Silver Rate in Kolkata

Silver is emerging quickly as a practical Invesment option as demand for the white metal is booming in retail and industrial sectors. The value of silver is generally calculated per kg, and the silver rate in Kolkata is dependent on local demand and global economic factors. The value of the metal has a inverse correlation with the value of the US dollar. A more detailed guide regarding silver prices in Kolkata can be found below.
  • Today's Silver Rate in Kolkata( 18 Sep 2019 )
    ₹ 50.5
    Today's Silver Rate per gram
    Compare Silver Rate In Kolkata (Today & Yesterday)
    (18 Sep 2019)
    (17 Sep 2019)
    Rate Change
    Silver (1 gram) ₹ 50.5 ₹ 50.4 ₹ 0.1 ↑
    Bar Silver (1 Kg) ₹ 50,500 ₹ 50,400 ₹ 100 ↑
    Silver Price In Kolkata For Last 10 Days
    Date Silver (1 gram) Bar Silver (1 Kg)
    18 Sep 2019 ₹ 50.5 ₹ 50,500
    17 Sep 2019 ₹ 50.4 ₹ 50,400
    16 Sep 2019 ₹ 50.4 ₹ 50,400
    15 Sep 2019 ₹ 48.7 ₹ 48,700
    14 Sep 2019 ₹ 48.7 ₹ 48,700
    13 Sep 2019 ₹ 50.5 ₹ 50,500
    12 Sep 2019 ₹ 50.8 ₹ 50,800
    11 Sep 2019 ₹ 51.2 ₹ 51,200
    10 Sep 2019 ₹ 50.5 ₹ 50,500
    09 Sep 2019 ₹ 51 ₹ 51,000

    Weekly & Monthly Graph of Silver Rate in Kolkata

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    *Disclaimer: Bankbazaar makes no guarantee or warranty on the accuracy of the data provided on this site, the prevailing rates are susceptible to change with Market value and provided on an as-is basis. Nothing contained herein is intended or shall be deemed to be investment advice, implied or otherwise. We accept no liability for any loss arising from the use of the data contained on this website.

    Silver Price in Kolkata

    Kolkata is the third largest metropolitan city in India and over 14 million people call it home. The erstwhile British capital of India is a hub of marketing and industries, accounting for a major chunk of investments made in the country. The city is deeply rooted in tradition and has a glorious, unparalleled history. Silver has held high value among Indians and has found multiple uses, making it one of the most versatile precious metals. Silver has been used since the early ages as a tool for payment, enhancing trade between India and the rest of the world and Kolkata was right at the center of this trade.

    Current silver rate in Kolkata depend on market conditions and vary according to demand and supply. Residents of Kolkata are one of the largest consumers of silver and fluctuating rates have not deterred them from purchasing this precious metal.

    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%

    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% 

    Also Check Silver Price in Metro Cities

    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.

    Silver Price Trend in Kolkata

    The price of silver varies according to market conditions and 1 kg of silver in Kolkata costs Rs 37,115 whereas 1 gm of silver costs Rs 39.70 (as of June 2015). Silver prices have been on a roller coaster ride over the last year, reaching a maximum of Rs 46,400 in July 2014 and coming to a low of Rs 33,700 in December. The average price has hovered around the Rs 40,000 in the last year.

    The current market rate offers an excellent opportunity to invest in silver as costs are expected to go up in the near future.

    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

    • >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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