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Silver Rate In Malappuram
The white precious metal is popular in Malappuram. Silver has extensive use in various industries such as electronics. silver price 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.
Check - Silver Rate in Kerala
Trend of Silver Rate in Malappuram for December 2022 (rates per kg)
| Parameters | Silver price (per kg) |
|---|---|
| Parameters | Silver Price (per kg) |
| December 1 Rate | Rs.69800 per kg |
| December 31 Rate | Rs.74300 per kg |
| Highest Rate in December | Rs.74700 per kg on 21 December and 22 December |
| Lowest Rate in December | Rs.69800 per kg on 1 December |
| Overall Monthly Performance | Incline |
| Percentage Change | 6.05% |
Trend of Silver Rate in Malappuram for November 2022 (rates per kg)
| Parameters | Silver price (per kg) |
|---|---|
| Parameters | Silver Price (per kg) |
| November 1 Rate | Rs.63,700 per kg |
| November 30 Rate | Rs.68,000 per kg |
| Highest Rate in November | Rs.68,500 per kg on 15 November |
| Lowest Rate in November | Rs.63,700 per kg on 1 November |
| Overall Monthly Performance | Incline |
| Percentage Change | 6.75% |
Trend of Silver Rate in Malappuram for October 2022 (rates per kg)
| Parameters | Silver price (per kg) |
|---|---|
| Parameters | Silver Price (per kg) |
| October 1 Rate | Rs.62,000 per kg |
| October 31 Rate | Rs.63,000 per kg |
| Highest Rate in October | Rs.67,000 per kg on 5 October |
| Lowest Rate in October | Rs.60,500 per kg on 15 October and 16 October |
| Overall Monthly Performance | Incline |
| Percentage Change | 1.61% |
Trend of Silver Rate in Malappuram for September 2022 (rates per kg)
| Parameters | Silver price (per kg) |
|---|---|
| Parameters | Silver Price (per kg) |
| September 1 Rate | Rs.58,000 per kg |
| September 30 Rate | Rs.61,500 per kg |
| Highest Rate in September | Rs.63,200 per kg on 23 September 2022 |
| Lowest Rate in September | Rs.58,000 per kg on 1 September and 8 September 2022 |
| Overall Monthly Performance | Decline |
| Percentage Change | 6.03% |
Trend of Silver Rate in Malappuram for August 2022 (rates per kg)
| Parameters | Silver price (per kg) |
|---|---|
| Parameters | Silver Price (per kg) |
| August 1 Rate | Rs.63,300 per kg |
| August 31 Rate | Rs.60,000 per kg |
| Highest Rate in August | Rs.64,800 per kg on 13 August, 14 August, and 15 August |
| Lowest Rate in August | Rs.60,000 per kg on 29 August and 31 August |
| Overall Monthly Performance | Decline |
| Percentage Change | -5.21% |
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 |
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 Know: Gold Rate In Malappuram |
Read More on Silver
- About Silver Mining
- Amazing Facts About Silver
- Global Demand and Silver Rates in India
- How to Find Certified/Authentic Silver
- Need for Silver as an Industrial Commodity
- Silver – Poor Man’s Silver
- What Will Happen To Silver Prices In Five Years?
- Lustre Regained by Silver Miners, Good Time to Invest in 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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