Silver Rate in Lucknow Last Updated : 14 Aug 2020

Todays Silver price in Lucknow:

  • 1 gram silver price is 72.55 Indian Rupee
  • 1 kg silver price is 72,550 Indian Rupee
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  • Today's Silver Rate In Lucknow ( 14 Aug 2020 )

    ₹ 65.01
    Today's Silver Rate per gram

    Compare Silver Rate In Lucknow (Today & Yesterday)

    Today
    Yesterday
    Rate Change
    Silver (1 gram) ₹ 65.01 ₹ 72.55 ₹ -7.54 ↓
    Bar Silver (1 Kg) ₹ 65,010 ₹ 72,550 ₹ -7,540 ↓

    Silver Price In Lucknow For Last 10 Days

    Date Silver (1 gram) Bar Silver (1 Kg)
    13 Aug 2020 ₹ 65.01 ₹ 65,010
    12 Aug 2020 ₹ 72.55 ₹ 72,550
    11 Aug 2020 ₹ 75.16 ₹ 75,160
    10 Aug 2020 ₹ 74.22 ₹ 74,220
    09 Aug 2020 ₹ 74.21 ₹ 74,210
    08 Aug 2020 ₹ 76.52 ₹ 76,520
    07 Aug 2020 ₹ 73.51 ₹ 73,510
    06 Aug 2020 ₹ 71.51 ₹ 71,510
    05 Aug 2020 ₹ 65.06 ₹ 65,060
    04 Aug 2020 ₹ 65.41 ₹ 65,410

    Weekly & Monthly Graph of Silver Rate in Lucknow

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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 Lucknow

    Buying silver in India is usually associated only with jewelry and ornamentation, and not with investments. But the views on buying silver in Lucknow are changing as more people have greater access to real time updates and changes in silver rates and investment patterns. News, trends and updates are readily available to anyone who wants to study the same and make money investing in silver.

    The “golden city” as it’s called is home to over 4 million people and is a highly developed urban city. This large population is slowly moving on to precious metals as a form of long/short term investment. With a gradually growing interest in investing in precious metals like silver and gold, the people here are one step closer to financial success.

    Trend of Silver Rate in Lucknow 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%

    Trend of Silver Rate in Lucknow 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%

    Trend of Silver Rate in Lucknow 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%
    • Silver prices showed an overall monthly incline in May despite fluctuating trends, opening at Rs.42,530 per kg on 1 May. The price of the metal dipped on 2 May to below the Rs.42,000 per kg level, at Rs.41,010 per kg. With investors with higher risk appetite shifting to the stock market with positive trends shown in the Japanese equities market, the price of the metal dipped due to subdued demand. However, on 3 May, silver prices recovered marginally to Rs.41,210 per kg and further to Rs.41,220 per kg on 4 May. On 5 May, the price of the metal increased substantially 41,520 per kg with the value of the dollar dipping in the international market, supporting bullion prices. Silver prices increased on 6 May to Rs.41,310 per kg and closed the week, increasing and crossing the Rs.42,000 per mark, at Rs.42,010 per kg on 7 May.
    • In the second week of the month, silver prices opened on 8 May at Rs.42,060 per kg, increasing marginally. However, on 9 May, the price of the precious metal increased to Rs.43,510 per kg, increasing by more than Rs.1,000 per kg. The rise in prices was majorly due to the rise in COVID-19 cases all over the world which resulted in a low risk appetite amongst investors. Safe-haven demand for the metal rose, and the price of silver increased by Rs.100 to Rs.43,610 per kg on 10 May. Silver prices saw a gradual decline in the latter half of the week, dipping to Rs.43,090 per kg on 12 May, but not before increasing to Rs.43,620 per kg on 11 May. The metal’s value decreased further on 13 May to below the Rs.43,000 per kg mark, to Rs.42,950 per kg and closed the week at Rs.43,160 per kg on 15 May with a low dollar value, boosting bullion prices in the market.
    • Silver prices in the third week of the month showed heavily inclines based on investors shifting to the bullion market due to its safe-haven appeal. Opening the week at Rs.46,900 per kg on 16 May, the price of the metal increased by more than Rs.3,000 per kg with tensions rising between China and the United States of America concerning the security law being imposed on Hong Kong by China. The price of the metal showed continued inclines, but not before dipping to Rs.46,710 per kg on 17 May and increasing marginally to Rs.46,720 per kg on 18 May. The price of the metal increased by almost Rs.2,000 per kg on 19 May, at Rs.48,510 per kg with the value of the dollar dipping in the international market. However, on 20 May, the price of silver dipped and was Rs.47,670 per kg and increased yet again to cross the Rs.48,000 per kg mark at Rs.48,200 per kg on 21 May. With tensions rising between the two countries, the price of the metal showed continuous fluctuations and closed the week at Rs.48,350 per kg on 23 May after increasing to Rs.48,250 per kg on 22 May.
    • In the last week of May, silver prices recorded an overall weekly incline, opening at Rs.48,360 per kg on 24 May and increasing to hit its highest price of the week and the month at Rs.51,400 per on 25 May with tensions increasing between China and the United States of America and investors awaiting the decision from the White House. The price of the metal plummeted to Rs.48,000 per kg on 26 May, soon after hitting its highest of the month, due to investors with a higher risk appetite shifting to the equities market expecting a faster economic recovery. With more countries relaxing their lockdown restrictions, risk appetite amongst investors increased. However, on 27 May, the price of the white metal increased to Rs.48,700 per kg and decreasing yet again to Rs.47,910 per kg on 28 May. After remaining steady on 29 May, the price of the metal increased and closed the month at Rs.50,100 per kg on 31 May with riots occurring in most states in the United States of America and the increased political tensions between China and the U.S.

    Also Check Silver Price in NearBy Cities of Lucknow

    Trend of Silver Rate in Lucknow 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%
    • In Lucknow, the price of the silver showed fluctuating prices throughout April, recording an overall incline in prices by the end of the month. Opening at Rs.40,500 per kg, the price of the metal remained steady for 4 days, until 5 April due to the lockdown imposed in the country to prevent the spread of COVID-19 which resulted in the shutting of operations in major bullion trading centres in the country. On 6 April, the price of the metal dipped to Rs.40,360 per kg and increased marginally on the last day of the week, closing at Rs.40,370 per kg on 7 April. The dip in prices was majorly due to the value of the U.S. dollar rising in the international market which increased risk appetite amongst investors, prompting to shift to the stock market from the bullion market.
    • Silver prices in the second week, opened at Rs.41,290 per kg on 8 April and increased drastically by almost Rs.1,000 per kg with safe-haven demand for the metal increasing amidst lower risk appetite amongst investors due to rising cases of COVID-19 all over the world. On 9 April, the price of the metal dipped to Rs.40,960 per kg due to the rising dollar value in the international market. The price if the precious metal increased marginally to Rs.41,000 per kg on 10 April and further to Rs.41,100 per kg on 11 April, remaining steady on 12 April as well. Silver prices increased in the latter half of the second week, at Rs.41,160 per kg on 13 April and increasing to Rs.41,310 per kg on 14 April. With this inclining trend, the price of the metal increased until the end of the week, at Rs.41,920 per kg on 15 April with the rising number of deaths and cases due to COVID-19 kept investors with a lower risk appetite and invested in the bullion market with various central banks all over the world releasing stimulus packages to support the economy.
    • After crossing the Rs.41,900 per kg mark on 15 April, the price of silver dipped to Rs.41,860 per kg on 16 April and further increased to hit the Rs.41,900 per kg mark on 17 April. However, the price of the metal dipped drastically to Rs.41,210 per kg on 18 April, decreasing further to Rs.41,160 per kg on 19 April. The price of the metal dipped to a great extent over circulating reports of a possible cure for COVID-19. On 20 April, the price of silver was at Rs.41,170 per kg. However, after the reports concerning the treatment for COVID-19 were classified as false, risk appetite amongst investors decreased and the focus for the bullion increased yet again. Silver prices hit its highest of the month and the week on 21 April at Rs.42,710 per kg. On the last day of the week, silver prices were at Rs.41,660 per kg, with a significant dip in prices with investors booking profits amidst the high prices of the metal.
    • In the last week of the month, silver prices showed mixed trends in the international market. With risk appetite amongst investors at a low, the price of the metal opened at Rs.41,420 per kg on 23 April and increased to Rs.42,430 per kg on 24 April. The rise in prices was majorly due to the rising safe-haven demand of the metal. The price of the white metal increased on 25 April to Rs.42,540 per kg and increased marginally on 26 April to hit the Rs.42,600 per kg mark. After increasing slightly to Rs.42,610 per kg on 27 April, the price of the metal began to dip owing to speculations of possible relaxations in the lockdown. With many countries hinting at these relaxations and to restart the economy, the metal on 28 April was priced at Rs.42,210 per kg dipping by Rs.400 per kg. On the last day of the month and week, silver closed at Rs.41,520 per kg on 30 April, recording a percentage incline of 2.51 for the month.

    Trend of Silver Rate in Lucknow 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 capital city of Uttar Pradesh, silver prices for the month of March opened at Rs.47,400 per kg. Silver showed an overall decline in Lucknow for the month. In the first week of March, silver prices increased due to expectations of a rate cut by the US Federal Reserve. After increasing by Rs.1,100 on 2 March 2020, silver hit its highest price on 6 March 2020 and was at Rs.50,700 per kg. The white metal closed the week at Rs.50,500 for a kg.
    • In the second week of March, the prices of silver fluctuated to a great extent. The trend in the bullion market was mixed as investors sold their assets for cash. The troubled economy due to the coronavirus outbreak led to investors selling their assets. Silver opened the week at Rs.50,500 per kg but had reduced to Rs.48,600 per kg by 12 March 2020. Silver prices reduced further over the next two days and closed the week at Rs.44,000 for a kg.
    • Silver prices decreased substantially in the third week of March. With the coronavirus outbreak affecting the economy all over the world, silver rates reduced to Rs.43,200 per kg on 16 March and by 19 March hit its lowest rate for the month at Rs.37,800 per kg. The substantial decrease in prices was due to investors moving away from the bullion market. The prices of silver increased after 19 March and were at Rs.40,100 by 21 March 2020.
    • The US Federal Reserve introduced several measures to help the economy during the coronavirus pandemic. This ensured that the prices of silver did not fall for the rest of the month. From 24 March to 31 March, silver prices remained stagnant and were at Rs.40,500 for a kg. Overall, Lucknow saw silver prices decline by 14.5% in March.

    Trend of Silver Rate in Lucknow 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%
    • The silver rate in the city of Lucknow was Rs.50,300 per gram on 1 February and showed an inclining trend through the three weeks of the month. However, during the last week, silver rates plummeted due to profit-booking by investors given the fluctuating prices of the white metal in the global market. By 10 February, the price of the white metal had dipped to Rs.49,900 per kg due to investors with a higher risk appetite shifting to the stock market.
    • However, with the Coronavirus outbreak in Italy and South Korea, the price of the metal increased in the global markets due to increased safe-haven demand. On 13 February, silver was priced at Rs.49,600 per kg and increased marginally by Rs.400 to Rs.50,000 per kg on 16 February. The increase in prices was majorly due to the rise in the number of cases and the death toll increasing all over the world due to the virus outbreak.
    • On 18 February, silver prices increased to Rs.50,400 per kg with investors shifting to the bullion market amidst the virus and its effect on the economy. With technology giant, Apple reported a revenue warning and its business being affected by the virus in China, the demand for the white metal increased in the global market. However, on 20 February, silver prices surged by Rs.2,000 and were priced at Rs.52,100 per kg in the city.
    • The last week of the month saw mixed trends for metal and its prices all over the world. After increasing to Rs.52,300 per kg on 21 February and then to Rs.52,400 per kg the very next day, silver offtake showed positive signs in the global market. However, immediately after hitting the monthly high at Rs.52,900 per kg on 24 February, the price of the metal started to plummet. However, this was due to investors booking profit amidst the high price of the metal. Due to this, the metal’s prices decreased rapidly, closing at a low of Rs.47,400 per kg on 29 February.

    Trend of Silver Rate in Lucknow 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%
    • In Lucknow, the prices of silver for the month of January were affected by various factors such as the Middle East tensions, the trade deal concerns between China and the US, and the coronavirus concerns in China.
    • The prices of silver in Lucknow opened at Rs.50,300 on 1 January 2020 and closed at Rs.50,200 on 31 January 2020. Overall, silver prices in Lucknow decreased by 0.19% in January.
    • The tensions between Iran and the US ensured that the prices of silver increased at the beginning of the month. However, the signing of the trade deal and the coronavirus concerns ensured that the prices of silver reduced by the end of the month.

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    News About Silver Rate in Lucknow

    • A kilo of silver cost Rs.75,120 on Monday

      The silver price Lucknow climbed by Rs.960 on Monday. On the Multi Commodity Exchange (MCX), silver September futures were trading at Rs.75,120 per kg. In the global market, the price of the white metal fell by 1.2 percent to cost $27.96 per ounce. In this quarter, silver rates have gained by 60 percent.

      In the Indian commodity market, gold traded near record high on Monday after tracking weakness in overseas gold. On the MCX, gold futures were trading at Rs.54,999 per 10 gram after increasing by Rs.210. August futures of the yellow metal touched an intraday high of Rs.55,080. The price of 10 grams of the 24-karat gold stood at Rs.58,710 in Chennai and Rs.55,270 in Mumbai. In the global market, gold price steadied on Monday. Spot gold rates were down by 0.3 percent to cost Rs.2,028.90 per ounce while US gold futures increased by 0.6 percent to cost $2,039.20.

      10 August 2020

    • Gold prices hit record highs in more than 8 years; silver prices cross Rs.64,000 per kg mark

      Spot gold prices have inclined to cross the weekly average of Rs.50,332.86 per 10 grams by 1.17% after the value of the metal increased to Rs.50,910 per 10 grams.

      Gold prices in the global and Indian market increased, however the metal’s value in the Indian market showed a lesser growth rate of 0.02% compared to an international growth rate of 1.57%.

      On the Multi Commodity Exchange, gold futures increased by 1.37% to Rs.51,820 per 10 grams and had increased by 0.71%. Similarly, silver futures increased by more than Rs.3,000 at was priced at Rs.64,395 per kg. The value of spot gold had increased by Rs.709.93 compared to the previous closing price of the metal.

      The major reason for the incline in prices was the drop in the U.S. dollar value against other currencies where a rupee was priced at Rs.74.7 per dollar compared to Rs.74.8 in the previous session.

      28 July 2020

    • Gold and silver rise during latest trading session

      The August gold futures in India had risen and tracked positive trends in the international spot rates that had been on a high. The spot gold had been up at $1,818.53 per ounce, and this was a day after having risen to $1,820.06.

      On the Multi-Commodity Exchange (MCX), the August gold contracts had traded higher by 0.15% at Rs.49,100 per 10 gram. Gold and silver had then extended gains and the yellow metal had settled at $1,817.40 per troy ounce.

      21 July 2020

    • Silver outperforming gold in the market due to COVID-19

      In the past 14 days, silver prices have outperformed gold prices in the market. In India, the price of silver was trading at Rs.52,500 per kg which is the highest in 7 years. However, on the other hand, gold prices are trading at a 10-month high. The crisis of COVID-19 and its effect on the economy has impacted the price of the white metal and its mining to a dip in its supply.

      The value of the metal has been up by 18% in the previous 3 months and increased by 36% in the past year. The price has rebounded from the lows during March by 55% when its price was the lowest in the market in 11 years.

      Due to investors shifting away from riskier assets and towards the bullion, the metal’s price has increased to a great extent. The turnover of silver futures on a daily basis on the Multi Commodity Exchange is currently at its highest.

      With increasing applications in the industries of renewable energy, cables, solar chips, etc. The value of silver will run on high demand at an estimate of 888 million ounces between 2020 and 2030.

      15 July 2020

    • Gold falls below Rs.488 and silver reduces by Rs.1,168

      The rates of gold in Delhi had reduced by Rs.488 to Rs.49,135 per 10 gram. This was amidst the appreciation of the Indian Rupee. During the previous trade session, it had reached Rs.49,623. Silver had also gone below from Rs.51,494 per kg to by Rs.1,168 to Rs.50,326 per kg.

      The Indian Rupee had appreciated by 56 paise and had reached 75.04. In the international market, gold had been sold at $1,769.4 per ounce and silver was being sold at $17.90 per ounce.

      2 July 2020

    • Gold prices see a marginal rise while silver prices dip

      On 26 June, the price of gold showed a marginal incline from Rs.48,060 per 10 grams to Rs.48,070 per 10 grams. On the other hand, silver prices dipped from Rs.48,450 per kg to Rs.47,600 per kg, with a decline of Rs.850 per kg.

      In the capital city of New Delhi, the value of 22-karat gold was holding steady at Rs.46,810 per 10 grams and Rs.46,170 per 10 grams in Chennai. The value of 24-karat gold in Chennai was at Rs.50,380 per 10 grams.

      On the Multi Commodity Exchange, gold futures for August delivery dipped by 0.40% to Rs.47,941 per 10 grams and silver futures for July increased by 0.69% to be priced at Rs.48,116 per kg. Gold prices dipped by Rs.293 to Rs.49,072 per 10 grams in New Delhi due to the appreciation of the rupee.

      In the international market, gold was trading at $1,767 per ounce and silver was holding at $17.58 per ounce with the rising trend of COVID-19 cases all over the world which is affecting an already slow economy.

      26 June 2020

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