Silver Rate in Kolkata Today Last Updated : 17 Oct 2021

  • Today's Silver Rate in Kolkata( 17 Oct 2021 )

    ₹ 67.4
    Today's Silver Rate per gram

    Compare Silver Rate In Kolkata (Today & Yesterday)

    Today
    Yesterday
    Rate Change
    Silver (1 gram) ₹ 67.4 ₹ 67.7 ₹ -0.3 ↓
    Bar Silver (1 Kg) ₹ 67,400 ₹ 67,700 ₹ -300 ↓

    Silver Price In Kolkata For Last 10 Days

    Date Silver (1 gram) Bar Silver (1 Kg)
    16 Oct 2021 ₹ 67.4 ₹ 67,400
    15 Oct 2021 ₹ 67.7 ₹ 67,700
    14 Oct 2021 ₹ 66.6 ₹ 66,600
    13 Oct 2021 ₹ 65.8 ₹ 65,800
    12 Oct 2021 ₹ 65.8 ₹ 65,800
    11 Oct 2021 ₹ 65.8 ₹ 65,800
    10 Oct 2021 ₹ 65.9 ₹ 65,900
    09 Oct 2021 ₹ 65.9 ₹ 65,900
    08 Oct 2021 ₹ 65.2 ₹ 65,200
    07 Oct 2021 ₹ 65.2 ₹ 65,200

    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.

    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
    September 2021 63,000 69,600
    August 2021 65,000 73,100
    July 2021 68,400 75,000
    June 2021 67,600 73,400
    May 2021 67,500 74,000
    April 2021 63,600 74,000
    March 2021 62,800 70,100
    February 2021 67,300 78,100
    January 2021 63,900 72,500
    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 September 2021 (rates per kg)

    Parameters Silver Price (per kg)
    September 1 Rate Rs.68,700 per kg
    September 30 Rate Rs.63,000 per kg
    Highest Rate in September Rs.69,600 per kg from 4 to 7 September
    Lowest Rate in September Rs.63,000 per kg on 30 September
    Overall Monthly Performance Decline
    Percentage Change -8.29%
    • 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)

    Parameters Silver Price (per kg)
    August 1 Rate Rs.73,000 per kg
    August 31 Rate Rs.68,400 per kg
    Highest Rate in August Rs.73,100 per kg on 4 August
    Lowest Rate in August Rs.65,000 per kg on 7 and 8 August
    Overall Monthly Performance Decline
    Percentage Change -6.30%
    • 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)

    Parameters Silver Price (per kg)
    July 1 Rate Rs.74,100 per kg
    July 31 Rate Rs.73,000 per kg
    Highest Rate in July Rs.75,000 per kg on 5 July
    Lowest Rate in July Rs.71,400 per kg on 28 July
    Overall Monthly Performance Decline
    Percentage Change -1.48%
    • 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)

    Parameters Silver Price (per kg)
    June 1 Rate Rs.72,600 per kg
    June 30 Rate Rs.72,900 per kg
    Highest Rate in June Rs.73,400 per kg on 23 June and from 25 - 27 June
    Lowest Rate in June Rs.67,600 per kg on 19 and 20 June
    Overall Monthly Performance Incline
    Percentage Change 0.41%
    • 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)

    Parameters Silver Price (per kg)
    May 1 Rate Rs.67,500 per kg
    May 31 Rate Rs.72,000 per kg
    Highest Rate in May Rs.74,000 per kg on 18 May
    Lowest Rate in May Rs.67,500 per kg on 1 May - 3 May
    Overall Monthly Performance Incline
    Percentage Change 6.66%
    • 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)

    Parameters Silver Price (per kg)
    April 1 Rate Rs.63,600 per kg
    April 30 Rate Rs.72,800 per kg
    Highest Rate in April Rs.74,000 per kg on 24 April – 26 April
    Lowest Rate in April Rs.63,600 per kg on 1 April
    Overall Monthly Performance Incline
    Percentage Change 14.46%
    • 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)

    Parameters Silver Price (per kg)
    March 1 Rate Rs.68,200 per kg
    March 31 Rate Rs.62,800 per kg
    Highest Rate in March Rs.70,100 per kg on 6 March and 7 March
    Lowest Rate in March Rs.62,800 per kg on 31 March
    Overall Monthly Performance Decline
    Percentage Change -7.91%
    • 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)

    Parameters Silver Price (per kg)
    February 1 Rate Rs.78,100 per kg
    February 28 Rate Rs.67,500 per kg
    Highest Rate in February Rs.78,100 per kg on 1 February
    Lowest Rate in February Rs.67,300 per kg on 5 February
    Overall Monthly Performance Decline
    Percentage Change -13.57%
    • 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)

    Parameters Silver Price (per kg)
    January 1 Rate Rs.72,000 per kg
    January 31 Rate Rs.69,800 per kg
    Highest Rate in January Rs.72,000 per kg on 1 January – 3 January
    Lowest Rate in January Rs.63,900 per kg on 9 January – 11 January
    Overall Monthly Performance Decline
    Percentage Change 3.05%
    • 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)

    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

    • Prices of silver futures on the MCX ease up

      On the Multi Commodity Exchange, the prices of silver futures saw a marginal let up by Rs.50, or a a percentage change of 0.08%, to settle finally at Rs.61,751 per kg. In the global markets, spot silver prices decreased by 0.1% to settle at $22.64 per ounce. In the Indian spot markets, silver was priced at Rs. 61,080 per kg on 8 October 2021.

      08 October 2021

    • Gold and silver prices today

      The price of gold remained steady at Rs.47,000 while the global price of the precious metal traded at $1816.7 having risen 0.18%.

      The price of silver, however, dropped 0.06% to $25.2 per Troy ounce while the price of platinum grew 0.05% to $1078.0 per Troy ounce.

      15 September 2021

    • Silver price trending at Rs.61,653 per kg

      The price of silver slipped in the national capital on Thursday. A kilo of the white metal cost Rs.61,653 after the rate recorded a decline of Rs.323. Gold price also recorded a decline of Rs.265 in the national capital to cost Rs.46,149 per 10 grams. This was in line with a fall in global prices and rupee appreciation. In the previous trade, gold closed at Rs 46,414 per 10 grams. In the opening trade on Thursday, the rupee appreciated 13 paise to 74.11 against the dollar. In the global market, gold and silver traded lower. The precious metals were trading at $1,785 and $23.65 per ounce.

      26 August 2021

    • Silver traded in green on Friday

      On Friday, the futures of silver traded in the green. However, the gains were capped by a firmer dollar. On the Multi Commodity Exchange (MCX), silver futures witnessed an increase of 0.10 percent and was trading at Rs.62,197 per kg. In the spot market, highest purity silver was priced at Rs.63,341.

      In the international market, the white metal witnessed an increase of 0.1 percent. Following the increase, an ounce of silver cost $23.25. Despite the incline, it headed for a third straight weekly decline.

      Among other metals, palladium and platinum witnessed gains of 0.5 and 0.7 percent.

      10 August 2021

    • India Spot Silver Rate on 22 July 2021

      Silver prices saw a decrease on Thursday alongside the fall of gold prices. Silver futures on the Multi-Commodity Exchange (MCX) fell roughly 0.22 percent, or Rs.147.9 per kg, to a price of 67239 per kilogram.

      22 July 2021

    • Minimal increase in spot gold and silver prices

      Prices of spot gold increased by 0.02% causing prices to settle at Rs.47160 from the previous price of Rs.47150. This was 0.4% lower than the previous weekly average of Rs.47350. Gold prices in India had a substantial dip on the Multi Commodity Exchange (MCX) by 0.4% to settle at Rs.46734 per 10 gram whereas in the previous trade it had increased by 0.18% or by Rs.186.9 per 10 gram. Silver futures on the MCX dipped by 0.6% or Rs.406.1 per kg to settle at Rs.67678 per kg.

      24 June 2021

    • Indian spot gold rate and silver price on Monday

      Price of spot gold in dropped to Rs.48720 which is 0.04% lower than what was recorded previously.

      Globa prices of gold also dropped by $1862.2 which was followed by slip.

      In international markets, price of gold fell today. Spot gold dropped by 0.82% to $1862.2 Silver prices also slipped 0.32% to $27.8 per Troy ounce.

      Prices of platinum also fell 0.52% to $1146.5 per Troy ounce.

      Price of gold prices in India dropped 0.75% to Rs.48350 per 10 gram. Silver futures slipped nearly 0.59% or Rs.423.8 per kg to Rs.71835 per kg.

      15 June 2021

    • Gold price today at Rs.47,880 per 10 gm, silver unchanged at Rs.71,400 a kg

      The rate for 22-carat gold grew to Rs.47,880 for 10 gm from Rs.47,680, while the price of silver remained unchanged Rs.71,400 per kg.

      The cost of 22-carat gold in New Delhi fell down to Rs.47,950 per 10 gm. In Chennai, it dropped to Rs. 46,150, while in Mumbai, the rate is Rs.47,880.

      The price for 24-carat gold, however, grew Rs.200 per 10 gram to Rs.48,880 from Rs.48,680. Prices of spot gold grew 0.3% to $1,893.75 per ounce

      11 June 2021

    • Today’s silver and gold prices

      The price of spot gold is Rs.47,600 which is higher by 0.16%.

      The price of spot gold in India rose aby 0.02% to end at Rs.47,600 despite global prices of gold dropping by 0.12% to end at $1907.1.

      Prices of global spot gold fell by 0.12% to end at $1907.1 per Troy ounce. Prices of silver rose 0.51% to $28.1 per Troy ounce.

      31 May 2021

    • Silver prices record a substantial drop; gold prices decline in the market

      In New Delhi, gold prices declined by Rs.212 to Rs.47,308 per 10 grams due to a decline in the international prices of the metal. In the previous session, gold had closed at Rs.47,520 per 10 grams.

      Silver prices recorded a substantial decline by Rs.973 to Rs.70,646 per kg compared to its closing price of the previous session at Rs.71,619 per kg.

      In the international market, gold prices were trading lower at $1,834 per ounce while silver prices recorded a flat trend at $27.34 per ounce.

      13 May 2021

    • Silver and gold rates record a marginal incline in the domestic markets

      Gold prices saw a marginal increase in the domestic markets on 22 April. The price of 22-karat gold increased by Rs.10 to Rs.46,210 per 10 grams compared to its previous closing price of Rs.46,200 per 10 grams.

      Silver prices gained Rs.1,500 to cross the Rs.70,000 per-kg mark at Rs.70,300 per kg. In Delhi, 22-karat gold was priced at Rs.46,600 per 10 grams and 24-karat gold was priced at Rs.50,820 per 10 grams. In Chennai, 24-karat gold was priced at Rs.49,170 per 10 grams and in Kolkata, the rate of gold was Rs.50,000 per 10 grams.

      Silver prices were at Rs.70,300 per kg in Delhi, Kolkata, and Mumbai. However, in Chennai and Hyderabad, the price of the white metal was Rs.73,900 per kg.

      In the international market, gold prices edged closer to the psychological level of $1,800 per ounce at $1,793.32 per ounce.

      23 April 2021

    • Gold prices trade at Rs.45,500 per 10 grams; silver prices record a flat trend

      Gold prices had reduced in the domestic market due to inflation tensions surrounding the U.S. economy after the $2 trillion jobs plan was announced by the U.S. government. Gold futures on the Multi Commodity Exchange was down by 0.11% at Rs.45,370 per 10 grams.

      Silver prices declined marginally by 0.02% to Rs.65,075 per kg. In the spot market, gold prices declined by more than Rs.800 at Rs.44,701 per 10 grams in New Delhi and this was immediately after its recovery in the market. Silver prices had previous gained Rs.1,071 at Rs.63,256 per kg.

      In the international market, silver prices increased by 0.2% to $25.01 per ounce and spot gold was trading flat at $1,728.60 per ounce.

      05 April 2021

    • Gold prices increase by Rs.241 while silver has an increase of Rs.781

      There was a rise in the price of gold by Rs.241 to settle at Rs.45,520 per 10 grams in New Delhi on 2 March 2021. In the previous trading session, the price of gold had closed at Rs.45,279 per 10 grams. There was a rise in the prices of silver as well by Rs.781 to settle at Rs.68,877 per kg. In the previous trading session, the price of silver had closed at Rs.68,096 per kg. In the international markets, the price of gold was stronger at $1,753 for an ounce while the price of silver was also high at $26.90 for an ounce.

      02 March 2021

    • Silver rates witness sharp decline

      The price of silver witnessed a sharp decline on Thursday. The rate of the white metal was down by Rs.6 for every 10 grams. Following the decline, 10 grams of silver cost Rs.696 in the national capital as a kilogram cost Rs.69,600. The price was similar in Mumbai and Kolkata while in Chennai a kilogram cost Rs.73,600.

      The price of gold was also down with 10 grams of the 24-karat gold costing Rs.46,690. 10 grams of 22-karat gold cost Rs.45,690. In the international market, the price of the yellow metal was up by 0.35 percent to cost $1,782.10 per ounce.

      18 February 2021

    • Silver rates slip in the bullion market

      The price of silver slipped in the country’s bullion markets on Thursday. The rates of the white metal were down by Rs.418 per kg as per Indian Bullion and Jewellers Association (IBJA). The price of gold also witnessed a fall with 10 grams of the yellow metal priced Rs.47,500. It needs to be mentioned here that the price of both the precious metals vary slightly from city to city.

      04 February 2021

    Silver Rate - Sitemap

    Silver Rate In Metro Cities
    Silver Rate In Other Capitals
    Silver Rate In Other Major Cities
    Silver Rate In States

    Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

    reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.