Silver Rate In Malappuram

Silver Rate In Malappuram

Silver is one of the sought-after precious metals in India. Apart from the obvious demand and supply dynamics of the metal, silver rates in India are affected by various factors such as prevailing rates of other commodities on world markets and macroeconomic factors including growth of global economy in addition to developments in the Indian economy, import duties, current account deficit, inflation, debt and rupee-dollar fluctuations among others. It is important to note that the price of gold and silver, more often than not, move in tandem with international markets.

The white precious metal is popular in Malappuram. Silver has extensive use in various industries such as electronics. Silver is used for making traditional ornaments in addition to items used for ritualistic purposes on auspicious occasions. Silver jewellery in various forms is an integral part of the heritage and culture of Malappuram.

Trend of Silver Rate in Malappuram for November 2019 (rates per kg) 

• Silver price in Malappuram stood at Rs.50,500 per kg on 1st November. As the US Federal Reserve cut the interest rates, silver prices increased by Rs.500 per kg when compared to the previous month’s closing price.
• On 2nd November, silver recorded the highest price for the month with every kg costing Rs.50,700. The increase in the prices was accounted to the ongoing trade war between Washington and Beijing.
• The rates of the metal continued to see a lot of fluctuations over the month. Silver prices had dropped to its lowest for the month on 9 November with every kilogram costing Rs.47,200 before recovering.
• Silver prices in Malappuram closed the month at Rs.48,100 per kg with the overall performance being –4.75%, trending downwards.

Trend of Silver Rate in Malappuram for October 2019 (rates per kg) 

Trend of Silver Rate in Malappuram for September 2019 (rates per kg) 

Trend of Silver Rate in Malappuram for August 2019 (rates per kg)

Trend of Silver Rate in Malappuram for July 2019 (rates per kg)

Trend of Silver Rate in Malappuram for June 2019 (rates per kg)

• Silver prices opened at Rs.39,400 per kg on the first of the month. The prices gradually increased through the course of the week. However, the first week of June recorded the lowest prices for silver for the month due to low industrial demand for this white metal.
• Silver prices fluctuated in the second week of June due to the dip in the US dollar value. Towards the end of the week, prices began to rise again, and silver closed at Rs.40,100 per kg at the end of week 2.
• The third week of June recorded the highest price for silver at Rs.41,500 per kg on 21 June on account of talks of the US Federal Reserve rates being cut down.
• Silver closed at Rs.40,800 per kg at the end of the month with an incline of 3.55%.

Trend of Silver Rate in Malappuram for May 2019 (rates per kg)

• Silver rate in Malappuram stood stead at the start of May when it opened at Rs.40,500 per kg. However, it saw a steady decline throughout the month as weak local demand prevailed in the city. Furthermore, the overseas trends too negatively affected the prices. As on 12 May the metal traded at Rs.40,100 per kg.
• The existent trade war between US and China caused economic uncertainty. This, however, did not influence the value of the US dollar. This, along with investor interest in silver constantly fluctuating, caused the white metal to briefly rise on 14 May to Rs.40,400 per kg.
• Industrial and local remained stagnant while poor trends overseas had a negative impact on the price of silver. Moreover, costlier import fees for the metal diverted investors and buyers causing the price of silver to drop further. On 26 May, it traded at Rs.30,400 per kg.
• Global economic crises caused by the US Iran conflict did not help the offtake of bullion. The price of silver plummeted further to Rs.39,100 per kg on 29 May. The demand still remaining weak, the silver rate recovered to Rs.30,400 per kg by the end of the month. A percentage decline of 2.71 was recorded for the month.

Trend of Silver Rate in Malappuram for April 2019 (rates per kg)

Trend of Silver Rate in Malappuram for March 2019 (rates per kg)

• Silver rate in Malappuram for March began at a decline from the previous month. The price of the metal was Rs.42,700 per kg. At the same time, the US dollar rose in value over other currencies while equities uncharacteristically dipped in value. This was the highest the metal traded at for the month.
• The price of silver declined further on 7th after the European Central Bank postponed their decision to hike interest rates. The price of silver dropped to Rs.41,000 per kg.
• On 29th of the month, silver traded at its lowest for March. It was priced at Rs.40,200 per kg while equities too dipped in value during this time.
• Silver witnessed a declining trend for the month of March as the percentage change in price was recorded at -4.91%. The month ended with silver trading at Rs.40,600 per kg.

Trend of Silver Rate in Malappuram For February 2019 (rates per kg)

• The industrial demand for silver was steady when the metal opened at Rs.43,900 per kg on 01 February in Malappuram.
• As the value of the dollar dropped compared to other currencies, the price of the metal surged and hit a monthly high of Rs.44,100 per kg on 5 February. However, in the following days, the value of the US Dollar strengthened, and the price of silver dropped to Rs.42,800 per kg on 13 February and fell further to a monthly low of Rs.42,800 per kg on 13 February.
• Meanwhile, the demand for equities fell as investors refrained from the equity market and turned towards safe-haven assets like silver due to the ongoing Sino-US trade dispute. This caused silver rates in Malappuram incline to Rs.44,000 per kg on 20 February.
• Meanwhile, the economic data indicated a boost in the value of the US Dollar and silver rates in Malappuram fell and closed at Rs.43,300 per kg. The value of the metal fell by 1.36% during the month.

Trend of Silver Rate in Malappuram for January 2019 (rates per kg)

• The month began with silver priced at Rs.41,500 per kg on the 1st with steady demand from domestic industries and coin manufacturers amid firm market trends overseas.
• Demand picked up during the next two weeks with domestic retailers and jewellers ramping up purchases amid the ongoing wedding season. This led to silver prices surging to Rs.42,800 per kg on the 10th amid the favourable market trend domestically.
• However, a decline in industrial orders from the Asian continent to the US’s trade sanctions on the China led to silver prices in Malappuram plunging to Rs.41,800 per kg on the 22nd.
• With investors mulled over speculations of a possible government shutdown and the Brexit’s economic impact, demand surged towards the end of the month and silver was priced at a monthly high of Rs.43,900 per kg on the 31st.

Trend of Silver Rate in Malappuram for December 2018 (rates per kg)

Silver Rate Trend in Malappuram for December 2018

• In the first week of December, the demand for silver in Malappuram was on the rise among local coin makers and industrial units. This, coupled with a weakening dollar, increased the activity over bullion counters. Starting the month at Rs.38,500 per kg on the 1st, the silver rate increased to end the week at Rs.39,600 per kg on the 7th.
• The second week started with silver trading at Rs.40,300 per kg on December 8. A few days later, the price jumped to Rs.40,700 per kg on the 11th. Driven by a slight drop in demand among the local sellers, the price dropped down to Rs.40,500 per kg on December 18.
• The penultimate week of the month started with another drop in the silver prices. This time, the price hit the Rs.39,800 per kg mark on the 19th and stayed there for a couple of days.
• As the end of the month approached, investors flocked to bullion and precious metals as sliding equities, a weakening dollar, and global growth concerns prompted the demand for safe-haven assets. On December 31, silver finished trading at Rs.41,500 per kg.

Trend of Silver Rate in Malappuram for November 2018 (rates per kg)

Silver Rate Trend in Malappuram for November 2018:

• The price of silver in Malappuram in the month of November was in a state of steady decline. The exception to this was the first week, when owing to a surge in demand due to the festive season, the price spiked sharply.
• Starting the month at Rs.40,900 per kg on the 1st, it moved up to reach the monthly high at Rs.41,500 per kg on November 3, 4, and 6. After the festival, the demand for silver dropped and the price turned bearish.
• On the 15th, silver was traded at Rs.39,700 per kg before making marginal gains to touch the Rs.40,000 per kg mark in the following days. However, the U.S. dollar made some discernible gains in this period, backed by recovering markets and strong overseas cues.
• Consequently, the price of silver dipped further and it ended the month on November 30 at Rs.38,800 per kg – its monthly low. On a monthly basis, this marked a decline of 5.13% in the price of silver in Malappuram.

Trend of Silver Rate in Malappuram for October 2018 (rates per gram)

October 2018 - Week 1 (1-7):

• Due to weak local and industrial demand, silver opened at Rs.41,100 per kg at the start of week 1.
• The dollar the fell in value in comparison to other currencies causing the silver price in Malappuram to be priced at Rs.42,000 per kg on 3 October.
• At the end of week 1, industrial demand for the metal stabilized and the metal dipped in value to Rs.41,900 per kg.

October 2018 - Week 2 (8-14):

• Silver opened at Rs.41,500 per kg on the second week of October. However, due to an unstable US dollar and bullish equity market, the price dipped in the subsequent days.
• Poor overseas trends clubbed with subdued local and industrial demand caused the value of the metal in the city to dip to Rs.41,200 per kg on 9 October.
• Towards the end of week 1, industrial purchases for the metal rose causing the silver price in Malappuram to increase marginally. Week 2 ended with silver being recorded at Rs.41,500 per kg.

October 2018 - Week 3 (15-21):

• Week 3 commenced with silver being priced at Rs.41,900 per kg. Strong demand from the local industries along with positive overseas trends influenced the price of the metal for the week.
• Prices declined to Rs.41,400 per kg on 17 October, however; demand rose over the next couple of days and silver was recorded trading at Rs.41,900 per kg on 19 October.
• Silver traded at Rs.41,400 per kg when the week came to an end as the local market failed to capitalise the depreciating US dollar and weak equity market trends.

October 2018 - Week 4 (22-28):

• When the week began on 22 October, silver rates in Malappuram stood at Rs.41,500 per kg with domestic markets ramping purchases in the back of strong overseas market trends.
• The US dollar index lost against a basket of apex currencies leading to a surge in demand for silver by industries and coin makers and silver was recorded trading at Rs.41,900 per kg on 24 October.
• The industrial metal declined to Rs.41,700 per kg on 28 October influenced by subdued but steady demand from industries from the local market.

October 2018 - Week 5 (29-31):

• Silver traded at Rs.41,600 per kg when the week began on 29 October with poor demand from the domestic market impacted by the rising dollar and equities.
• With the demand for the white metal declining as the month came to an end amid weak global cues, silver traded at Rs.41,200 per kg on 31 October.
• Overall, the silver price in Malappuram during the month of October inclined by 0.24% aided by firm overseas cues and stable demand from the local markets.

Trend of Silver Rate in Malappuram for September 2018 (rates per gram)

Parameters	Silver price (per kg)
September 1 Rate	Rs.40,000 per kg
September 30 Rate	Rs.41,200 per kg
Highest Rate in September	Rs.41,200 per kg on 29 and 30 September
Lowest Rate in September	Rs.39,500 per kg on 5, 7, 15-16 September
Overall Monthly Performance	Incline
Percentage Change	3%

September 2018- Week 1 (1-8)

• When the trading for silver opened for the month of September in Malappuram, the metal was priced at Rs.40,000 per kg.
• After recording an increase of Rs.100 per kg on the 2nd of the month, silver rates quickly dropped and recorded a monthly low of Rs.39,500 per kg as the demand for the metal fell from the 5th to 7th of the month.
• Meanwhile, the ongoing trade war affected the stock market negatively and investors turned towards safe-haven assets which helped silver prices in Malappuram inclined and closed at Rs.39,700 per kg.

September 2018- Week 2 (9-15)

• Silver continued to trade at Rs.39,700 per kg amid stable demand for the metal on the 9th.
• Meanwhile, the US inflation data dimmed the policy tightening case proposed by the US Federal Reserve and the value of the US dollar fell.
• Silver rates inclined and traded at Rs.39,900 per kg from 11 to 13 September as the value of thee US dollar dropped before falling to Rs.39,800 per kg on the 14 due to poor demand. Silver rates further fell on 15 September and closed at Rs.39,500 per kg.

September 2018- Week 3 (16-22)

• On 16 September, silver continued to trade at Rs.39,500 per kg and inclined gradually during the course of the week.
• On 17 September, silver prices surged to Rs.39,700 per kg and further inclined to Rs.39,800 per kg and Rs.40,000 per kg on 18 and 19 September respectively.
• As the ongoing trade tension continued and the value of the US dollar fell further, the price of silver further inclined and traded at Rs.40,100 per kg on 20 and 21 before closing at Rs.40,300 per kg on the 22 September.

September 2018- Week 4 (23-30)

• Silver continued to trade at Rs.40,300 per kg on 23 September in Malappuram.
• However, due to muted demand, silver rates fell to Rs.40,000 per kg on 24 September but quickly recovered and surged to Rs.40,200 per kg on 25 and further inclined to Rs.40,800 per kg on 26 September.
• On 29 and 30 September, the highest silver rate of Rs.41,200 per kg and an overall incline of 3% in silver rates was recorded for the month.

Trend of Silver Rate in Malappuram for August 2018 (rates per kg)

Parameters	Silver price (per kg)
August 1 Rate	Rs.41,400 per kg
August 31 Rate	Rs.40,300 per kg
Highest Rate in August	Rs.41,400 per kg on 1 and 9 August
Lowest Rate in August	Rs.39,800 per kg from 24 August
Overall Monthly Performance	Decline
Percentage Change	-2.65%

August 2018 - Week 1 (1 to 5):

• The month commenced with silver in Malappuram trading at Rs.41,400 per kg on the 1st with strong domestic as well as global demand amid positive market trend overseas.
• However, the release of the stronger-than-expected US economic data led to the US dollar index dominating against other apex currencies. This led to silver prices dropping by over Rs.400 per kg over the next couple of days.
• Silver was recorded trading at Rs.41,000 per kg on the 3rd before rebounding to Rs.41,300 per kg on the 4th with investors and traders ramping up purchases amid a slight decline in the dollar value.
• The rest of the week saw silver rate in Malappuram holding at Rs.41,300 per kg with steady demand from industries and coin manufacturers amid the firm trend overseas.

August 2018 - Week 2 (6 to 12):

• The second week opened with silver priced at Rs.41,300 per kg on the 6th on account of steady demand from local investors amid the losing dollar and equities.
• Silver rates surged to a monthly high of Rs.41,400 per kg on the 9th again after the US dollar lost considerable ground against other currencies.
• The remainder of the week saw demand stabilising with the US greenback regaining lost ground amid the rising equity markets. Silver was recorded trading at Rs.41,200 per kg on the 12th when the week concluded.

August 2018 - Week 3 (13 to 19):

• The week saw silver rate in Malappuram plunging with domestic demand being weighed on by the strong US dollar and well-performing stock markets.
• Silver was priced as low as Rs.39,900 per kg on the 16th as local demand from industries and coin makers dropped considerably after the US employment data reported an increase in the number of jobs contributing to the US economy.
• An increase in industrial offtake despite the weak trend overseas led to silver rates rising to Rs.40,000 per kg on the 19th as the week came to an end.

August 2018 - Week 4 (20 to 26):

• Trading opened for the week with silver price in Malappuram holding steady at Rs.40,000 per kg on the 20th, thanks to the consistent demand from domestic industrial units and coin makers.
• However, with the greenback rising against other apex currencies at the global level, demand for the metal plummeted during the week.
• Silver was recorded trading at Rs.39,900 per kg on the 23rd before plunging to a monthly low of Rs.39,800 per kg on the 24th with global demand capped by the strengthened US dollar and well-performing equity markets.
• The week came to an end with the silver priced relatively higher at Rs.40,200 per kg on the 26th as the US dollar stabilised following a dominating week amid the rising equities market.

August 2018 - Week 5 (27 to 31):

• The last week witnessed ebbs and flows in silver prices with demand greatly impacted by the inconsistent dollar-rupee dynamic.
• Steady demand coupled with favourable market cues overseas led to silver being priced at Rs.40,200 per kg on the 27th.
• Rates surged to Rs.40,400 per kg on the 28th before stabilising at Rs.40,300 per kg on the 29th as the dollar began to dominate other apex currencies at the global level.
• When trading concluded for the month, silver price in Malappuram was recorded holding firm at Rs.40,300 per kg on the 31st with subdued but steady domestic demand, registering a drop of 2.65% in silver trade during the month.

Trend of Silver Rate in Malappuram for July 2018 (rates per kg)

Parameters	Silver price (per kg)
July 1 Rate	Rs.42,800 per kg
July 31 Rate	Rs.41,400 per kg
Highest Rate in July	Rs.42,900 per kg on 9 and 10 July
Lowest Rate in July	Rs.41,200 per kg on 28 and 29 July
Overall Monthly Performance	Decline
Percentage Change	-3.27%

July 2018- Week 1 (1-10)

• The month started off with the price of silver commencing at Rs.42,800 per kg.
• Silver prices dropped slightly on 3 July due to a drop in demand from industrial units. The price of the metal fell by a few points to Rs.42,400 per kg.
• The silver price in Malappuram then rose to Rs.42,800 per kg and stood the same for the next few days. This can be associated with the fluctuation in the local industrial offtake.
• On 9-10 July, the highest silver price of Rs.42,900 per kg for the month of July was recorded in Malappuram.
• The increase in silver rates during the last two days of the week can be attributed to positive market trends and the declining dollar rate over all other currencies.

July 2018- Week 2 (11-17)

• As demand for silver is directly proportional to silver rates, the price of the metal fell due to poor demand in the second week of July in Malappuram.
• Silver prices fell by Rs.300 per kg and traded at Rs.42,600 per kg on 11 July. Though the value of the dollar remained stable, silver prices continued to drop due to poor domestic demand.
• In the following days as the demand for silver from industrial units fell further, silver rates continued to dip and traded at Rs.42,200 per kg from 12 to 14 July.
• A slight increase in silver rates was noted on 16 July when the metal traded at Rs.42,300 per kg. Though it was not a significant hike, experts believe it was due to the increase of silver intake in the city that caused the hike.
• Silver further dipped and closed at Rs.42,100 per kg on 17 July.

July 2018- Week 3 (18 - 24)

• On the first day of week 3, silver was priced at Rs.41,700 per kg.
• Silver rates dropped by Rs.400 per kg on the first day of week 3 mainly due to poor demand.
• Due to the rise in dollar value, silver prices fell further to Rs.41,300 per kg on 20 July.
• Demand for the metal increased in the following few days which led to the increment in the silver rate. The price of silver in Malappuram on 21 - 22 July stood at Rs.41,700 per kg.
• The price of the metal declined towards the end of the week in Malappuram as it stood at Rs.41,400 per kg on 24 July.

July 2018- Week 4 (25 - 31)

• Silver rose by Rs.100 per kg due to steady industrial demand and traded at Rs.41,500 per kg on 25 July.
• Due to the decline of the US dollar value, silver prices spiked on 26 July to Rs.41,800 per kg. However, demand for the metal dropped which naturally caused the decline in silver prices over the next few days.
• As on 28 - 29 July, the price of silver stood at Rs.41,200 per kg.
• By the end of the month, the price of silver increased as dollar rates dropped slightly. The metal stood at Rs.41,400 on 30 - 31 July.
• Overall, silver rates in Malappuram for the month of July fell by 3.27%.

Trend of Silver Rate in Malappuram for June 2018 (rates per kg)

Parameters	Silver price (per kg)
June 1 Rate	Rs.42,800 per kg
June 30 Rate	Rs.42,800 per kg
Highest Rate in June	Rs.45,000 per kg on 15 June
Lowest Rate in June	Rs.42,600 per kg from 2 to 5 June
Overall Monthly Performance	Steady
Percentage Change	0.00%

June 2018 - Week 1 (1 - 10):

• Trading opened for the month silver in Malappuram priced at Rs.42,800 per kg on the 1st with steady local demand amid positive global cues.
• With the US dollar index on the incline after the US employment data, demand for the metal dropped considerably over the next few days. This led to silver trading at Rs.42,600 per kg from the 2nd to the 5th.
• The 6th, however, witnessed silver rates surging to Rs.42,900 per kg as safe-haven demand picked up ahead of the G7 summit later during the week.
• With the US President criticising other heads of the participating nations for false trade practices at the summit, the dollar value dropped further. This led to silver rates surging to Rs.43,600 per kg on the 8th.
• Strong trends overseas compounded with an increased investor demand led to silver price in Malappuram closing at Rs.43,700 per kg on the 10th.

June 2018 - Week 2 (11 - 17):

• The week began with silver rate in Malappuram opening at Rs.43,900 per kg on the 11th with investors and market participants capitalising on the positive market cues overseas.
• Silver rates surged to Rs.44,000 per kg the next day before plunging to Rs.43,900 per kg on the 13th amid the recovering US dollar index.
• However, with the US dollar index losing considerably at the international level, prices surged to Rs.44,300 per kg on the 14th.
• Positive global cues coupled with strong industrial offtake led to silver price in Malappuram touching a monthly high of Rs.45,000 per kg on the 15th.
• Prices, however, stabilised over the next couple of days with local demand being suppressed by the strengthening US dollar and rising equity markets.
• Trading concluded for the week with silver priced at Rs.44,300 per kg on the 17th with subdued but steady demand amid the firm trend overseas.

June 2018 - Week 3 (18 - 24):

• The third week began with silver trading at Rs.43,400 per kg on the 18th as investors and market participants backed down from making purchases amid the regaining US greenback.
• Strong dollar performances coupled with good returns on equities led to silver price in Malappuram dropping to Rs.43,100 per kg on the 19th.
• On the 21st, the white metal was priced at Rs.42,900 per kg and continued trading at the same rate amid the poor market trend overseas for the rest of the week.

June 2018 - Week 4 (25 - 30):

• The final week commenced with the industrial metal trading slightly higher at Rs.43,000 per kg on the 25th after a small drop in the dollar value led to prices rising domestically.
• The week witnessed silver rates in Malappuram dropping considerably on account of the strong US greenback and stock markets.
• Silver was recorded trading at Rs.43,000 per kg on the 28th before plummeting by Rs.200 per kg to trade at Rs.42,800 per kg on the 29th amid the poor global cues.
• When trading concluded for the month, silver prices were recorded holding at Rs.42,800 per kg on the 30th with subdued but steady global demand for the metal.

Trend of Silver Rate in Malappuram for May 2018 (rates per kg of silver)

Parameters	Silver price (per kg)
May 1 Rate	Rs.42,000 per kg
May 31 Rate	Rs.43,100 per kg
Highest Rate in May	Rs.43,800 per kg on 25 May
Lowest Rate in May	Rs.42,000 per kg on 1 May
Overall Monthly Performance	Incline
Percentage Change	2.61%

May 2018 - Week 1 (1 - 6):

• Silver trading was on the positive side this month, thanks to a rising demand seen towards the end of the month.
• On the 1st of May, when trading started for this month, the white metal was priced at Rs.42,000 per kg.
• With concerns rising ahead of the US-China trade war and the possible effect it could have, safe haven demand surged. This caused silver demand to rise locally as well and the metal traded at Rs.42,600 per kg on the 3rd.
• The week drew to a close with the metal trading at Rs.42,600 per kg.

May 2018 - Week 2 (7 - 13):

• Silver rates in Malappuram had risen to Rs.43,200 per kg when the second week’s trading began on the 7th of May.
• After news about a rising dollar arrived, demand for the white metal dropped, and the metal traded at Rs.43,000 per kg.
• A slight improvement in local demand pushed silver rates up to Rs.43,100 per kg on the 9th before rising to Rs.43,300 per kg on the 10th.
• As demand continued to rise amidst strong demand from industries and coin makers, and the weakening of the dollar, rates went up to RS.43,500 per kg on the 11th.

May 2018 - Week 3 (14 - 20)

• The third week’s trading began with a slight improvement in silver rates. On the 14th, when this week began, the white metal was priced at Rs.43,600 per kg.
• As markets strengthened and the US dollar gained, silver rates dropped to Rs.43,300 per kg on the 15th before dropping further to Rs.43,000 per kg the subsequent day.
• A brief surge in demand caused silver rates to go up to Rs.43,200 per kg on the 16th before slumping back down to Rs.43,000 per kg on the 17th.
• On the 18th, the metal was seen trading at Rs.43,200 per kg as domestic demand surged but fell back to Rs.43,000 per kg on the 19th.
• When the week ended, the white metal was seen trading at Rs.43,100 per kg.

May 2018 - Week 4 (21 - 27):

• The penultimate week of May began with little change in prices. The metal was still seen trading at Rs.43,100 per kg as demand remained steady.
• Markets fell after news that the Federal Reserve would keep the interest rates unchanged. This caused silver demand to rise.
• On the 22nd, the metal traded at Rs.43,200 per kg before trading a further improved rate of Rs.43,500 per kg on the 23rd.
• Rates seen on the 25th were the highest for the month too. After demand consolidated, prices fell to Rs.43,600 per kg on the 26th.

May 2018 - Week 5 (28 - 31):

• The last four day of May saw silver rates drop because of a resurgent dollar and a even slowed down local demand.
• The week began with silver trading at Rs.43,000 per kg on 28th before rising marginally to Rs.43,100 per kg the next day.
• On the 30th, prices dropped to Rs.42,900 per kg as the metal couldn’t hold against the barrage of the dollar.
• Strong cues paired with a steady local demand helped silver rates incline by 2.61% this month.

Trend of Silver Rate in Malappuram for April 2018 (rates per kg)

Parameters	Silver price (per kg)
April 1 Rate	Rs.41,400 per kg
April 30 Rate	Rs.42,300 per kg
Highest Rate in April	Rs.43,800 per kg on 20 and 22 April
Lowest Rate in April	Rs.41,000 per kg on 5 April
Overall Monthly Performance	Incline
Percentage Change	2.17%

April 2018- Week 1 (1st - 7th):

• Trading opened in Malappuram with silver priced at Rs.41,400 per kg on the 1st.
• The week witnessed silver rates fluctuating considerably as industrial demand was inconsistent due to the unevenly performing US dollar and equities.
• Rates dropped to Rs.41,300 per kg on the 2nd before rising to Rs.41,600 per kg the next day as the tumbling dollar led to an increase in demand from local industries and coin makers.
• However, with the greenback recovering from the previous day’s losses, silver prices plummeted over the next couple of days.
• Silver was priced at Rs.41,300 per kg on the 4th before plunging to a monthly low of Rs.41,000 per kg on the 5th amid the strengthened US dollar and equities.
• Thanks to an increase in demand towards the end of the week, silver prices were recorded holding Rs.41,200 per kg on the 7th as trading closed for the week.

April 2018- Week 1 (8th - 15th):

• When trading began for the second week, the white metal prices were holding firm at Rs.41,200 per kg on the 8th.
• Steady demand coupled with positive global cues led to silver being priced at Rs.41,200 per kg on the 9th before surging to Rs.41,300 per kg on the 10th.
• Strong industrial orders brought about by the weakened dollar led to rates surging further to Rs.41,700 per kg on the 11th.
• The 12th saw silver rates in Malappuram rising to Rs.42,000 per kg on account of an increasing demand for the white metal at the domestic level.
• Prices plunged to Rs.41,600 per kg the next day before surging to Rs.41,900 per kg on the 14th as safe-haven demand for the metal skyrocketed after the US dollar weakened following the airstrike on Syria.
• The week came to an end with silver rates holding steady at Rs.41,900 per kg on the 15th with steady investor demand coupled with positive market trends.

April 2018- Week 3 (16th - 22nd):

• The week opened with silver trading at Rs.42,100 per kg on the 16th with consistent demand for the industrial metal.
• Strong investor demand coupled with rising geopolitical tensions led to silver rates rising over the next few days and the metal was priced at Rs.42,500 per kg on the 18th.
• The 19th saw rates surging to Rs.43,700 per kg before rising further to Rs.43,800 per kg - the highest recorded monthly figure - on the 20th with strong demand from local industrial units and coin makers amid the positive trend overseas.
• The week came to an with the white metal prices holding steady at Rs.43,800 per kg on the 22nd with steady domestic demand coupled with strong global cues.

April 2018- Week 4 (23rd - 30th):

• The final week began with silver priced Malappuram holding at Rs.43,700 per kg on the 23rd as the US dollar began to regain lost ground amid the rising equities.
• The recovering dollar coupled with the well-performing stocks led to silver rates losing considerably during the week.
• Declining demand coupled with poor market cues led to silver prices plunging to Rs.43,000 per kg on the 24th.
• Though prices rebounded to Rs.43,100 per kg the next day, the strengthening US dollar led to rates dropping to Rs.43,000 per kg on the 26th.
• Poor demand coupled with uneven global cues led to prices holding at Rs.42,800 per kg on the 27th and the 28th.
• The month came to an end with silver rates holding at Rs.42,300 per kg on the 30th and Malappuram registered a profit of 2.17% in silver trade due to the strong overseas trends that pushed demand higher during the month.

Silver As An Investment In Malappuram

Silver is used in various forms in Malappuram. Silver bars and coins (of different denominations) are the common forms of investment in Malappuram. Silver is a valuable asset owing to its store of value. There are various jewellery stores across Malappuram which offer a wide range of jewellery designs.

Physical silver: Silver is available in form of jewelry and coins in Malappuram. You should, however, ensure that you buy silver from well-known jewellers who offer hallmark certifications. Silver is bought in the form of coins and 1 kg bars. Traditional silver items such as toe-rings, anklets and artefacts among others are widely sold.

Silver contracts: Silver is traded in the futures and spot markets. The white precious metal is traded in all the top commodity exchanges in the country including NCDEX (National Commodity & Derivatives Exchange) and MCX (Multi Commodity Exchange). The MCX offers three options, namely, Silver 1000, Silver Micro and Silver Mini. Silver contracts are delivered for up to 30 kg.

Also Check Silver Price in NearBy Cities of Malappuram

Silver Rate In Trivandrum	Silver Rate In Kochi	Silver Rate In Kozhikode
Silver Rate In Kannur	Silver Rate In Salem	Silver Rate In Trichy

Also Know: Gold Rate In Malappuram

Read more on Silver

• Why Should You Invest in Silver?
• Amazing Facts About Silver
• Silver Bars and Silver Coins
• What is Spot Silver?
• Are Long Term Silver Investments a Good Idea?

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