Silver Rate in Kolkata

Today's Silver price in Kolkata :

  • 1 gram silver price is 50.00 Indian Rupee
  • 1 kg silver price is 50,000 Indian Rupee
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  • Today's Silver Rate in Kolkata( 23 Jan 2020 )
    ₹ 50
    Today's Silver Rate per gram
    Compare Silver Rate In Kolkata (Today & Yesterday)
    Today
    (23 Jan 2020)
    Yesterday
    (22 Jan 2020)
    Rate Change
    Silver (1 gram) ₹ 50 ₹ 49.8 ₹ 0.2 ↑
    Bar Silver (1 Kg) ₹ 50,000 ₹ 49,800 ₹ 200 ↑
    Silver Price In Kolkata For Last 10 Days
    Date Silver (1 gram) Bar Silver (1 Kg)
    23 Jan 2020 ₹ 50 ₹ 50,000
    22 Jan 2020 ₹ 49.8 ₹ 49,800
    21 Jan 2020 ₹ 51 ₹ 51,000
    20 Jan 2020 ₹ 50.7 ₹ 50,700
    19 Jan 2020 ₹ 50.4 ₹ 50,400
    18 Jan 2020 ₹ 50.4 ₹ 50,400
    17 Jan 2020 ₹ 50.4 ₹ 50,400
    16 Jan 2020 ₹ 50 ₹ 50,000
    15 Jan 2020 ₹ 50 ₹ 50,000
    14 Jan 2020 ₹ 49.7 ₹ 49,700

    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.

    Trend of Silver Rate in Kolkata for December 2019 (rates per kg)

    Parameters Silver Price (per kg)
    December 1 Rate Rs.48,100 per kg
    December 31 Rate Rs.50,900 per kg
    Highest Rate in December Rs.50,900 per kg on 31 December
    Lowest Rate in December Rs.46,400 per kg on 10 December
    Overall Monthly Performance Incline
    Percentage Change 5.82%
    • In Kolkata, the price of silver opened at Rs.48,100 per kg for the month of December. Silver prices in Kolkata saw an incline over the course of the month.
    • The prices of silver dropped from 2 December 2019 to 11 December as there were hopes that the trade deal between China and the US would be signed.
    • Silver prices hit its lowest rate on 10 December 2019 and touched Rs.46,400 for a kg. However, the prices of silver increased from 12 December 2019 due to trade concerns and the impeachment of the US President.
    • Silver prices touched its highest rate on the last day of the month and hit Rs.50,900 per kg. Overall, silver prices saw a gain of 5.82% in December.
    • Trend of Silver Rate in Kolkata for November 2019 (rates per kg)

      Parameters Silver Price (per kg)
      November 1 Rate Rs.50,500 per kg
      November 30 Rate Rs.48,100 per kg
      Highest Rate in November Rs.50,700 per kg on 2 and 3 November
      Lowest Rate in November Rs.47,200 per kg on 9 and 10 November
      Overall Monthly Performance Decline
      Percentage Change -4.75%
      • The price of silver was affected by the interest rate cut of the US Federal Reserve and it opened at a rate of Rs.50,500 per kg for the month of November.
      • The prices increased further on the 2nd day of the month when it went up to Rs.50,700 per kg. This is the highest recorded rate of the precious metal for the month of November. The major reason behind the hike was the US and Chine trade war.
      • On the 30th of November, the price of silver closed at the rate of Rs.48,100 per kg. There was an overall dip of –4.75% in the performance of the metal.

      Trend of Silver Rate in Kolkata for October 2019 (rates per kg)

      Parameters Silver Price (per kg)
      October 1 Rate Rs.47,400 per kg
      October 31 Rate Rs.50,000 per kg
      Highest Rate in October Rs.50,400 per kg on 26 and 27 October
      Lowest Rate in October Rs.47,400 per kg on 1 October
      Overall Monthly Performance Incline
      Percentage Change 5.4%
      • Silver rates traded at Rs.47,400 per kg in Kolkata on 1 October. The drop-in silver prices happened due to the rise in dollar as the US economy growing stronger while at the same time lowered interest in the white metal as a safe investment with the US-China trade war continuing. This was also the lowest rate in October.
      • Silver prices rose to its highest by the end of the month, at Rs.50,400 per kg, just as tensions between US and China eased as the dollar capped strong gains as well.
      • The end of the month saw a steady 5.4% incline in silver rates as the dollar weakened after interest rates were cut by the Federal Reserve. This was with the caveat that further rate cuts would be paused riding on hopes of a truce in the US-China trade war which led to the incline in silver prices by month end.

      Trend of Silver Rate in Kolkata for September 2019 (rates per kg)

      Parameters Silver price (per kg)
      September 1 Rate Rs.51,600 per kg
      September 30 Rate Rs.48,500 per kg
      Highest Rate in September Rs.55,200 per kg on 4 September
      Lowest Rate in September Rs.48,500 per kg on 30 September
      Overall Performance Decline
      Percentage Change -6%
      • Silver rates in Kolkata opened at Rs.51,600 per kg as steady industrial demand despite conflicting overseas cues bolstered bullion offtake.
      • Some fluctuations in demand were observed due to tensions in the Middle East, which drove up bullion demand and boosted prices to Rs.55,200 per kg on 4 September.
      • There was a momentary lull in demand as equity markets recovered and interest in safe-haven assets fell, resulting in silver prices dropped steadily despite steady industrial offtake.
      • The end of the month saw a continued fall in rates as retail demand plummeted on high import costs, with the metal ending the month at a monthly low of Rs.48,500 per kg on 30 September, with prices falling by 6% during the month.

      Trend of Silver Rate in Kolkata for August 2019 (rates per kg)

      Parameters Silver Price (per kg)
      August 1 Rate Rs.44,100 per kg
      August 31 Rate Rs.51,600 per kg
      Highest Rate in August Rs.52,200 per kg on 29 August
      Lowest Rate in August Rs.44,100 per kg on 1 August
      Overall Monthly Performance Incline
      Percentage Change 17%

      Also Check Silver Price in Metro Cities

      Trend of Silver Rate in Kolkata for July 2019 (rates per kg)

      Parameters Silver Price (per kg)
      July 1 Rate Rs.40,500 per kg
      July 30 Rate Rs.44,800 per kg
      Highest Rate in July Rs.44,900 per kg on 25 July
      Lowest Rate in July Rs.40,400 per kg on 2 July
      Overall Monthly Performance Incline
      Percentage Change 10.61%

      Trend of Silver Rate in Kolkata for June 2019 (rates per kg)

      Parameters Silver Price (per kg)
      June 1 Rate Rs.39,400 per kg
      June 30 Rate Rs.40,800 per kg
      Highest Rate in June Rs.41,500 per kg on 21 June
      Lowest Rate in June Rs.39,400 per kg on 1 and 2 June
      Overall Monthly Performance Incline
      Percentage Change 3.55%
      • There was a rose in silver offtake after the metal opened the month at Rs.39,400 per kg as renewed global uncertainty over the impact of trade disputes dented investor confidence in equity investments.
      • Silver rate in Kolkata rose to Rs.40,300 per kg on 6 June as the dollar dropped on weak U.S. jobs data, but a drop in local offtake resulted in prices falling marginally to Rs. 40,100 per kg from 14-18 June.
      • A steady U.S. dollar rate dampened interest from coin makers, but rising overseas industrial demand pushed prices up to Rs.41,500 per kg on 21 June. Local retail interest also rose on weak local equity performance, though prices dipped to Rs.41,200 per kg on 24 June.
      • Silver price in Kolkata dropped marginally as the month progressed as the dollar recovered and domestic industrial demand fell, resulting in the metal trading at Rs.40,800 per kg to record a 3.55% overall rise in value during the month.

      Trend of Silver Rate in Kolkata for May 2019 (rates per kg)

      Parameters Silver Price (per kg)
      May 1 Rate Rs.40,500 per kg
      May 31 Rate Rs.39,400 per kg
      Highest Rate in May Rs.40,500 per kg on 1 and 2 May
      Lowest Rate in May Rs.39,200 per kg from 20-22 May
      Overall Monthly Performance Decline
      Percentage Change -2.71%
      • Silver rate in Kolkata opened at Rs.40,500 per kg as sluggish industrial growth and weak retail demand capped price gains.
      • Despite safe-haven sentiment due to the ongoing Sino-U.S. trade tensions, a strengthening dollar rate led to a reduction in silver imports, especially among local industrial units and coin makers.
      • Silver rate in Kolkata fell steadily during the month, trading at Rs.39,700 per kg on 17 May as the Huawei crisis dented industrial orders, with prices plunging to Rs.39,200 per kg on 20 May.
      • Weak U.S. jobs data led to the dollar slipping as local interest in silver saw the metal trade at Rs.39,500 per kg on 27 May, but rates fell to Rs.39,400 per kg when the month ended.

      Trend of Silver Rate in Kolkata for April 2019 (rates per kg)

      Parameters Silver Price (per kg)
      April 1 Rate Rs.40,600 per kg
      April 30 Rate Rs.40,500 per kg
      Highest Rate in April Rs.41,000 per kg on 1 April
      Lowest Rate in April Rs.40,200 per kg on 15 and 24 April
      Overall Monthly Performance Decline
      Percentage Change -0.24%
      • The silver rate in Kolkata at the start of the month of April stood at Rs.40,600 per kg. The price remained stagnant from the end of the previous month.
      • As the local and industrial demand for the white metal rose amid a repressed dollar value, the price of silver in the city too inclined and traded at Rs.41,000 per kg on 9 April.
      • Following the surge, weak economic trends prevailed, and the value of silver then plummeted to Rs.40,200 per kg on 15 April. This was the lowest price point of the metal for the month.
      • Silver price in Kolkata then never really recovered, and stood at Rs.40,200 per kg on the 24th. This was also the lowest point for the metal in the month. The metal the marginally rose to Rs.40,500 per kg at the end of the month, recording a declining percentage trend of 0.24% for the month.

      Trend of Silver Rate in Kolkata for March 2019 (rates per kg)

      Parameters Silver Price (per kg)
      March 1 Rate Rs.42,700 per kg
      March 31 Rate Rs.40,600 per kg
      Highest Rate in March Rs.42,700 per kg on 1 March
      Lowest Rate in March Rs.40,200 per kg on 29 March
      Overall Monthly Performance Decline
      Percentage Change -4.91%
      • Demand for silver in Kolkata was weak as a recovering U.S. dollar and stagnant demand from local industrial units and coin makers reduced offtake during the month after the metal opened at Rs.42,700 per kg.
      • Prices dropped to Rs.41,000 per kg on 7 March as positive U.S. jobs data bolstered the equity market and reduced interest in bullion, with local demand unable to sustain prices.
      • Silver prices rose briefly to Rs.41,500 per kg on 12 March but constant fluctuations in overseas demand and static interest from the local retail sector saw prices drop to Rs.40,800 per kg on 18 March.
      • There was a momentary rise in price as silver traded at Rs.41,300 per kg on 23 March on a slump in the U.S dollar rate but declining demand capped gains as the metal ended the month at Rs.40,600 per kg to record a loss in overall value of 4.91%.

      Trend of Silver Rate in Kolkata for February 2019 (rates per kg)

      Parameters Silver Price (per kg)
      February 1 Rate Rs.43,900 per kg
      February 28 Rate Rs.43,300 per kg
      Highest Rate in February Rs.44,100 per kg on 5 February
      Lowest Rate in February Rs.42,700 per kg on 14 February
      Overall Monthly Performance Decline
      Percentage Change -1.36%
      • Despite steady local demand, silver prices in Kolkata dropped after opening at Rs.43,900 per kg due to demand vagaries and a fluctuating dollar rate.
      • Silver rose to Rs.44,100 per kg on 5 February on steady industrial demand and rising interest from investors looking to hedge against equity losses, but prices dropped to Rs.43,100 per kg on 12 February as the rupee fell heavily against the dollar.
      • Poor Asian offtake due to the ongoing Sino-U.S. trade dispute affected global demand, though fears over the economic impact of Brexit and geopolitical tensions in the U.S. boosted prices to Rs.43,900 per kg on 21 February.
      • Prices fell marginally as local demand dropped due to a recovering dollar, as overseas offtake was muted amidst positive economic data, resulting in silver trading at Rs.43,300 per kg on 28 February as the metal lost 1.36% in value during the month.

      Trend of Silver Rate in Kolkata for January 2019 (rates per kg)

      Parameters Silver Price (per kg)
      January 1 Rate Rs.41,500 per kg
      January 31 Rate Rs.43,900 per kg
      Highest Rate in January Rs.43,900 per kg on 30 and 31 January
      Lowest Rate in January Rs.41,400 per kg on 2 January
      Overall Monthly Performance Incline
      Percentage Change 5.78%
      Comparison for 1 gram Silver Rates for Kolkata January'19
      • A steady rise in retail demand and stable industrial offtake boosted silver rates in Kolkata after the metal opened at Rs.41,500 per kg on 1 January.
      • Fluctuations in the dollar rate due to market volatility as well as the government shutdown spurred greater interest in bullion as prices rose to Rs.42,700 per kg on 13 January.
      • Demand vagaries resulted in silver rates falling marginally as the metal traded at Rs.41,800 per kg on 22 January before rising local retail sales propped up prices.
      • Despite the dollar rising and markets stabilising after the shutdown ended, demand for silver continued to rise with the metal closing the month at Rs.43,900 per kg to record a 5.78% rise in value over the course of the month.

      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.

      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.

      Read more on Silver

    News about Silver Rate in Kolkata

    • 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

    • Prices of silver and gold  fall due to a decrease in local and global demand

      The Silver price decreased by Rs.100 to Rs.41,900 per kg as the offtake by industrial units and coin makers, reduced.

      Gold prices also fell by Rs.50 on 29 July 2019 in the Kolkata. The price of the yellow metal traded at RS.35,720 per 10 grams after the fall oweing majorly to a decrease in demand amongst local jewellers.

      Spot gold, in the global market, was trading at a flat $1,419.40 an ounce and silver saw a marginal decreased, priced at $16.44 an ounce in New York.

      As the investors were awaiting the verdict from the United States Federal Open Market Committee meeting, which was scheduled to happen on 31 July 2019, the demand for the bullion was flat.

      Silver rate in Kolkata had decreased by Rs.150 last week on 27 July to Rs.42,000 per kg, however, on Monday, the price of the white metal decreased by Rs.100 to Rs.41,900 per kg. Weekly-based delivery was advanced Rs.34 to Rs.41,186 per kg.

      29 July 2019

    • Gold and Silver Prices Rise

      The bullion market saw a marginal increase in the price of gold and an increase in the price of silver on Wednesday (19 June 2019).

      Gold prices rose by Rs.20 to Rs.33,740 per 10 grams and silver rose by Rs.130 to Rs.38,350 per 10 kilograms. This increase in prices was as per the information provided by All India Sarafa Association.

      According to traders, the increase in silver prices was due to an increase in purchases (during a particular period of time) made by coin makers and industrial units.

      In Delhi, gold of 99.9% purity and 99.5% purity increased by Rs.20 each and stood at Rs.33,740 and Rs.33,570 per 10 grams respectively.

      Silver coin prices were flat at Rs.80,000 for buying and Rs.81,000 for selling.

      Globally, spot gold traded lower at $1,343 per ounce and silver was $15.01 per ounce in New York.

      20 June 2019

    • 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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