Silver Rate in Kolkata Today Last Updated : 06 Dec 2022

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.

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  • Today's Silver Rate in Kolkata (06 Dec 2022)

    ₹ 70.8
    Today's Silver Rate per gram

    Compare Silver Rate In Kolkata (Today & Yesterday)

    Today
    Yesterday
    Rate Change
    Silver (1 gram) ₹ 70.8 ₹ 72.5 ₹ -1.7 ↓
    Bar Silver (1 Kg) ₹ 70,800 ₹ 72,500 ₹ -1,700 ↓

    Silver Price In Kolkata For Last 10 Days

    Date Silver (1 gram) Bar Silver (1 Kg)
    06 Dec 2022 ₹ 70.8 ₹ 70,800
    05 Dec 2022 ₹ 72.5 ₹ 72,500
    04 Dec 2022 ₹ 71.6 ₹ 71,600
    03 Dec 2022 ₹ 71.6 ₹ 71,600
    02 Dec 2022 ₹ 70.5 ₹ 70,500
    01 Dec 2022 ₹ 69.8 ₹ 69,800
    30 Nov 2022 ₹ 68 ₹ 68,000
    29 Nov 2022 ₹ 68 ₹ 68,000
    28 Nov 2022 ₹ 67.5 ₹ 67,500
    27 Nov 2022 ₹ 67.5 ₹ 67,500

    Weekly & Monthly Graph of Silver Rate in Kolkata

    • 7 Days
    • 30 Days
    • 3 Months
    • 6 Months

    *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.

    Today's Silver Price in Kolkata

    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 today 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.

    Check - Gold Rate in Kolkata

    Historical Trend of Silver Price in Kolkata

    Months Lowest Silver Price Per Kg Highest Silver Price Per Kg
    November 2022 65,300 68,500
    October 2022 65,200 68,500
    September 2022 65,300 68,400
    August 2022 65,200 68,500
    July 2022 65,100 68,400
    June 2022 65,200 68,500
    May 2022 63,400 69,500
    April 2022 68,800 75,200
    March 2022 70,000 77,600
    February 2022 64,900 70,600
    January 2022 64,300 69,300
    December 2021 64,600 66,300
    November 2021 66,500 71,700
    October 2021 63,700 70,300
    September 2021 63,000 69,600
    August 2021 65,000 73,100
    July 2021 68,400 75,000

    Trend of Silver Rate in Kolkata for October 2022 (rates per kg)

    Parameters Silver price (per kg)
    Parameters Silver Price (per kg)
    October 1 Rate Rs.62,000 per kg
    October 31 Rate Rs.63,000 per kg
    Highest Rate in October Rs.67,000 per kg on 5 October
    Lowest Rate in October Rs.60,500 per kg on 15 October and 16 October
    Overall Monthly Performance Incline
    Percentage Change 1.61%

    Trend of Silver Rate in Kolkata for September 2022 (rates per kg)

    Parameters Silver price (per kg)
    Parameters Silver Price (per kg)
    September 1 Rate Rs.58,000 per kg
    September 30 Rate Rs.61,500 per kg
    Highest Rate in September Rs.63,200 per kg on 23 September 2022
    Lowest Rate in September Rs.58,000 per kg on 1 September and 8 September 2022
    Overall Monthly Performance Decline
    Percentage Change 6.03%

    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.

    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.

    11. Will the silver price keep changing in Kolkata?

      Yes, the silver price in Kolkata will keep changing. The silver prices change on the basis of the fluctuations in the market, government tariffs and duties, etc.

    12. What are the options through which I can invest in Silver?

      You can invest in silver through Silver ETFs of the US Market, by purchasing silver jewellery, silver coins, antiques, through Silver Futures Trading, and so on.

    13. What are the factors that determine the price of silver in Kolkata?

      The price of silver is dependent on a number of factors such as the demand and supply of the precious metal, rates of interest, international political conditions, condition of the stock markets, government policies, and so on.

    14. Where can I buy silver in Kolkata?

      You can visit any reputed jewellery store to purchase silver in Kolkata. Silver can be purchased in the form of bars, coins, and jewellery. In addition to this, you can also consider visiting the official websites of branded and trusted jewellers and make online purchases for silver.

    15. What is the best time to purchase silver in Kolkata?

      There is no pre-determined timeframe for buying silver. You can invest in precious white metal at any time of the year. However, keeping an eye on the market trends and buying when the silver prices are relatively low can be beneficial to you.

    News about Kolkata Silver Rate

    • Silver prices decline on 19 July

      The price of one kilogram of silver stood at Rs.55,600 on 19 July on major cities like Kolkata, Pune and Delhi, except Hyderabad, Chennai, and Bengaluru, where the same is sold at Rs.60,700.

      19 July 2022

    • Silver priced at Rs.63,500 per kg

      The price of silver settled at Rs. 57,800 on 4 July 2022. The gold rate was steady and trading at Rs.52,340 per 10 grams.

      04 July 2022

    • Silver price slips below Rs.62,000

      Silver futures on Multi Commodity Exchange (MCX) dropped to 0.59% or Rs.366 at Rs.61,933 per kg.

      07 June 2022

    • Silver futures prices rise by 0.03% on 24 May 2022

      Silver prices futures on the Multi Commodity Exchange (MCX) rose by 0.03% or Rs.18 and are trading at Rs.61,321 for a kg. As per the Indian Bullion and Jewellers Association, silver prices in the spot market were trading at Rs.62,206 for a kg on 23 May 2022. In the global markets, spot silver prices fell by 0.3% and were at $21.71 for an ounce.

      24 May 2022

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