Silver Rate in Kolkata Today Last Updated : 26 Jan 2021

  • Today's Silver Rate in Kolkata( 26 Jan 2021 )

    ₹ 66.7
    Today's Silver Rate per gram

    Compare Silver Rate In Kolkata (Today & Yesterday)

    Today
    Yesterday
    Rate Change
    Silver (1 gram) ₹ 66.7 ₹ 71.4 ₹ -4.7 ↓
    Bar Silver (1 Kg) ₹ 66,700 ₹ 71,400 ₹ -4,700 ↓

    Silver Price In Kolkata For Last 10 Days

    Date Silver (1 gram) Bar Silver (1 Kg)
    25 Jan 2021 ₹ 66.7 ₹ 66,700
    24 Jan 2021 ₹ 71.4 ₹ 71,400
    23 Jan 2021 ₹ 71.4 ₹ 71,400
    22 Jan 2021 ₹ 71.5 ₹ 71,500
    21 Jan 2021 ₹ 72.5 ₹ 72,500
    20 Jan 2021 ₹ 71.2 ₹ 71,200
    19 Jan 2021 ₹ 70.6 ₹ 70,600
    18 Jan 2021 ₹ 69.7 ₹ 69,700
    17 Jan 2021 ₹ 69.7 ₹ 69,700
    16 Jan 2021 ₹ 65 ₹ 65,000

    Weekly & Monthly Graph of Silver Rate in Kolkata

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    *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 rate in Kolkata 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.

    Today's Gold Rate in Kolkata

    Historical Trend of Silver Price in Kolkata

    Months Lowest Silver Price Per Kg Highest Silver Price Per Kg
    December 2020 59,000 72,300
    November 2020 59,100 66,100
    October 2020 60,210 63,500
    September 2020 58,500 76,500
    August 2020 65,010 76,520
    July 2020 48,510 66,060
    June 2020 47,110 50,160
    May 2020 41,010 51,400
    April 2020 40,360 42,710
    March 2020 37,800 50,700
    February 2020 47,400 52,900
    January 2020 49,200 52,600

    Trend of Silver Rate in Kolkata for December 2020 (rates per kg)

    Parameters Silver Price (per kg)
    December 1 Rate Rs.64,600 per kg
    December 31 Rate Rs.72,300 per kg
    Highest Rate in December Rs.74,100 per kg on 21 December
    Lowest Rate in December Rs.63,400 per kg on 10 December
    Overall Monthly Performance Incline
    Percentage Change 11.9%
    • Silver rate in Kolkata was Rs.64,600 per kg on 1 December 2020 and showed a positive trend during the month. After hitting its lowest price for the month on 10 December at Rs.63,400 per kg, the price of the metal fluctuated heavily.
    • With expectations of additional stimulus packages and COVID-19 cases rising in different countries, the price of the white metal increased to hit its highest of the month on 21 December at Rs.74,100 per kg.
    • At the end of December, the value of silver dipped marginally and closed the month at Rs.72,300 per kg on 31 December and recorded an overall incline percentage of 11.9.

    Trend of Silver Rate in Kolkata for November 2020 (rates per kg)

    Parameters Silver Price (per kg)
    November 1 Rate Rs.60,100 per kg
    November 30 Rate Rs.63,300 per kg
    Highest Rate in November Rs.70,000 per kg on 7 November
    Lowest Rate in November Rs.60,100 per kg on 1 November
    Overall Monthly Performance Incline
    Percentage Change 5.32%
    • In Kolkata, silver opened at Rs.60,100 per kg on 1 November and increased to its highest price of the month on 7 November at RS.70,000 per kg due to a rise in COVID-19 cases all over the world and lower risk appetite.
    • During the middle of the month, gold prices fluctuated heavily as the rise of COVID-19 affected many countries all over the world.
    • The price of silver had increased marginally at the end of the month, closing at Rs.63,300 per kg on 30 November and recorded a percentage incline of 5.32.

    Trend of Silver Rate in Kolkata for October 2020 (rates per kg)

    Parameters Silver Price (per kg)
    October 1 Rate Rs.60,700 per kg
    October 31 Rate Rs.61,000 per kg
    Highest Rate in October Rs.63,500 per kg on 21 October
    Lowest Rate in October Rs.60,210 per kg on 8 October
    Overall Monthly Performance Incline
    Percentage Change 0.49%
    • On 1 October, silver price in Kolkata was Rs.60,700 per kg and dipped to its monthly low at Rs.60,210 per kg on 8 October as the value of the U.S. dollar increased in the market.
    • After constant fluctuations throughout the month, the white metal’s price increased to hit its highest on 21 October at Rs.63,500 per kg.
    • At the end of the month, silver prices dipped from its monthly high and closed at Rs.61,000 per kg and recorded an overall percentage incline at 0.49.

    Trend of Silver Rate in Kolkata for September 2020 (rates per kg)

    Parameters Silver Price (per kg)
    September 1 Rate Rs.76,500 per kg
    September 30 Rate Rs.62,500 per kg
    Highest Rate in September Rs.76,500 per kg on 1 September
    Lowest Rate in September Rs.58,500 per kg on 24 September
    Overall Monthly Performance Decline
    Percentage Change -18.30%
    • Silver rate in Kolkata opened the month of September at Rs.76,500 per kg which was the highest price of the metal in the month.
    • With the dollar value recovering in the market, silver prices declined throughout the rest of the month, hitting its lowest on 24 September at Rs.58,500 per kg.
    • At the end of September, silver prices recovered marginally and crossed the Rs.60,000 per kg mark at Rs.62,500 per kg. However, the metal recorded an overall decline in prices by 18.30%.

    Trend of Silver Rate in Kolkata for August 2020 (rates per kg)

    Parameters Silver Price (per kg)
    August 1 Rate Rs.65,010 per kg
    August 31 Rate Rs.66,370 per kg
    Highest Rate in August Rs.76,520 per kg on 8 August
    Lowest Rate in August Rs.65,010 per kg on 1 and 13 August
    Overall Monthly Performance Incline
    Percentage Change 2.09%
    • The silver rate in Kolkata was at Rs.65,010 per kg on 1 August 2020 and was at its lowest on 1 August at the same rate and 13 August.
    • Silver price increased to hit its highest price of the month on 8 August, crossing the Rs.75,000 per kg mark at Rs.76,520 per kg on a weak dollar value in the market.
    • At the end of the month, silver prices declined gradually due to the dollar value recovering in the market and closed at Rs.66,370 per kg on 31 August.

    Trend of Silver Rate in Kolkata for July 2020 (rates per kg)

    Parameters Silver Price (per kg)
    July 1 Rate Rs.48,560 per kg
    July 31 Rate Rs.63,010 per kg
    Highest Rate in July Rs.66,060 per kg on 30 July
    Lowest Rate in July Rs.48,510 per kg on 5 July
    Overall Monthly Performance Incline
    Percentage Change 29.75%
    • Silver price in Kolkata at the beginning of July was Rs.48,560 per kg and showed an inclining trend throughout the month. On 5 July, the metal hit its lowest price of the month at Rs.48,510 per kg.
    • With the persisting geopolitical tensions between China and the United States of America, the silver rate increased and hit its highest price of the month on 30 July at Rs.66,060 per kg.
    • On the last day of the month, silver closed at Rs.63,010 per kg on 31 July with an overall incline of 29.75%.

    Trend of Silver Rate in Kolkata for June 2020 (rates per kg)

    Parameters Silver Price (per kg)
    June 1 Rate Rs.50,120 per kg
    June 30 Rate Rs.48,510 per kg
    Highest Rate in June Rs.50,160 per kg on 2 June
    Lowest Rate in June Rs.47,110 per kg on 16 June
    Overall Monthly Performance Decline
    Percentage Change -3.21%
    • In Kolkata, silver prices showed an overall decline in the month due to the equity market recovering marginally and the economy of many countries reopening. The price of the metal opened at Rs.50,120 per kg on 1 June and by the middle of the month had reduced to below the Rs.48,000 per kg mark.
    • With the international markets recording fluctuating prices, the white metal showed further declines due to subdued local demand and the metal hit its lowest on 16 June at Rs.47,110 per kg.
    • In the second half of June, silver prices in Kolkata fluctuated, increasing above the Rs.48,000 per kg mark and closing the month with a percentage decline of 3.21 at Rs.48,510 per kg.

    Trend of Silver Rate in Kolkata for May 2020 (rates per kg)

    Parameters Silver Price (per kg)
    May 1 Rate Rs.42,530 per kg
    May 31 Rate Rs.50,100 per kg
    Highest Rate in May Rs.51,400 per kg on 25 May
    Lowest Rate in May Rs.41,010 per kg on 2 May
    Overall Monthly Performance Incline
    Percentage Change 17.79%
    • In the city of Kolkata, silver prices opened the month of May at Rs.42,530 per kg and showed fluctuating trends throughout the month. With geopolitical tensions rising all around the world, the safe-haven appeal of silver increased. In the first week of the month, after opening at Rs.42,530 per kg on 1 May, the price of the metal showed a substantial decline on 2 May at Rs.41,010 per kg, dipping by more than Rs.1,000 per kg. With risk appetite increasing amongst investors, the price of the metal dipped due to its decreasing demand. With this, the price of the metal increased marginally on 3 May to Rs.41,210 per kg and further increasing to Rs.41,220 per kg on 4 May. The price of the metal recovered marginally with poor economic data being released from the United States of America, boosting silver prices at Rs.41,520 per kg on 5 May. On 6 May, the price of the metal dipped to Rs.41,310 per kg, however, recovering on the last day of the week and closing at Rs.42,010 per kg on 7 May.
    • Opening the second week of the month, silver prices showed constant fluctuations, increasing marginally to Rs.42,060 per kg on 8 May and further increasing substantially to cross the Rs.43,000 per kg mark to Rs.43,510 per kg on 9 May. The metal’s safe-haven appeal increasing in the market, resulted in the continuous incline of the metal’s price, increasing further to Rs.43,610 per kg on 10 May and was priced at Rs.43,630 per kg on 11 May. However, in the latter half of the month, the price of the metal dipped yet again, from Rs.43,620 per kg to Rs.43,090 per kg on 12 May and further to Rs.42,950 per kg on 13 May, dipping below the Rs.43,000 per kg levels. Investors shifted focus to the equities market and oil with higher risk appetite. However, the price of silver recovered marginally, to cross the Rs.43,000 per kg mark on 15 May and closing the second week at Rs.43,160 per kg.
    • The price of the metal in the third week of the month opened with an incline of Rs.3,740 per kg, at Rs.46,900 per kg on 16 May. With risk appetite at a low and tensions rising between China and the United States of America, investors stayed away from riskier bets and inclined towards the bullion market. The price of the metal, however, dipped on 17 May to Rs.46,710 per kg with renewed optimism of a recovering economy, which increased risk appetite amongst investors. On 18 May, the price of the precious metal increased marginally to Rs.46,720 per kg, further increasing and crossing the Rs.48,000 per kg mark at Rs.48,500 per kg on 19 May. Dipping below the Rs.48,000 per levels, silver, on 20 May was priced at Rs.47,670 per kg. However, on the last day of the week, silver prices increased yet again at Rs.48,350 per kg, closing the week at the same price on 23 May.
    • Silver prices in the last week of the month opened at Rs.48,360 per kg on 24 May, increasing substantially to hit the highest price of the week and the month at Rs.51, 400 per kg. With trade relations being strained between China and the United States of America and the latter seeing riots breaking out in various states, risk appetite amongst investors dropped to a great extent. However, on 26 May, the price of the white metal dipped and was at Rs.48,000 per kg. After continuous fluctuations in its price, silver had dropped below the Rs.48,000 per kg mark, at Rs.47,910 per kg on 28 May and 29 May. The price of the metal recovered on 30 May, increasing to Rs.48,560 per kg on 30 May and closing the week and the month at Rs.50,100 per kg on 31 May, with an overall monthly incline of 17.79%.

    Also Check Silver Price in Metro Cities

    Trend of Silver Rate in Kolkata for April 2020 (rates per kg)

    Parameters Silver Price (per kg)
    April 1 Rate Rs.40,500 per kg
    April 30 Rate Rs.41,520 per kg
    Highest Rate in April Rs.42,710 per kg on 21 April
    Lowest Rate in April Rs.40,360 per kg on 6 April
    Overall Monthly Performance Incline
    Percentage Change 2.51%
    • Silver rates in Kolkata opened at Rs.40,500 per kg on 1 April and showed an overall incline trend throughout the month due to various global and local factors. Even though the rate of the metal remained steady for the first week of the month due to the imposed lockdown in the country to prevent the spread of COVID-19, the metal’s prices recovered from losses and ended the month with an inclining trend. On 6 April, silver saw changes in its price for the first time in a week and dipped marginally to Rs.40,360 per kg and closed the week at Rs.40,370 per kg with a marginal increase in prices. The dip in the metal’s price was due to fluctuating prices in the international market due to COVID-19 and the value of the U.S. dollar in the market.
    • With constant fluctuations in its price, silver saw a steady trend in the second week of the month. On 8 April, the price of the white metal was Rs.41,290 per kg and decreased during the rest of the week. By 10 April, the metal’s price had dipped Rs.190 per kg to be priced at Rs.41,000 per kg and remained steady until 13 April. On 14 April, silver prices increased marginally to Rs.41,310 per kg, further increasing to Rs.41,920 per kg by the end of the week on 15 April. The rise in prices was due to the metal’s haven appeal amongst investors with the number of new cases of COVID-19 rising in the country and all over the world. The stimulus packages being launched by the United States Federal Reserve and the central banks in the world boosted the price of silver in the country.
    • Silver prices in the third week of April showed continuous fluctuations in the international market reflecting the prices in the country. On 16 April, the price of silver was Rs.41,860 per kg dipping by Rs.550 per kg by 18 April to be priced at Rs.41,210 per kg. The drop in prices was due to the higher value of the dollar in the market owing to the lower number of new cases for COVID-19. However, on 19 April, a kilogram of silver dipped to Rs.41,160 per kg and then increased marginally to Rs.42,710 per kg on 21 April which was the highest price of the metal in the month. With a rise in equities, the price of silver gained momentum in the international market. On 24 April, silver closed the third week of the month at Rs.42,340 per kg.
    • The last week of April saw silver prices rising above the Rs.42,000 per kg mark, at Rs.42,540 per kg on 24 April and increasing to Rs.42,610 per kg on 26 April. This was majorly due to the stimulus packages launched by central banks to help the economy stabilise. However, with many countries easing lockdown restrictions and pushing to get the economy back on track, risk appetite amongst investors increased and resulted in a dip in the metal’s prices. On 29 April, a kilogram of silver was priced at Rs.41,510 per kg decreasing by Rs.700 per kg when compared to Rs.42,210 per kg on 28 April. On the last day, silver prices closed at Rs.41,520 per kg resulting in a percentage incline of 2.51 for the month.

    Trend of Silver Rate in Kolkata for March 2020 (rates per kg)

    Parameters Silver Price (per kg
    March 1 Rate Rs.47,400 per kg
    March 31 Rate Rs.40,500 per kg
    Highest Rate in March Rs.50,700 per kg on 6 March
    Lowest Rate in March Rs.37,800 per kg on 19 March
    Overall Monthly Performance Decline
    Percentage Change -14.5%
    • In the city of Kolkata, silver rates opened the month at Rs.47,400 per kg on 1 March and showed an overall declining trend for the month. On 2 March, the price of the metal increased to Rs.48,500 per kg and by 6 March, the metal had hit its highest price of the month at Rs.50,700 per kg. The rise in prices of the metal in the first week of the month was majorly due to the investors awaiting on a rate cut from the United States Federal Reserve to help mitigate the losses in the economy which occurred due to effect of the pandemic, Coronavirus. On 7 March, the price of the metal stood at Rs.50,500 per kg.
    • In the second week of March, the price of the white metal fluctuated to a great extent. With mixed trends in the market in the bullion market, traders started selling assets in exchange for cash to survive in a troubled economy. The price of the metal on 8 March was Rs.50,500 per kg and decreased to Rs.48,600 per kg by 12 March. However, silver prices showed a continuous decline in the second half of the week with investors resorting to cash hoarding and selling their assets. The price of silver declined to Rs.45,900 per gram on 13 March and further down to Rs.44,000 per kg on 14 March, closing the week at the same price on 15 March.
    • Silver prices started showing major declines in the third week of the month. With the effect of Coronavirus increasing all over the world and on the economy, the metal was priced at Rs.43,200 per kg on 16 March and decreased to hit its monthly low at Rs.37,800 per kg on 19 March. However, in the second half of the week, with the United States Federal Reserve announcing measures taken to help the country recover, investors shifted to the bullion market temporarily. This resulted in the incline in prices. On 21 March, the price of silver was Rs.40,100 per kg and increased to Rs.40,700 per kg on 23 March. However, the third week of the month ended at the metal being priced at Rs.40,500 per kg.
    • With uncertainties hovering around the markets all over the world, the price of the metal in the last week of the month was at Rs.40,500 per kg and remained steady throughout the week. On 31 March, the price of the precious metal was priced at Rs.40,500 per kg and ended the month with a percentage decline of 14.5.

    Trend of Silver Rate in Kolkata for February 2020 (rates per kg)

    Parameters Silver Price (per kg)
    February 1 Rate Rs.50,300 per kg
    February 29 Rate Rs.47,400 per kg
    Highest Rate in February Rs.52,900 per kg on 24 February
    Lowest Rate in February Rs.47,400 per kg on 29 February
    Overall Monthly Performance Decline
    Percentage Change -5.76%
    • With Coronavirus affecting the lives of many more people and spreading to other parts of the world, traders shifted their investments to the bullion market, raising the demand for silver. However, through the month, the price of silver fluctuated due to various global factors, the major of which was the virus and its outbreak. On 1 February, the price of silver opened at Rs.50,300 per kg on 1 February.
    • Silver prices increased in the second week of the month and by 13 February, it had increased to Rs.49,600 per kg in the city. With the number of victims increasing in China, the price of the metal remained steady on 14 February, increasing to Rs.50,000 per kg on 15 February. This was due to China reporting 5,000 new cases along with 121 people dying due to the outbreak. By 20 February, the metal’s prices had increased to Rs.52,100 per kg.
    • However, even though in the third week of the month, the price of the metal had shown an increase due to decrease in risk appetite and increased safe-haven demand, the metal showed a declining trend in the latter half of the week. By 26 February, the metal’s prices had decreased to Rs.51,200 per kg in the country.
    • Ending the month at a declining percentage of 5.76, the price of the metal closed the month at Rs.47,400 per kg on 29 February with investors took profits due to the constant rally in prices.

    Trend of Silver Rate in Kolkata for January 2020 (rates per kg)

    Parameters Silver Price (per kg)
    January 1 Rate Rs.50,300 per kg
    January 31 Rate Rs.50,200 per kg
    Highest Rate in January Rs.52,600 per kg on 8 January
    Lowest Rate in January Rs.49,200 per kg on 30 January
    Overall Monthly Performance Decline
    Percentage Change -0.19%
    • Silver price stood at Rs.50,300 per kg at the start of January in Kolkata. Compared to the previous week’s closing price, the rates were down by Rs.600 per kg.
    • The rates saw a lot of fluctuations over the month due to various reasons like the outbreak of coronavirus in China, geopolitical tensions in the Middle East and concerns regarding the trade deal between the United States and China.
    • The metal recorded its highest and lowest price for the month in the eastern metropolitan city on 8th and 30th January with every kilogram of the white metal costing Rs.52,600 and Rs.49,200 respectively.
    • In Kolkata, silver closed the month of January at Rs.50,200 per kg. The overall performance of the white metal was -0.19%, trending downwards.

    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.

    Trend of Silver Price in Kolkata

    Silver rate in Kolkata have seen some fluctuations due to prevailing economic conditions as well as local demand. Silver was priced at Rs.41,500 per kg in January and registered a steady rise, peaking at Rs.43,900 per kg when the month ended. Prices continued to climb during the next two months, reaching a high of Rs.44,100 per kg on 5 February before sluggish demand and high import costs derailed demand.

    The new financial year saw silver trade at Rs.41,000 per kg in April, though sluggish offtake remained. This downward trend was recorded during May and June as well, with prices dropping to Rs.39,400 per kg in June.

    There was a revival in demand during July, as rampant market uncertainty over Brexit and the U.S.-China trade deal dampened equity interest, as silver surged to Rs.44,900 per kg on 25 July to record a staggering 10.61% rise in value. August saw a further spike in demand, as industrial demand peaked despite a steady dollar, which generally lowers local demand. Silver price in Kolkata reached highs of Rs.52,200 per kg on 29 August, though demand petered down in September with the metal falling to Rs.48,500 per kg on 30 September.

    Factors Affecting Silver Rate in Kolkata

    Silver is prized in Kolkata for many reasons which determines the silver price in the city. Silver is worn as jewelry and given as gifts. It is also used for many different industrial purposes. Apart from this, there are also many external factors that affect the silver price in Kolkata some of which are given below:

    • Demand for silver among industries ranging from batteries to LED lights and services such as dentistry
    • Dollar rates can affect silver rates in Kolkata
    • Crude oil prices as plummeting crude oil prices can lead to a greater demand for safe-haven investments such as silver, which would increase silver prices in Kolkata
    • Geopolitical factors, such as the Covid-19 pandemic, can result in a dip or rise in price of silver in Kolkata

    Also Check Silver Price in NearBy Cities of Kolkata

    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.

    FAQs On Silver Rate in Kolkata

    1. How is the silver purity connected to silver rate in Kolkata?
    2. Silver price will always be more for silver of high quality and purity.

    3. What is the standard silver purity in Kolkata?
    4. The standard silver purity in Kolkata is 94.79% with that being the percentage of pure silver and the rest being other metals such as copper.

    5. Where will I get the best silver rate in Kolkata?
    6. It is best to buy silver from reputed or leading jewelers in Kolkata.

    7. Where can I buy silver bars in Kolkata?
    8. You can buy silver bars for investment in Kolkata from leading banks.

    9. Which has a lower silver price in Kolkata – silver coins or bullion bars?
    10. Silver bullion bars have a lower price than silver coins in Kolkata as it is less expensive to produce.

    Read more on Silver

    News about Silver Rate in Kolkata

    • Gold prices drop for the second consecutive time; silver prices follow suit

      The price of gold had dipped on 23 December for the second consecutive time between 19 December and 23 December. On the Multi Commodity Exchange, gold futures had dipped by 0.06% to Rs.50,050 per 10 grams. Silver prices had also fallen by 0.08% to Rs.66,280 per kg.

      Gold prices had previously recovered from the low of below Rs.48,000 per 10 grams. The value of spot gold in the country was higher on 22 December at Rs.50,380 per 10 grams.

      In the international market, spot gold had increased by 0.2% to $1,863.83 per ounce and U.S. gold futures were trading at $1,868.10 per ounce. Silver prices had increased by 1% in the market and were $25.38 per ounce.

      23 December 2020

    • Yellow metal price rises to Rs.49,340 per 10 gram; silver rates drop

      The price of gold rose by Rs.10 to Rs.49,340 per 10 gram from Rs.49,330 per 10 gram. The price of 22-carat gold, also grew to Rs.48,340 per 10 gram from Rs.48,330 per 10 gram.

      The price of 24-carat and 22-carat gold in Chennai was Rs.46,340 and Rs.50,770 respectively, while the price of the yellow metal in Mumbai for both 24-carat gold and 22-carat gold were recorded to be at Rs.48,350 and Rs.49,350 respectively. The price of 24-carat gold in Delhi was Rs.48,070, and the rate for 22-carat gold was Rs.52,660/ The price of the precious metal in Bengaluru for 24-carat gold was Rs.45,920, and for 22-carat gold was Rs.50,090.

      Meanwhile, the price of one kilogram of silver slipped by Rs.110, from Rs.64,010 to Rs.63,900. On the Multi Commodity Exchange (MCX), December gold futures dropped 0.19% to Rs.49,209 per 10 gm, while December silver futures traded at Rs.63,848 per kg.

      06 December 2020

    • Silver futures prices remain stable in India on 30 November 2020

      Silver futures prices on MCX remained stable in India on 30 November 2020 and were at Rs.60,388 for a kg. In the international markets, the prices of the white metal fell by 2.0% and were at $23.00 for an ounce. Spot gold prices in the country fell by 0.1% and were at Rs.48,800 for 10 grams. In the international markets, gold prices remained stable and were at $1,809 for an ounce. Gold futures prices on MCX in India rose by 0.19% and were at Rs.50,858 per 10 grams.

      30 November 2020

    • Gold and silver rates plunge due to higher risk appetite amidst hope of a vaccine

      Gold prices dipped by more than 5% on Monday as the news of the first late-stage COVID-19 vaccine with successful trials prompted investors to shift to the equities market. Spot gold had dropped by 4.9% at $1,854.44 per ounce and gold futures dipped by 4.9% as well at $1,855.30 per ounce.

      The equities market showed a positive trend after Pfizer Inc stated that its experimental vaccine was more than 90% effective.

      Silver prices also decreased substantially by more than 7% at $23.72 per ounce.

      09 November 2020

    • Gold rates reach Rs.53,350 and silver prices stand at Rs.60,700

      Gold rates had fallen from Rs.53,790 to Rs.53,350 and silver had been at Rs.60,700 per kg.

      In New Delhi, the rate of 22-carat gold was Rs.48,900 per 10 gm. In Chennai, the price had reached Rs.48,020. In Mumbai, the price had been Rs.48,980. The price of 24-carat gold in Chennai had been Rs.52,380. On the MCX, the gold futures for October had increased by 0.11% and reached Rs.50,626. The December silver futures had been Rs.61,941 per kg.

      Gold rates had dipped by Rs.389 and reached Rs.51,192 per 10 gram in Delhi and had tracked the weak global trend. During the previous trading rally, gold had closed at Rs.51,581 per 10 gram.

      Silver rates had reduced by Rs.466 and reached Rs.61,902 per kilogram. In the global market, gold had been trading at $1,892 per ounce. Silver had been trading at $23.81 per ounce.

      6 October 2020

    • Gold prices dip by Rs.614 and silver falls by Rs.1,898

      The gold prices had reduced by Rs.614 and reached Rs.50,750 per 10 grams amidst the low price for the metal in the global market. During the previous rally, the price had been closed Rs.51,364 per 10 grams. The silver rates had fallen by Rs.1,898 and reached Rs.59,720 per kilogram from the previous price of Rs.61,618 per kilogram.

      In the international market, the metal had been priced lower at $1,874 per ounce. Silver prices had also been low and reached $23.26 per ounce.

      23 September 2020

    • Gold rates decrease in the market; silver holds steady

      Domestic gold futures dipped by more than 1% on 17 September 2020 following a negative trend in the international market as the spot gold rates dropped. As the U.S. central bank stated that the interest rates will remain low, the value of the dollar rose in the market.

      On the Multi Commodity Exchange, the price of gold had dropped by 1.10% to Rs.51,252 per 10 grams. Silver prices dropped by 2.71% and were at Rs.66,919 per kg.

      In the international market, spot gold plummeted by 1.64% to $1,938.20 per ounce and silver prices declined substantially by 3.89% to $26.41 per ounce.

      17 September 2020

    • Gold and silver prices drop to lowest in 7 years

      According to reports, gold futures for October dropped by 0.4% on 13 August to Rs.52,036 per 10 grams, recording its second decline in a period of 3 days. On the Multi Commodity Exchange, silver futures increased to Rs.67,050 per kg, recording an incline of 0.4%.

      Gold prices in its previous session had increased by 0.7% while silver prices had increased by 0.06% due to fluctuating trends in the international market. On 11 August, gold futures on the MCX had dropped by 6% by Rs.3,200 per 10 grams.

      In the international market, spot gold was trading at a 1% high at $1,936.29 per ounce and previously gold prices had increased to hit an all-time high at $2,075.47 per ounce. Silver prices had also increased by 0.3% to $25.58 per ounce.

      13 August 2020

    • Gold rates cross the Rs.52,000 per 10-gram mark; silver prices trading in the Rs.65,000 per kg level

      Gold prices increased on 4 August from Rs.53.460 per 10 grams to Rs.53,650 per 10 grams. Silver prices as well increased from Rs.65,120 per kg to Rs.65,400 per kg. In the National Capital Region, the value of 22-karat gold increased to Rs.52,450 per 10 grams and in Mumbai, was valued at Rs.52,400 per 10 grams. In Chennai, the value of 24-karat gold was Rs.56,590 per 10 grams.

      On the Multi Commodity Exchange, gold futures increased by 0.41% to Rs.54,050 per 10 grams and silver futures for September was at Rs.65,790 per kg.

      With the rupee depreciating against the dollar by 20 paise and valued below the 75 per U.S. dollar level, gold was trading lower in the international market at $1,973 per ounce. Silver was trading flat at $24.30 per ounce.

      5 August 2020

    • Prices of silver hit Rs.61,200 for a kg on 22 July 2020

      Silver prices hit record highs and were at Rs.61,200 for a kg on 22 July 2020. The rate does not include making charges and GST. Silver futures prices for the month of September increased by 6.07% and were at Rs.61,280 per kg. Like silver, gold rates hit record highs as well and crossed the Rs.50,000-levels for 10 grams. Gold futures prices for the month of August on MCX hit record highs and were at Rs.50,085 for 10 grams. In the international markets, gold prices were at $1,860 for an ounce. The coronavirus outbreak and subsequent lockdown have ensured that investors move towards gold as a safe haven. According to various experts, the prices of the yellow metal are expected to hit the Rs.55,000-levels by Dhanteras.

      22 July 2020

    • Gold sees a fall in prices in the country; value of silver shows declines

      In the National Capital Region, gold saw a decline in prices by Rs.293 to Rs.49,072 per 10 grams due to the appreciation of the rupee against the dollar. The yellow metal had closed at Rs.49,365 per 10 grams in the previous session as declined as the rupee settled at 75.65 against the U.S. dollar, rising by 7 paise.

      Silver followed suit and showed a decline of Rs.598 per kg to be priced at Rs.48,075 per kg from Rs.49,3030 per kg in its previous session. On the other hand, the yellow metal showed a positive trend in the international market at $1,767 per ounce and silver was trading at $17.58 per ounce.

      According to Tapan Patel, Senior Analyst (Commodities), HDFC Securities, the rise in the number of cases and investors witnessing a delay in the economic recovery has resulted in the inclining trend of gold prices in the market.

      26 June 2020

    • Silver retailed for Rs.47,600 per kg on Thursday

      The white metal was retailed for Rs.47,600 per kg on Thursday. The rates slipped by Rs.100 as per the Indian Bullion and Jewellers Association. On the Multi Commodity Exchange (MCX), silver July futures rose by nearly 0.22 percent to cost Rs.48,436 per kilogram. In the international market, silver was trading at $17.45 per ounce.

      The rates of gold however jumped by Rs.210 and was trading at Rs.47,410 for every 10 gram. In the national capital, the price of 22-carat gold was Rs.46,200 for 10 grams. In Chennai and Mumbai, the rates were Rs.45,470 and Rs.46,050 respectively. On the MCX, August gold futures fell by 0.48 percent to cost Rs.47,338 for every 10 grams. Globally, gold was trading at $1,725 per ounce.

      It must be noted here that the price of gold jewellery vary across the country due to excise duty, state taxes, and making charges.

      18 June 2020

    • Futures of silver decline by Rs.163 for every kilogram on Friday

      On Friday, the prices of silver fell by Rs.163 per kg in futures trade as participants reduced their bets due to low demand at the spot market. The fall in the prices meant that every kilogram of silver was retailed for Rs.46,443. On the Multi Commodity Exchange, silver for delivery in December was trading lower in a business turnover of 2,840 lots. The delivery of the white metal in March next year was trading lower by Rs.128 in a business volume of 60 lots. In the global market, silver prices were trading higher by 0.31 per cent at $17.94 per ounce in New York. As per traders, silver prices are under pressure due to offloading of positions by participants due to weak demand in the market.

      20 September 2019

    • Silver Drops Ahead Of Key U.S. Fed Meeting and Profit Booking

      Silver prices in Kolkata followed a global trend as they fell on weakening demand and profit booking. Silver for September delivery dropped by Rs.196 or 0.45% to Rs.43,700 per kg in a turnover of 12,802 lots.

      Delivery for December meanwhile dropped by Rs.207 or 0.46% to Rs.45,023 per kg in a business turnover of 7,143 lots.

      There was a drop in the price of silver on the international market, with the metal trading 0.25% lower at $17.14 per ounce in New York.

      Bullion has been seeing a slump off-late, as investors book profits as gold and silver reach record highs.

      23 August 2019

    • Gold and silver prices drop due to weakened local and global demand

      Due to sluggish demand from local jewellers and reduced offtake from industrial units and coinmakers, the price of gold and silver saw a decrease on 29 July 2019. Prices of gold reduced by Rs.50 to Rs.35,720 per 10 grams and silver ended the day at Rs.41,900 per kg according to All India Sarafa Association.

      Spot gold was trading at a flat $1,419.40 an ounce and silver prices showed a marginal decrease at $16.44 per ounce in New York.

      The flat prices of the bullion in the global markets were majorly due to the wait in outcome of the United States and China trade talks. Apart from that, investors were also awaiting the outcome of the United States Federal Open Market Committee’s meeting which is to be held today and tomorrow.

      In New Delhi, the price of 99.5% pure gold and 99.9% pure gold had decreased by Rs.50 to Rs.35,550 per 10 grams and Rs.35,720 per 10 grams respectively. Sovereign gold was priced at Rs.27,500 per 8 grams.

      On 26 July, gold prices had increased by Rs.40 whereas the price of silver had decreased by Rs.150 to Rs.42,000 per kg in India. On 29 July, the silver ready price fell by Rs.100 to Rs.41,900 per kg and weekly-based delivery was advanced Rs.34 to Rs.41,186 per kg. Similarly, silver coins traded lower by Rs.1,000 at Rs.85,000 per kg for selling and Rs.84,000 per kg for buying.

      30 July 2019

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