolkata registered an incline of 2.70% in silver prices during the course of the month.

    Trend of Silver Rate in Kolkata for November 2017 (rates per kg)

    Parameters Silver price (per kg)
    Silver rate on 1st November 2017 Rs.38,995 per kg
    Silver rate on 30th November 2017 Rs.38,640 per kg
    Highest Rate in November Rs.40,520 per kg on 18 and 19 November
    Lowest Rate in November Rs.38,640 per kg on 30 November
    Overall Monthly Performance Decline
    Percentage Change 0.91%

    November 2017- Week 1 (1st to 5th)

    • SIlver prices were quite unstable in the first week of November in Kolkata, with the white metal priced at Rs. Rs.38,995 per kg.
    • Silver traded at Rs.39,950 per kg on 2 November following an increase in local demand due to higher order volumes ahead of the festive season.
    • Demand rose as commodity markets took advantage of the unsteady equity markets, increasing demand from booth local as well as international industrial units.
    • Silver was priced at Rs.39,355 per kg on 4 November as prices remained constant till the week ended on 5 November.

    November 2017- Week 2 (6 to 12)

    • The week began with silver priced at Rs.39,355 per kg on 6 November as the previous week’s demand kept prices stable.
    • Silver price in Kolkata rose to Rs.40,040 per kg on 7 November over the political uncertainty in the Middle East following the surprise arrests of top ranking Saudi diplomats and officials.
    • Local demand followed trends seen overseas as the dollar suffered a drastic plunge, resulting in silver price in Kolkata holding steady at Rs.40,040 per kg on 8 & 9 November.
    • Demand began to dip towards the middle of the week, with silver priced at Rs.39,970 per kg on 10 November.
    • The price of silver remained unchanged for the remainder of the week as silver ended the week priced at Rs.39,970 per kg on 12 November.

    November 2017- Week 3 (13th to 19th)

    • The third week saw silver prices rise to monthly highs as the market continued to fluctuate due to the unrest in Saudi Arabia and the ramping up of rhetoric with North Korea.
    • Silver was priced at Rs.39,870 per kg on 13 November, with the price falling slightly due to a strong opening by markets across the world.
    • Prices rose as the week progressed due to the fallout from Brexit, as the U.K. markets plunged and silver rose to Rs.40,140 per kg on 14 November.
    • Silver price in Kolkata continued to rise, as the metal trading at Rs.40,240 per kg on 15 & 16 November due to more orders from Asian industrial units.
    • Coin makers also increased demand for the white metal, though prices did not see much of a change.
    • Silver price in Kolkata fell to Rs.40,040 per kg on 17 November following the regularising of demand as markets recovered.
    • Tensions with North Korea rose up again as the week drew to a close, resulting in silver jumping to Rs.40,520 per kg on 18 & 19 November.

    November 2017- Week 4 (20th to 26th)

    • Silver traded at Rs.40,440 per kg on 20 November as markets performed well after the previous week’s rise in demand.
    • Prices began to gradually regularise themselves as silver rate in Kolkata fell to Rs.39,780 per kg on 21 November, though local demand was steady.
    • The decline in demand for silver in the international market resulted in local prices falling to Rs.39,265 per kg on 22 November.
    • Prices recovered as silver was priced at Rs.40,060 per kg on 23 November after a rise in local demand following a local market downturn.
    • Demand was at the mercy of the stock markets, which led to the white metal trading at Rs.40,040 per kg on 24 November as the U.S. escalated tensions with North Korea.
    • The week ended with silver prices continuing to fluctuate, trading at Rs.39,780 per kg on 26 November.

    November 2017- Week 5 (27th to 30th)

    • The final week of November saw silver prices dip due to a steady drop in demand.
    • The metal opened the week trading at Rs.39,780 per kg on 27 November, with the price remaining constant from the previous week as a result of muted trading on the commodity exchanges.
    • Silver rate in Kolkata fell to Rs.39,680 per kg on 28 November as demand dropped following a market recovery.
    • Silver price in Kolkata dropped to Rs.39,115 per kg on 29 November as the U.S. economy recovered from its earlier losses and appeared to be on the path to recovery in spite of the internal political problems plaguing them.
    • Silver price in Kolkata continued to drop as the month drew to a close as the metal traded at Rs.38,640 per kg on 30 November.

    Trend of Silver Rate in Kolkata for October 2017 (rates per kg)

    Parameters Silver price (per kg)
    Silver Rate on 1st October 2017 Rs.39,530 per kg
    Silver Rate on 31st October 2017 Rs.39,435 per kg
    Highest Rate in September Rs.40,440 per kg on 16 October
    Lowest Rate in September Rs.39,110 per kg on 5 and 19 October
    Overall Monthly Performance Decline
    Percentage Change -0.24%

    October 2017 - Week 1 (1st-8th):

    • Silver opened the week trading at Rs.39,500 per kg on the 1st of October.
    • Silver Price in Kolkata remained untouched at Rs.39,500 per kg the next day as well, thanks to steady demand from coin makers and industrial units.
    • The next couple of days witnessed rates plunging after the dollar strengthened against other major emerging currencies amid the possibility of an interest rate hike by the US central bank.
    • This led to silver prices dropping to Rs.39,110 per kg on the 5th. This was also the lowest recorded monthly figure in Kolkata.
    • Strong global cues coupled with an increased local demand led to silver rate in Kolkata rising over the next few days and the industrial metal was trading at Rs.39,680 per kg on the 7th.
    • The week concluded with the metal trading steady at Rs.39,680 per kg owing to steady demand from industries and coin makers.

    October 2017 - Week 2 (9th-15th):

    • The domestic trade witnessed silver rate in Kolkata being greatly influenced during the second week. This was due to the positive trends overseas and the imminent arrival of the festive season during the week.
    • The industrial metal was priced at Rs.39,950 per kg when the week began on the 9th.
    • With the effect of the festive season kicking in, domestic demand surged in the local trade. This led to silver price in Kolkata surging to Rs.40,060 per kg on the 10th, which further rose to Rs.40,285 per kg on the 11th.
    • Kolkata witnessed silver prices trading steady at Rs.40,390 per kg for the rest of the week, thanks to steady industrial demand coupled with strong international market trends.

    October 2017 - Week 3 (16th-22nd):

    • When trading commenced for the third week, silver was priced higher at Rs.40,440 per kg on the 16th. This was also the highest recorded monthly figure in the city
    • Poor global trends amid the strengthening dollar over the next few days led to silver rate in Kolkata plunging to Rs.40,060 per kg and Rs.39,110 per kg on the 18th and the 19th respectively.
    • The imminent arrival of Diwali spurred demand higher for the metal pushing rates higher to Rs.40,285 per kg the next day.
    • The rest of the witnessed the white metal trading firm at Rs.40,060 per kg, thanks to steady industrial demand from coin manufacturers.

    October 2017 - Week 4 & Week 5 (23rd-31st):

    • A firm US economy coupled with other poor international trends led to silver rate in Kolkata dropping significantly during the week.
    • The week opened with the white metal trading at Rs.40,040 per kg on the 23rd, which rose to Rs.40,060 per kg on account of an increased buying from industrial units and coin manufacturers the next day.
    • The 25th, however, witnessed silver price in Kolkata plunging to Rs.39,780 per kg due to a decline in global demand for the metal.
    • The next couple of days saw rated declining further to Rs.39,435 per kg after local demand dipped in the wake of the strengthening US economy.
    • Poor domestic demand coupled with weak trends overseas led to rates plunging to Rs.39,115 per kg on the 28th and the 29th.
    • Thanks to an increase in demand from industrial units and coin makers, the month ended with the white metal prices rising to Rs.39,435 per kg on the 31st.

    Trend of Silver Rate in Kolkata for September 2017 (rates per kg)

    Parameters Silver price (per 1 kg)
    Silver Rate on 1st September 2017 Rs.40,390 per kg
    Silver Rate on 30th September 2017 Rs.39,530 per kg
    Highest Rate in September Rs.41,900 per kg on 9 and 10 September
    Lowest Rate in September Rs.39,530 per kg on 28 to 30 September
    Overall Monthly Performance Decline
    Percentage Change 2.12%

    September 2017 - Week 1 (1st-10th)

    • When trading commenced in Kolkata, the white metal was trading at Rs.40,390 per kg on the 1st of September.
    • Thanks to steady and sustained demand from local buyers, prices remained untouched at Rs.40,390 per kg until the 3rd.
    • However, silver rates in Kolkata surged to Rs.41,075 per kg on the 4th due to the poorly performing dollar.
    • Silver prices in Kolkata rose to Rs.40,340 per kg on the 5th, which further surged to Rs.41,495 per kg on the 6th. This was due to an increase in demand from industries and coin makers making purchases to boost their inventories.
    • Demand for the industrial metal dropped, and prices dropped to Rs.40,230 per kg the following day.
    • With North Korea having confirmed about its successful thermonuclear test, demand for safe-haven assets like silver skyrocketed over the next three days.
    • The 8th witnessed silver trading at Rs.41,675 per kg, which surged further to Rs.41,900 per kg on the 9th. This was also the highest recorded monthly figure in Kolkata.
    • The week ended on the 10th with the white metal priced at Rs.41,00 per kg, owing to steady global, as well as, domestic demand.

    September 2017 - Week 2 (11th-17th)

    • The second week saw silver rates declining significantly as the US economy began to recover.
    • Silver opened the week trading at Rs.41,075 per kg on the 11th, which then plunged to Rs.41,030 per kg the next day.
    • The white metal prices, however, recovered to touch Rs.41,075 per kg on the 13th, but soon dropped to Rs.40,890 per kg the next day with strengthening of the US dollar.
    • The rest of week witnessed silver trading at Rs.40,890 per kg, owing to a low, but steady demand from industries and coin makers.

    September 2017 - Week 4 (18th-24th)

    • Kolkata witnessed silver rates decline during week owing to poor global trends and reduced local demand.
    • The week began with silver priced at Rs.40,440 per kg on the 18th.
    • Rates plunged to Rs.39,680 per kg as the dollar gained against other major emerging currencies the next day.
    • The 21st witnessed silver rates in Kolkata dropping marginally to Rs.39,670 per kg, on account of reduced local demand.
    • Silver prices in Kolkata remained steady at Rs.39,670 per kg for the remained of the week, thanks to steady and sustained local demand from industrial units and coin manufacturers.

    September 2017 - Week 4 (25th-30th)

    • Silver opened trading at Rs.39,670 per kg on the 25th, when trading commenced for the final week in Kolkata.
    • The 26th witnessed silver rates surging to Rs.40,520 per kg, with the arrival of the festive season pushing local demand higher for the metal.
    • However, prices dropped in Kolkata to Rs.39,780 per kg on the 27th, which further plunged to Rs.39,530 per kg on the 28th as demand for the metal declined with strengthening of the US dollar.
    • Silver rates in Kolkata remained unchanged at Rs.39,530 per kg over the next couple of days with steady demand from local buyers.
    • The city of Kolkata witnessed silver rates decline by 2.12% over the course of the month.

    Trend of Silver Rate in Kolkata for August 2017 (rates per kg)

    Parameters Silver price (per 1 kg)
    Silver Rate on 1st August Rs.38,925 per kg
    Silver Rate on 31st August Rs.40,040 per kg
    Highest Rate in August Rs.40,190 per kg on 29 & 30 August
    Lowest Rate in August Rs.37,235 per kg on 5 & 6 August
    Overall Monthly Performance Incline
    Percentage Change 2.86%

    August ‘17- Week 1 (1st to 6th)

    • Silver prices in Kolkata fluctuated in the first week of August due to conflicting cues from industry and the markets.
    • The industrial metal was priced at Rs.38,925 per kg on 1 August but prices dipped to Rs.48,455 peer kg on 2 August as overseas demand was on the decline due to a recovering U.S. dollar.
    • Local demand was also sluggish as orders were slow following the imposition of GST, as silver rate in Kolkata fell to Rs.37,965 per kg on 3 August.
    • Demand fluctuated for the rest of the week before settling at Rs.37,235 per kg on 6 August.

    August ‘17- Week 2 (7th to 13th)

    • Prices continued to be on the lower end as the second week began as industrial units awaited U.S. non-farm jobs data.
    • Silver traded at Rs.37,295 per kg on 7 August before rising to Rs.38,345 per kg on 8 August after an influx of orders from Europe boosted prices.
    • In spite of poor local demand, silver rate were on the rise as the U.S. economy was weak following the escalation of tension between the United States and North Korea, with silver trading at Rs.38,925 per kg on 10 August.
    • Demand steadied at Rs.39,670 per kg on 12 August and remained unchanged as the week ended on 13 August thanks to sustained demand from overseas.

    August ‘17- Week 3 (14th to 20th)

    • Prices were more or less stable barring a few fluctuations in the third week of August as markets began to stabilise after the previous week’s volatility.
    • Silver was priced at Rs.39,670 per kg on 14 August and remained steady for a while before a minor drop in demand led to the metal falling to Rs.38,815 per kg on 16 August.
    • Industrial demand from Asia fluctuated as data from China indicated a slowing down of the economy, which brought down orders.
    • Silver price in Kolkata recovered marginally as the week ended, with silver priced at Rs.39,115 per kg from 18-20 August.

    August ‘17- Week 4 (21st to 27th)

    • The week opened with silver trading at Rs.39,115 per kg on 21 August as there was minimal trading in the metal over the weekend.
    • Silver prices in Kolkata rose to Rs.39,265 per kg on 22 August as demand from coin makers kept prices high after a slump in demand from overseas industry due to a rising dollar rate.
    • Market volatility persisted as geopolitical tensions within the United States led to greater demand for bullion as safe-haven asset, pushing prices to Rs.39,355 per kg on 24 August.
    • Demand dropped to Rs.38,995 per kg on 25 August as the rise in the dollar rate coupled with a relatively stable geopolitical situation led to reduced trading in silver.
    • The week ended with silver priced at Rs.38,995 per kg on 27 August.

    August ‘17- Week 5 (28th to 31st)

    • The last week of August saw an increase in demand for silver as local demand picked up, with the metal opening the week at Rs.39,435 per kg on 28 August.
    • Silver rate in Kolkata rose to Rs.40,190 per kg on 29 August following a surge in demand from both overseas as well as domestic industrial units in spite of the dollar remaining relatively stable.
    • The renewal of war rhetoric and the economic impact of Hurricane Harvey led to markets falling and greater demand for bullion, keeping prices high.
    • The month ended with silver priced at Rs.40,040 per kg on 31 August, recording a 2.86% increase in price over the course of the month.

    Trend of Silver Rate in Kolkata for July 2017 (rates per kilogram)

    Parameters Silver price
    July 1 Rate Rs.38,640 per kg
    July 31 Rate Rs.38,640 per kg
    Highest Rate in July Rs.38,690 per kg on 3 July
    Lowest Rate in July Rs.36,035 per kg on 10 July
    Overall Monthly Performance No change
    Percentage Change 0%

    July ‘17- Week 1 (1st to 9th)

    • Silver was on the ascent as the week began but prices dropped due to a decline in demand towards the end of the week.
    • The industrial metal was priced at Rs.38,640 per kg on 1 July and rose to Rs.38,690 per kg on 3 July as overseas demand was steady in spite of a rising U.S. dollar rate.
    • Prices dipped as the markets rose around American independence day, with silver falling to Rs.38,705 per kg on 4 July.
    • The drop in price continued as the dollar rate rose as investor confidence increased ahead if the G20 summit.
    • Industrial demand was muted as companies awaited the results of the ongoing summit, resulting in silver prices falling to Rs.37,115 per kg from 7-9 July.

    July ‘17- Week 2 (10th to 16th)

    • The drop in prices continued in the second week, with silver priced at Rs.36,035 per kg on 10 July, the lowest rate for the month as local demand all but came to a standstill.
    • Prices were subject to the vagaries of demand as the dollar rate continued to be high, as silver traded at Rs.36,920 per kg on 12 July.
    • International concern over the escalating tensions between North Korea and the United States impacted the bourses marginally, though silver prices continued to be low at Rs.36,270 per kg on 14 July.
    • A moderate rise in orders from Asia led to silver rising to Rs.37,180 per kg on 15 & 16 July, though overall demand continued to be sluggish.

    July ‘17- Week 3 (17th to 23rd)

    • Growing tensions between the United States and its neighbours led to the markets falling and a rise in demand for bullion, especially silver.
    • The white metal traded at Rs.37,180 per kg on 17 July before prices rose to Rs.37,600 per kg on 18 July amidst growing rhetoric from the U.S. president on the border wall with Mexico and tensions with North Korea.
    • Silver price in Chennai rose to Rs.37,705 per kg on 19 July in spite of poor local demand as markets were stable.
    • Growing demand from coin makers led to silver prices rising to Rs.37,800 per kg on 21 July and jumping to Rs.38,005 per kg on 22 & 23 July.

    July ‘17- Week 4 (24th to 31st)

    • Silver price rose as favourable market conditions led to increased demand from overseas buyers such as the Chinese and Europeans, with silver priced at Rs.38,120 per kg on 24 July.
    • Local demand was bolstered by higher demand from coin makers and retail purchases, as the metal traded at Rs.38,230 per kg on 25 July before prices rose to Rs.38,690 per kg on 27 July.
    • Fluctuations were observed as silver fell to Rs.38,275 per kg on 28 July due to a sudden drop in demand from local industrial units.
    • As the U.S dollar rate recovered from its earlier losses, silver prices failed to recover from their slump, trading at Rs.38,460 per kg on 29 July.
    • A nominal rise in price was recorded on 31 July as silver ended the month at Rs.38,640 per kg.
    Parameters Silver price
    June 1 Rate Rs.40,285 per kg
    June 30 Rate Rs.38,995 per kg
    Highest Rate in June Rs.40,890 per kg on 7 June
    Lowest Rate in June Rs.38,455 per kg on 21 June
    Overall Monthly Performance Decline
    Percentage Change -3.20%

    June ‘17- Week 1 (1st to 4th)

    • The price of silver in Kolkata rose over the course of the first week barring a minor fluctuation.
    • Silver was priced at Rs.40,285 per kg on 1 June before the price fell to Rs.39,950 per kg on 2 June due to a dip in industrial demand.
    • The low U.S. dollar rate as well as the political turmoil in the U.S. led to an increase in demand for silver, which traded at Rs.40,670 per kg on 3 June.
    • Prices remained constant as the week ended, closing at Rs.40,670 per kg on 4 June.

    June ‘17- Week 2 (5th to 11th)

    • Prices opened at Rs.40,670 per kg on 5 June as demand was consistent due to stable demand from Asia as well as European markets.
    • Silver rose to its highest rate for the month on 7 June, trading at Rs.40,890 per kg as fresh news on the Russia scandal enveloping the White House caused markets to plunge and unseated the dollar.
    • Prices dipped to Rs.40,725 per kg on 8 June due to a decline in demand from local industrial units, which led to the price drop.
    • Silver continued to fall in value due to poor demand from overseas markets, as the metal traded at Rs.40,285 per kg on 9 June.
    • The week ended with silver priced at Rs.40,060 per kg on 11 June.

    June ‘17- Week 3 (12th to 18th)

    • Silver traded lower than the previous week as the dollar recovered some of its earlier losses and the markets began to recoup their losses.
    • The week opened with silver priced at Rs.39,680 per kg on 12 June before falling to Rs.39,435 per kg on 13 June as local demand fell as the rising dollar made silver imports more expensive.
    • Silver traded at Rs.39,265 per kg on 15 June as demand from Europe was also muted as markets were bolstered by positive news from the U.S. jobs market.
    • Prices failed to rise as the week drew to a close, trading at Rs.38,640 per kg on 17 & 18 JuUne.

    June ‘17- Week 4 (19th to 25th)

    • Prices opened at Rs.38,640 per kg on 19 June as demand for silver was constant over the weekend.
    • Silver prices fell to Rs.38,455 per kg on 21 June as local demand was poor and industrial demand from Asia was lower than expected.
    • Prices rose marginally as silver traded at Rs.38,690 per kg on 23 June and rose further to Rs.38,925 per kg on 24 & 25 June due to an influx of orders from coin makers.
    • Local demand began to rise as jewellers and consumers increased demand ahead of the imposition of GST.

    June ‘17- Week 5 (26th to 30th)

    • Silver opened the week trading at Rs.38,925 per kg on 26 June as demand was more or stable.
    • A stable U.S. dollar rate and recovering markets kept demand for bullion low, but local demand led to silver prices rising to Rs.39,115 per kg on 28 June.
    • Prices continued to remain constant for the next day as the Indian stock markets were slightly unsteady before GST was rolled out.
    • Prices fell to Rs.38,995 per kg on 30 June in spite of stable demand, resulting in silver suffering a loss in value of 3.20%.
    Parameters Silver Price in Kolkata
    May 1st  Rate Rs.40,040 per kg
    May 31st  Rate Rs.40,060 per kg
    Highest Rate in May Rs.40,520 per kg on 30th of May
    Lowest Rate in May Rs.37,705 per kg on 11th and 12th of May
    Overall Performance Incline
    Percentage Change 0.04%

    May 2017 - Week 1 (1st - 7th):

    • On the 1st of May, silver was priced at Rs.40,040 per kg, which then went down to Rs.39,115 per kg on the 2nd due to a massive drop in demand.
    • Prices fell again on the 3rd to Rs.38,925 per kg as jewellers - coin makers in particular - remained wary of investing in the metal.
    • The 4th saw prices fall yet again and ended the day’s pricing at Rs.38,230 per kg.
    • On 5th, silver prices decreased for the fifth consecutive day as rates went down to Rs.37,965 per kg but increased on the 6th to reach Rs.38,005 per kg.
    • When the week came to an end on the 7th, silver prices were still holding at Rs.38,005 per kg.

    May 2017 - Week 2 (8th - 14th):

    • When the second week of May began in Kolkata, silver prices had regressed by Rs.40 to start at Rs.37,965 per kg.
    • On the 9th, prices went down by Rs.100 due to a lack of demand for silver to trade at Rs.37,865 per kg.
    • The 10th of May was when silver prices hit their lowest for the month. The low prices were due to a constant decrease in demand over the previous few days.
    • On the 11th, silver prices were the same as on the 10th - at Rs.37,705 per kg.
    • However, silver prices rallied over the next few days to end the week on a relative high.
    • During the trading hours of the 12th, silver prices were recorded at Rs.37,865 per kg, which then went up to Rs.38,005 per kg on the 13th.
    • The last day of May week 2 didn’t see any price change as silver was still trading at Rs.38,005 per kg.

    May 2017 - Week 3 (15th - 21st):

    • Unlike the previous week, silver prices gained overnight to start the 15th at Rs.38,230 per kg - a Rs.225 incline.
    • Prices went up again on the 16th as demand from coin makers and the industrial sector rose considerably.
    • On the 16th, silver was priced at Rs.38,640 per kg and went up again on the 17th to trade at Rs.38,995 per kg.
    • Silver rates went up again on the 18th - this time by Rs.270 to close the day at Rs.39,265 per kg, but fell the next day to Rs.38,815 per kg due to a sudden drop in demand.
    • Prices rose on the 20th to Rs.39,115 per kg after an unexpected fall the previous day.
    • When the week came to an end, silver prices were still remained at Rs.39,115 per kg.

    May 2017 - Week 4 (22nd - 28th):

    • The fourth week of May saw prices fluctuate consistently due to an uneven demand for the metal.
    • When the week began on the 22nd, silver was trading at Rs.39,265 per kg, which inclined to Rs.40,040 per gram on the 23rd.
    • However, the rapid rise in demand couldn’t be sustained, leading to a drop of Rs.370 per kg, to bring prices down to Rs.39,670 per kg.
    • After an anomalous fall, prices went up to Rs.39,950 per kg on the 25th and remained level on the 26th as well.
    • The 27th saw prices increase to Rs.40,190 per kg and remained unchanged till the end of the week.

    May 2017 - Week 5 (29th - 31st):

    • When trading began for the final week of May, silver prices were recorded at Rs.40,285 per kg.
    • Silver prices went up on the 30th to trade at Rs.40,520 per kg - making it the highest trading rate for the entire month.
    • The same demand couldn’t be sustained which led to prices falling on the final day of May 2017 to Rs.40,060 per kg.
    • Overall, silver prices inclined in Kolkata at a marginal rate of 0.04% for the month of May.
    April 1st  Rate Rs.42,570 per kg
    April 30th  Rate Rs.40,040 per kg
    Highest Rate in April Rs.43,055 per kg on the 15th and 16th of April
    Lowest Rate in April Rs.40,040 per kg on the 29th and 30th of April
    Overall Performance Decline
    Percentage Change -5.94%

    April ‘17 - Week 1 (1st to 9th)

    • Silver was priced at Rs.42,570 per kg on the first day of April in Kolkata. This price was seen the next day as well.
    • However, after this rate of this metal fell on account of the U.S. Fed’s cautious tone regarding rate of interest.
    • The price of silver on the 3rd of April was Rs.42,435 per kg which then marginally increased to trade at Rs.42,730 per kg.
    • As the the week progressed, the rate of silver fluctuated depending on the demand for this metal, among other factors.
    • Although the price of silver on the 5th of April was Rs.42,775 per kg, due to slow economic data from the U.S., price of silver reduced again.
    • Silver traded at Rs.42,640 per kg on the 6th of April and fell to Rs.42,570 per kg on the 7th of April.
    • Rate of silver increased again to Rs.42,640 per kg on the last two days of the week.

    April ‘17 - Week 2 (10th to 16th)

    • Due to numerous fluctuations in the demand for silver from coin makers and industrialists, the rate of silver varied during the second week of April in Kolkata.
    • Silver opened at Rs.41,625 per kg on the 10th of April and rate of this metal increased slightly the next day.
    • On the 11th, silver traded at Rs.41,780 per kg due to a rise in the demand for this metal.
    • The price of silver rose significantly to trade at Rs.42,775 per kg on the 13th of April and this could be attributed to an increased demand.
    • As the demand for silver increased, this metal traded at Rs.43,055 per kg on the last two days of the week. This was also the highest rate at which silver traded for the month of April.

    April ’17- Week 3 (17th to 23rd)

    • Silver was priced at Rs.43,030 per kg on the 17th of April which was lower than the rate seen during the previous week.
    • As the value of the U.S. dollar increased, the price of silver fell. This trend was noted throughout the entire week.
    • There were also a number of changes noted in the rate of silver during this week.
    • Silver was priced at Rs.42,775 per kg on the 18th of April and fell to Rs.42,435 per kg on the 19th of April. This price was noted on the 20th of April as well.
    • Silver traded at Rs.42,080 per kg on the 21st of April and fell the next day to trade at Rs.41,980 per kg. Silver continued to trade at this rate until the end of the week.

    April ’17- Weeks 4 (24th to 30th)

    • Silver traded at Rs.41,625 per kg on the first day of the last week of April in Kolkata. This low rate can be attributed to a fall in the demand for this metal.
    • As the demand from coin makers and industrialists continued to reduce, the price of silver declined again.
    • Silver traded at Rs.41,435 per kg on the 25th of April and fell to Rs.40,520 per kg on the 26th of April. This rate was seen on 27th of April as well.
    • Emmanuel Macron, a centrist candidate won the first round of the presidential elections in France resulting in price variations of silver.
    • Due to stable but low demand for this metal, the price of silver was Rs.40,190 per kg on the 28th of April. The rate fell again and silver was priced at Rs.40,040 per kg on the last two days of the week. This was also the lowest at which silver was priced for the month of April.
    • At the end of the month, a decline of 5.94% was noted in the rate of silver in Kolkata.
    March 1st  Rate Rs. 43,970 per kg
    March 31st Rate Rs. 42,115 per kg
    Highest Rate in March Rs. 44,100 per kg on 2nd March
    Lowest Rate in March Rs. 40,040 per kg  on 15th March
    Overall Performance Decline
    Percentage Change -4.21%

    March ‘17 - Week 1 (1st to 5th)

    • Silver prices in Kolkata were recorded at Rs.43,970 per kg on the 1st of March, after which they increased by Rs.130 on the second and rose to Rs.44,100 per kg, which made it the highest rate of the metal over the course of the month.
    • Demand from industrialists and coin makers fell significantly and as a result saw prices plunge considerably on the 3rd of March.
    • The metal traded at Rs.42,730 per kg on the third of the month.
    • Prices rose on the 4th of March to Rs.43,295, and they remained at the same level until the close of the week thanks to increase in demand followed by stability.

    March ‘17 - Week 2 (6th to 12th)

    • The price of silver on the first day of the second week of March was recorded at Rs.42,925 – the same as the price on the closing day of the first week of the month.
    • A slight drop in prices over the following few days owing to decline in demand saw them recorded at Rs.42,570 per kg on the 7th of March, Rs.41,900 per kg on the 8th of March, and Rs.41,435 per kg on the 9th of March.
    • A major fall in prices on the 10th of March saw the metal trade at Rs.40,670 per kg, after which another decline saw rates fall to Rs.40,520 per kg on the 11th of March.
    • Prices remained stable on the last day of the second week of March as demand remained stable and the value of the metal at the close of trading was Rs.40, 520 per kg.

    March ’17- Week 3 (13th to 19th)

    • The price of silver on the first day of the third week of March was Rs.40,760 per kg thanks to a small increase in demand.
    • Prices fell by Rs.320 on the second day of the third week and were recorded at Rs.40,440 per kg.
    • On the 15th of March, prices hit their lowest levels in the month as they touched Rs.40,040 per kg, after which an increase by Rs.850 saw them rise to Rs.40,890 per kg on the 16th.
    • A minor decline on the 17th saw prices fall to Rs.40,815 per kg and rates remained stable for the next three days, closing the third week of March at Rs.40,815 per kg.

    March ’17- Week 4 (20th to 26th)

    • Silver opened the penultimate week of the month at Rs.41,075 per kg, marking a small incline from the closing levels of the previous week.
    • Prices fell by Rs.350 on the 21st of March and were recorded at Rs.40,725 per kg.
    • On the 22nd of the month, prices rose marginally and were recorded at Rs.41,230 per kg.
    • Thanks to an increase in demand, silver closed the penultimate week of March on a strong note as rates rose to Rs.41,340 before rising again and closing the seven-day period at Rs.41,435 per kg.

    March ’17 – Week 5 (27th to 31st)

    • The price of silver on the first day of the last week of March was recorded at Rs.41,900 per kg.
    • An increase by Rs.215 on the 28th of the month saw prices rise to Rs.42,115 per kg, and stable demand ensured that prices remained the same on the 29th of the month as well.
    • On the 30th of March, prices increased by Rs.320 to settle at Rs.42,435 per kg, and a decline by the same amount on the last day of the month saw the metal close March at Rs.42,115 per kg.
    February 1st  Rate Rs.42,520 per kg
    February 28th Rate Rs.44,165 per kg
    Highest Rate in February Rs.44,165 per kg on 28th February
    Lowest Rate in February Rs.42,115 per kg on 3rd February
    Overall Performance Incline
    Percentage Change +3.86%

    February ‘17 - Week 1 (1st to 5th)

    • There were a number of variations noted in the price of silver during the first week of February in Kolkata.
    • Silver opened at Rs.42,520 per kg on the 1st due to steady demand for this metal from industrialists.
    • The rate of silver rose to Rs.42,640 per kg on the 2nd due to increased demand. However, this could not be sustained and silver prices declined the next day to trade at Rs.42,115 per gram on the 3rd of February. This was also the lowest rate at which silver traded for the month of February in Kolkata.
    • Due to fluctuations in the U.S. dollar rate and subsequent increase in demand, the price of silver rose to Rs.42,355 per gram in the 4th of the month.
    • Silver closed the first week of February by trading at Rs.42,355 per kg which was the same rate as that of the previous day.

    February ‘17 - Week 2 (6th to 12th)

    • The second week saw silver trading at Rs.42,520 per kg which was slightly higher than that of the previous day.
    • Right after this, due to increased demand from industrialists and jewellers, the price of silver jumped to trade at Rs.42,930 per kg.
    • Rate of silver was steady at Rs.42,9200 per kg thanks to sustained but slightly lower demand for this metal.
    • Right after a minor lull, the rate of silver bounced back to trade at Rs.42,950 per kg on the 9th of February.
    • However, as the rate of the U.S. dollar fluctuated leading to fall in the demand for this metal. As a result the price of silver declined to trade at Rs.42,375 per kg on the 10th of February.
    • Prices fluctuated during the week, with silver trading at Rs.42,570 per kg on 11th February due to a sudden rise in demand. Silver was steady at this rate until the end of the week.

    February ’17- Week 3 (13th to 19th)

    • A minor variation in the rate of the U.S. dollar led to sudden rise in the demand for silver with this metal trading at Rs.43,280 per kg on the first day of the third week of February.
    • This demand was however not very steady and fluctuated throughout the week. On the 14th of February, the price of silver was Rs.43,030 per kg.
    • Prices rose to Rs.43,115 per kg on 15th February and later rose to Rs.43,385 per kg on 16th February due to a sudden drop in the value of the U.S. Dollar.
    • Local demand kept prices stable as demand fluctuated, trading at Rs.43,400 per kg on 18th February.
    • The week ended with silver trading at Rs.43,400 per kg on 19th February, due to steady demand.

    February ’17- Weeks 4 & 5 (20th to 28th)

    • The price of silver in the last two weeks of February fluctuated slightly varying demand for this precious metal from industrialists and coin makers.
    • Silver was priced at Rs.43,270 per kg on 20th February, before rising slightly to trade at Rs.43,285 on the 21st of February.
    • There was a minor decrease in demand for this metal resulting in prices dropping to trade at Rs.43,240 per kg on the 22nd of February.
    • A slight increase in demand from coin makers led to silver trading at Rs.43,680 per kg on 24th February.
    • Silver prices rose to Rs.43,910 per kg on 25th February, with the price shooting up to Rs.44,110 per kg on 27th February.
    • Silver prices continued to rise as the month ended, trading at Rs.44,165 per kg on 28th February to record an overall rise of 3.86%. This was also the highest at which silver traded for the month of February.
    January 1st  Rate Rs.39,035 per kg
    January 31st  Rate Rs.41,980 per kg
    Highest Rate in January Rs.42,180 per kg on 23rd January
    Lowest Rate in January Rs.39,035 per kg on 1st January
    Overall Performance Incline
    Percentage Change +7.54%

    January ‘17 - Week 1 (1st to 7th)

    • Silver prices in Kolkata for the month of January registered a significant rise due to consistent demand and favourable market conditions.
    • Silver was priced at Rs.39,035 per kg on 1st January and quickly rose as industrial demand pricked up, trading at Rs.39,530 per kg on 3rd January.
    • Prices continued to rise, with silver reaching Rs.40,285 per kg on 4th January, an increase of Rs.755 per kg in a single day.
    • Higher demand from the domestic market resulted in silver trading at Rs.40,670 per kg on 5th January.
    • Prices dipped as the week ended, with silver trading at Rs.40,390 per kg on 7th January due to market fluctuations, which resulted in a lowering of demand for silver.

    January ‘17 - Week 2 (8th to 14th)

    • Silver prices rose in the second week of January, as volatile markets and local factors all helped increase demand for the metal.
    • Silver was priced at Rs.40,390 per kg on 8th January, with the price rising to Rs.40,520 per kg on 9th January on stable demand.
    • U.S. markets fluctuated on uncertainty over the transfer of power as Barack Obama left office, which resulted in higher demand for safe haven assets like gold and silver.
    • Silver was priced at Rs.41,295 per kg on 11th January on increased demand but dipped in the subsequent days, trading at Rs.41,030 per kg on 13th January.
    • Silver ended the week trading at Rs.41,230 per kg on 14th January, registering a weekly increase in price of Rs.840 per kg.

    January ’17- Week 3 (15th to 21st)

    • The third week of January saw the price of silver fluctuate, as domestic demand was sluggish.
    • Silver traded at Rs.41,230 per kg on 15th January as demand led to an increase in price.
    • Higher overseas demand led t silver trading at Rs.41,560 per kg on 16th January, with the price rising further to Rs.41,990 per kg on 18th January.
    • Fluctuations in demand led to silver trading at Rs.41,675 per kg on 20th January as markets recovered from their earlier slide.
    • The week ended with silver trading at Rs.41,930 per kg on 21st January, as domestic demand led to a rise in price.

    January ’17- Weeks 4 & 5 (22nd to 31st)

    • Prices fluctuated in the last two weeks due to a number of factors, though silver began the week trading at Rs.41,930 per kg on 22nd January.
    • Prices rose to a monthly high of Rs.42,180 per kg on 23rd January on high demand but prices fell due to reduced demand from Asia.
    • Silver traded at Rs.41,435 per kg on 26th January and dipped further to Rs.41,075 per kg on 28th January as U.S. markets rose on positive data.
    • Prices rose as industrial demand increased towards the end of the month, trading at Rs.42,010 per kg on 30th January.
    • Silver ended the month trading at Rs.41,980 per kg on 31st January, registering a 7.54% increase in price.

    Silver as an Investment in Kolkata

    • Jewelry and Silverware – Jewelry has been the preferred choice of investment among most households in Kolkata and accounts for a major chunk of all silver utilization. While investing in jewelry and silverware is considered a safe option what one fails to realize is that they get less value for their money. Wastage and making charges increase the money paid to purchase silver items.

    • Silver Coins – Silver coins can be purchased according to weight and coins offered by certain countries are considered legal tender, which can be used as currency. Investors can opt for coins by weight, ranging from 1 g to 10g, depending on their needs. These coins can be readily sold or melted, offering cash when needed.

    • Silver Bars – Large investors and industrialists prefer to invest in silver bars. These bars can weigh around 1 kg and are an excellent source of investment for those who wish to store large quantities of silver. These bars can be molded into jewelry or could be used for manufacturing purposes.

    • Commodity Futures Exchange – Commodity Future Exchanges can be a nice investment option for those who are looking to buy silver in bulk. Big buyers of silver can purchase it directly through commodity futures exchange, which generally deal in silver weighing more than several kilograms.

    Silver Price Trend in Kolkata

    The price of silver varies according to market conditions and 1 kg of silver in Kolkata costs Rs 37,115 whereas 1 gm of silver costs Rs 39.70 (as of June 2015). Silver prices have been on a roller coaster ride over the last year, reaching a maximum of Rs 46,400 in July 2014 and coming to a low of Rs 33,700 in December. The average price has hovered around the Rs 40,000 in the last year.

    The current market rate offers an excellent opportunity to invest in silver as costs are expected to go up in the near future.

    Places to Buy Silver in Kolkata

    Buying silver in Kolkata is not a hard task and one can purchase it at any of the major jewelers across town. Some of the bigger jewelers who offer good rates on silver are Nisso’s, Jalan Debi Dutt Jewellers, Saraf Jewellers, Senco Jewellery Palace and Balajis. Some of the bigger banks also sell silver which can be purchased from specified branches. Smaller jewelers and pawn shops which sell silver can be found across the city, catering to the needs of individual clients.

    Also Know: Gold Rate in Kolkata

    Read more on Silver

    News about Silver Rate in Kolkata

    • Silver prices rise on scattered demand, gold rates stable

      When trading commenced for the day in New Delhi, the yellow metal prices were recorded holding steady at Rs.30,450 per 10 gram on Wednesday. The reason for the steady price can be attributed to scattered purchases despite the poor trends overseas. Silver, however, saw prices rebounding to Rs.39,850 per kg owing to an increase in demand from industrial units and coin manufacturers in the domestic market. However, gold prices plunged by 0.33% to $1,312.80 per ounce and the industrial metal dropped by 0.64% to $17.04 per ounce in the global markets.

      3rd January 2018

    • Price of gold and silver rise as US attacks a Syrian airfield

      The Donald Trump-led US government decided to attack a Syrian airfield after the executive powers at the middle-eastern nation used chemical attacks on its citizens.

      Apparently, prices of gold and silver rose by 1% after the US launched over 50 tomahawk missiles and destroyed an airfield in Russia-allied Syrian territory.

      While gold prices went up by 1.07%, silver prices went up by 1.02% as people began investing in these metals, which are considered a safe haven in times of uncertainty.

      Prices of crude oil also rose by nearly 0.7% after the US attack. However, currencies remained vastly unchanged as pound remained more or less the same against the dollar.

      10 April 2017

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