Silver Rate In Malappuram

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%

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.

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