Silver Rate in Kolkata Today _{Last Updated : 17 Oct 2021}

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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

Trend of Silver Rate in Kolkata for September 2021 (rates per kg)

• Silver price is Kolkata at the start of the month was Rs.68,700 per kg. The price of the white metal was up by Rs.300 when compared to the previous month’s closing price.
• Over the month, silver price witnessed a lot of fluctuations in the metropolitan city. The highest and lowest price for the month was recorded on 4th and 30th September when a kilo cost Rs.69,600 and Rs.63,000 respectively.
• The precious metal closed the month at Rs.63,000 per kg. The overall performance witnessed in Kolkata was one of decline with the percentage change standing at –8.29%.

Trend of Silver Rate in Kolkata for August 2021 (rates per kg)

• Silver price is Kolkata at the start of the month was Rs.73,000 per kg. No change was recorded in the price of the precious metal when compared to previous month’s closing price.
• Over the month, the price of the white metal witnessed a lot of fluctuations in the metropolitan city. The highest and lowest price for the month was recorded on 4th and 7th August when a kilo cost Rs.73,100 and Rs.65,000 respectively.
• The precious metal closed the month at Rs.68,400 per kg. The overall performance witnessed in Kolkata was one of decline with the percentage change being -6.30%.

Trend of Silver Rate in Kolkata for July 2021 (rates per kg)

• Silver price is Kolkata opened at the rate of Rs.74,100 per kg for the month of July 2021.
• The highest rate of the precious metal was recorded on 5th July 2021 wherein it stood at the rate of Rs.75,000 per kg. The lowest rate of silver during the month was recorded on 28th July 2021 when a kilogram of the precious white metal was being traded at the rate of Rs.71,400 per kg.
• During the month, the price of silver witnessed an overall decline in its performance the percentage change standing at –1.48% in Kolkata.

Trend of Silver Rate in Kolkata for June 2021 (rates per kg)

• A kilogram of silver cost Rs.72,600 in Kolkata at the start of the month. The price charged for the precious metal on 1st June was up by Rs.600 when compared to the previous week’s closing price.
• Silver price recorded constant fluctuations in the metropolitan city throughout the month. The metal recorded its highest price for the month on 23rd June while the lowest was recorded on 19th June. A kilo cost Rs.73,400 and Rs.67,600 respectively on the mentioned dates.
• Silver price in Kolkata closed the month at Rs.72,900 per kg with the overall performance witnessing an inclining trend. The percentage change recorded in the rates stood at 0.41%.

Trend of Silver Rate in Kolkata for May 2021 (rates per kg)

• In Kolkata, during the first week of May, silver prices were at Rs.67,500 per kg between 1 May to 3 May with a mute trend seen in the domestic and international markets as investors waited for U.S. data on jobs and employment.
• Silver rate in Kolkata, however, increased during the second week and third week of May where it hit its highest at Rs.74,000 per kg on 18 May due to a weaker dollar value in the international market.
• At the end of May, the price of silver decreased and closed the month at Rs.72,000 per kg on 31 May, with an overall incline of 6.66%.

Trend of Silver Rate in Kolkata for April 2021 (rates per kg)

• In Kolkata, silver prices opened at Rs.63,600 per kg on 1 April and increased to Rs.65,900 per kg by the end of the first week. The white metal showed an inclining trend for the month due to a weaker dollar value in the market.
• With constant fluctuations throughout the month, the silver rate in Kolkata hit its highest on 24 April at Rs.74,000 per kg and held steady at the same rate till 26 April.
• At the end of the month, the white metal closed at Rs.72,800 per kg on 30 April and recorded an overall incline of 14.46%.

Trend of Silver Rate in Kolkata for March 2021 (rates per kg)

• The price of silver in Kolkata was Rs.68,200 per kg on 1 March and increased to hit its highest of the month on 6 March at Rs.70,100 per kg and was steady on the following day.
• Silver rate in Kolkata fluctuated heavily in the second and third week of the month due to the value of the U.S. dollar in the market and the rising cases of COVID-19 in the country.
• At the end of the month, the silver rate in Kolkata declined substantially and closed the month at Rs.62,800 per kg on 31 March and recorded an overall decline of 7.91%.

Trend of Silver Rate in Kolkata for February 2021 (rates per kg)

• In Kolkata, silver was priced at Rs.78,100 per on 1 February 2021 and showed an overall declining trend for the month. After recording its highest price on 1 February, the white metal’s price declined to its lowest on 5 February at Rs.67,300 per kg.
• The white metal’s value fluctuated throughout the month due to the constant change seen in the U.S. dollar value.
• At the end of February, silver rates closed the month at Rs.67,500 per kg and recorded an overall decline percentage of 13.57.

Trend of Silver Rate in Kolkata for January 2021 (rates per kg)

• Opening at Rs.72,000 per kg on 1 January, silver rate in Kolkata showed an overall declining trend for the first month of 2021. The price of the metal was at its highest from 1 January till 3 January at Rs72,000 per kg.
• However, with the value of the U.S. dollar recovering in the market, silver prices dipped to its lowest of the month at Rs.63,900 per kg on 9 January to 11 January. Investors awaiting the decision on monetary policy and additional stimulus packages resulted in a dip in the price.
• At the end of January, silver prices closed at Rs.69,800 per kg on 31 January and closed the month with a decline of 3.05%.

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

• 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)

• 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)

• 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)

• 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)

• 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)

• 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)

• 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)

• 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)

• 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)

• 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)

• 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)

• 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?

Silver price will always be more for silver of high quality and purity.

2. What is the standard silver purity in Kolkata?

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.

3. Where will I get the best silver rate in Kolkata?

It is best to buy silver from reputed or leading jewelers in Kolkata.

4. Where can I buy silver bars in Kolkata?

You can buy silver bars for investment in Kolkata from leading banks.

5. Which has a lower silver price in Kolkata – silver coins or bullion bars?

Silver bullion bars have a lower price than silver coins in Kolkata as it is less expensive to produce.

Read more on Silver

• Mining For Silver
• How To Know The Purity Of Silver
• Need For Silver In Industries
• Silver Bars And Coins For Purchase
• Why To Invest In Silver
• Silver Price in COMEX