• Silver Rate in Mangalore

    Daily Silver Rates
    Date Silver (1 gram) Bar Silver (1 Kg)
    28 May 2018 ₹ 43 ₹ 43,000
    27 May 2018 ₹ 43.6 ₹ 43,600
    26 May 2018 ₹ 43.6 ₹ 43,600
    25 May 2018 ₹ 43.8 ₹ 43,800
    24 May 2018 ₹ 43.3 ₹ 43,300
    23 May 2018 ₹ 43.5 ₹ 43,500
    22 May 2018 ₹ 43.2 ₹ 43,200
    21 May 2018 ₹ 43.1 ₹ 43,100
    20 May 2018 ₹ 43.1 ₹ 43,100
    18 May 2018 ₹ 43 ₹ 43,000

    *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 Mangalore

    Silver is one of the sought-after precious metals in Mangalore owing to several reasons including many locals viewing it as a form of traditional investment widely used in the form of gifts during weddings, festivals, temple jewellery, pujas and other auspicious occasions. Silver is bought by people from all age groups for a variety of uses. For most consumers in Mangalore, silver is a time-tested and accessible precious metal which can be an effective hedge against inflation. Significantly, silver is used in most traditional and authentic silk sarees as well. Consequently, the price of the silver has a bearing on the price of the silk sarees courtesy the intricate and more often than not, extensive zari work which it entails. The price of the precious metal, therefore, results in a rise in the price of silk sarees as well.

    Trend of Silver Rate in Mangalore 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%

    Trend of Silver Rate in Mangalore for March 2018 (rates per kg)

    Parameters Silver price (per kg)
    Silver rate on 1st March 2018 Rs.41,100 per kg
    Silver rate on 31st  March 2018 Rs.41,400 per kg
    Highest Rate in March Rs.41,900 per kg on 7 March
    Lowest Rate in March Rs.41,000 per kg on 19 and 21 March
    Overall Monthly Performance Incline
    Percentage Change 0.72%

    March 2018- Week 1 (1-4)

    • Silver price in Mangalore in the first week of March was on the rise thanks to positive market developments as well as consistent demand from industrial units.
    • The industrial metal was priced at Rs.41,100 per kg as the month began, with demand steady due to consistent offtake from industrial units.
    • Gold rate in Mangalore rose to Rs.41,400 per kg on 2 March as the positive market cues and a declining U.S. Dollar led to an increase in demand for bullion.
    • Coin makers also increased orders which led to a rise in demand for the industrial metal as silver prices rose to Rs.41,600 per kg on 4 March.

    March 2018- Week 2 (5-11)

    • Demand for silver was on the incline as the dollar rate dropped following turbulent market trends, pushing prices for the industrial metal higher.
    • Silver opened the week trading at Rs.41,700 per kg on 5 March as positive international trends were reflected in domestic prices and demand.
    • A minor drop led to silver trading at Rs.41,400 per kg on 6 March before prices surged to Rs.41,900 per kg on 7 March.
    • A declining dollar and uncertainty over U.S. trade tariff imposition left markets panicking and investors seeking safe-haven assets like bullion.
    • Prices regularised as the week progressed due to a recovering U.S. Dollar which saw silver drop to Rs.41,300 per kg on 9 March.
    • Gold rate in Mangalore recovered somewhat as the week ended on 11 March, trading at Rs.41,600 per kg.

    March 2018- Week 3 (12-18)

    • The third week saw a gradual decline in demand for silver which was reflected in the price of the industrial metal.
    • The week began with silver priced at Rs.41,600 per kg on 12 March as demand was stable after significant gains in the previous week.
    • Local industrial demand for the metal was also on the decline due to a rise in the dollar value after a period of losses.
    • Silver fell to Rs.41,600 per kg on 13 March as demand from coin makers reduced as equity markets began to stabilise on positive market cues.
    • The surprise firing of the U.S. Secretary of State led to panic on the bourses and a revival in the silver rate, which rose to Rs.41,700 per kg on 14 March.
    • Demand dropped for the rest of the week as the dollar strengthened against other global currencies.
    • The week ended with silver priced at Rs.41,100 per kg on 18 March following a steep fall in demand.

    March 2018- Week 4 (19-25)

    • The week opened with silver price in Mangalore falling to Rs.41,000 per kg on 19 March as poor international demand impacted domestic orders as well.
    • Prices fluctuated due to conflicting market cues and unsteady stock markets as silver rose to Rs.41,200 per kg on 20 March due to a drop in local equity markets.
    • Geopolitical tensions in the United States led to a rise in interest in bullion to mitigate possible losses on the equity market as silver prices climbed to Rs.41,500 per kg on 22 March.
    • Local demand picked up as interest in silver peaked overseas and kept prices stable at Rs.41,600 per kg on 23 March.
    • Demand remained constant as the week ended, resulting in silver trading at Rs.41,600 per kg on 25 March.

    March 2018- Week 5 (26-31)

    • The last week of March saw silver prices fall due to a decline in industrial demand and a resurgent U.S. Dollar.
    • Silver was priced at Rs.41,600 per kg on 26 March as industrial offtake was bolstered by weak equity markets.
    • Prices rose to Rs.41,800 per kg on 27 March as markets plunged on the possibility of a trade war with China due to prohibitive trade tariffs.
    • Demand for silver slipped as the week progressed as local coin makers reduced offtake due to a rise in the dollar rate, making silver imports more expensive.
    • A drop in industrial demand resulted in silver prices falling to Rs.41,400 per kg on 29 March, with prices remaining unchanged as the week drew to a close.
    • In spite of a drop in value towards the end of the month, silver price in Mangalore rose by 0.72% during the month.

    Trend of Silver Rate in Mangalore for February 2018 (rates per kg)

    Parameters Silver price (per kg)
    Silver Rate on 1st February 2018 Rs.42,600 per kg
    Silver Rate on 28th February 2018 Rs.41,200 per kg
    Highest Rate in February Rs.42,600 per kg on 1 and 2 February
    Lowest Rate in February Rs.40,600 per gram on 10 and 11 February
    Overall Monthly Performance Decline
    Percentage Change -3.28%

    February 2018 - Week 1 (1st - 4th):

    • When trading commenced in Mangalore, the white metal was recorded trading at Rs.42,600 per kg on the 1st of February. This was also the highest recorded monthly figure in the city.
    • With the US dollar losing against other apex currencies ahead of the US jobs data, silver prices remained untouched at Rs.42,600 per kg on the 2nd.
    • The highly anticipated employment data proved to be stronger than expected with the data reporting an increase in the number of the jobs contributing to the nation’s economy. This led to the dollar rising and silver was priced at Rs.41,700 per kg on the 3rd.
    • Silver continued trading at Rs.41,700 per kg with steady demand from coin makers and industries amid firm global cues for the remainder of the week.

    February 2018 - Week 2 (5th - 11th):

    • The second week opened with the industrial metal prices holding at Rs.41,500 per kg on the 5th amid the strengthening US dollar and equity markets.
    • However, with the US greenback losing against a basket of currencies in the international market, silver rates rebounded to Rs.41,900 per kg on the 6th.
    • With the US dollar recovering from the previous day’s losses, demand for the metal plunged. This led to silver being priced at Rs.41,400 per kg on the 7th before plunging to Rs.40,800 per kg on the 8th amid the poor trend overseas.
    • Thanks to an increase in offtake by industries and coin makers, prices rebounded to Rs.41,000 per kg on the 9th.
    • Strong US dollar performance coupled with rising equities over the next few days led to silver being priced at Rs.40,600 per kg on the 10th. This was also the lowest recorded monthly figure in Mangalore.
    • The week concluded with the industrial metal trading at Rs.40,600 per kg on the 11th with poor domestic demand amid the weak global cues.

    February 2018 - Week 3 (12th - 18th):

    • The losing US dollar compounded by the poorly performing equity markets led to silver rates increasing considerably during the week.
    • The US dollar lost considerable ground with markets cautious ahead of the US inflation data. This led to silver opening at Rs.40,900 per kg on the 12th.
    • With investors and traders refraining from making purchases ahead of the inflation data, the dollar index declined. This led to an increase in demand for safe haven assets such as silver and the metal was priced at Rs.41,300 per kg on the 13th.
    • Prices continued to rise over the next few days with investors gravitating on safer investments such as silver to hedge against the US inflation concerns.
    • Silver rates in Mangalore rose to Rs.41,400 per kg on the 14th before surging further to Rs.41,800 per kg on the 15th amid the strong trends overseas.
    • The 16th saw silver prices dropping to Rs.41,700 per kg after demand for the metal stabilised worldwide.
    • Thanks to steady demand from industries and coin makers amid the firm trends overseas, silver rates remained untouched at Rs.41,700 per kg for the remainder of the week.

    February 2018 - Week 4 (19th - 25th):

    • The week opened with the white metal trading at Rs.41,600 per kg after the strengthening dollar led to a slight decline in industrial demand for the metal.
    • The 20th saw silver prices dropping to Rs.41,200 per kg and continued to trade at the same price on the 21st amid the uneven trend overseas.
    • However, with the greenback losing against other emerging currencies and the equities following a downtrend in the international market, silver rates rose to Rs.41,400 per kg on the 22nd before surging further to Rs.41,600 per kg the following day.
    • Industrial demand declined after tracking a rise in the US dollar value and silver was being priced at Rs.41,500 per kg on the 24th.
    • A subdued but steady demand from coin manufacturers and industries amid a firm trend overseas led to silver prices remaining untouched at Rs.41,500 per kg on the 25th.

    February 2018 - Week 5 (26th - 28th):

    • Trading opened for the last week with silver prices holding slightly higher at Rs.41,600 per kg on the 26th following an incline in demand from the previous week.
    • The 27th saw silver rates surging to Rs.41,700 per kg after the dollar plunged ahead of the Fed chief's first congressional speech with markets refraining from making purchases.
    • However, the central bank chairman’s vow to prevent the country’s economy from worsening received positive sentiments from the people. This led to the US dollar rising and silver was priced at Rs.41,200 per kg on the last day of the month.
    • Poor trends overseas coupled with reduced domestic demand from industries and coin makers led to silver rates declining by 3.28% during the month in Mangalore.

    Trend of Silver Rate in Mangalore for January 2018 (rates per kg)

    Parameters Silver price (per kg)
    Silver Rate on 1st January 2018 Rs.39,100 per kg
    Silver Rate on 31st January 2018 Rs.42,200 per kg
    Highest Rate in January Rs.42,700 per kg on 29 January
    Lowest Rate in January Rs.38,700 per kg on 10 and 11 January
    Overall Monthly Performance Incline
    Percentage Change 7.92%

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

    • Silver was priced at Rs.39,100 per kg when trading began on the first day of January 2018.
    • Due to steady demand from local coin makers and industrial units, silver prices in Mangalore remained at Rs.39,100 per kg on the 2nd day of this week.
    • As the US dollar seemed to strengthen, silver prices in the state took a hit and fell by Rs.300 to Rs.38,800 per kg on the 3rd of January.
    • Demand held steady on the 4th, as a result of which, silver prices remained at Rs.38,800 per kg when trading ended for the day.
    • The drop in demand was due to the jobs data, which was expected to hit the markets this week.
    • However, demand rose on the 6th and prices went up to Rs.39,200 per kg - a Rs.400 per kg hike - as the data was weaker than expected.
    • When the week ended, silver rates in Mangalore were recorded at Rs.39,200 per kg.

    January 2018 - Week 2 (8th - 14th):

    • The second week of January began with silver still trading at Rs.39,200 per kg.
    • On the 9th, silver rates dropped slightly to Rs.39,100 per kg. This happened because the dollar improved and demand for the metal declined.
    • The 10th again saw silver prices drop - this time to Rs.38,700 per kg - as a rising US dollar continued to affect precious metal trading.
    • Silver was still trading at Rs.38,700 per kg on the 11th but dropped started on a upward path to trade at Rs.38,900 per kg on the 12th of the month.
    • As the US dollar weakened after a brief surge, silver prices went further up to Rs.39,200 per gram on the 13th of January.
    • Silver rates were recorded at Rs.39,200 per gram on the final day of this week.

    January 2018 - Week 3 (15th - 21st):

    • When the third week started on the 15th, silver prices had seen little change and it was seen trading at Rs.39,200 per kg.
    • Due to stable from local investors, the metal continued to trade at Rs.39,200 per kg before rising to Rs.39,600 per kg on the the 17th.
    • The US dollar regained some of the lost ground, which put bullion trading on the backburner. The white metal traded at Rs.39,100 per kg on the 18th of the month.
    • Over the next three days, i.e., from the 19th to the 21st, silver continued at Rs.39,100 per kg as demand was low but steady.

    January 2018 - Week 4 (22nd - 28th):

    • The fourth week of January bore witness to a few changes in prices as markets remained largely stable.
    • On the 22nd of January, when the week began, silver was priced at Rs.39,100 per kg which then rose to Rs.39,200 per kg the next day due to a slight change in demand.
    • There was very few changes in demand over the course of the week as there were no major drivers which would otherwise impact trading patterns.
    • On the 24th of the month, silver was trading at Rs.39,200 per kg and went on to sell at this rate on the 25th of the month as well.

    January 2018 - Week 5 (29th - 31st):

    • The final week of January 2018 bore witness some changes in prices, which was the cause of change in the USD- INR dynamic.
    • On the 29th of January, the white metal was priced at Rs.42,700 per kg - a significant rise compared to the trading rates over the course of the previous week.
    • The 30th saw silver prices drop to Rs.42,200 per kg - a Rs.500 decline as demand for the metal took a nosedive as the latest Federal Reserve meeting approached.
    • When the month ended, silver was seen trading at Rs.42,200 per kg.
    • Overall, silver prices changed by a massive 7.92% this month due to a number of factors. The US dollar was largely underperforming and local demand surged as a result of that.

    Trend of Silver Rate in Mangalore for December 2017 (rates per kg)

    Parameters Silver price (per kg)
    Silver Rate on 1st December 2017 Rs.38,300 per kg
    Silver Rate on 31st December 2017 Rs.38,700 per kg
    Highest Rate in December Rs.38,700 per kg from 29 to 31 December
    Lowest Rate in December Rs.36,800 per kg on 13 December
    Overall Monthly Performance Incline
    Percentage Change 1.04%

    December 2017 - Week 1 (1st to 10th)

    • When trading commenced in Mangalore, silver was priced at Rs.38,300 per kg on the 1st of December.
    • On the 2nd, prices surged to Rs.38,500 per kg after the proposed US tax bill hit a roadblock in the US Senate pushing the US dollar rates down.
    • Silver rate in Mangalore, remained unchanged at Rs.38,500 per kg until the 7th with strong demand for the metal from industrial units and coin manufacturers.
    • However, the 8th saw silver prices declining to Rs.36,800 per kg as the US dollar gained against a basket of other major emerging currencies with the country’s biggest tax system overhaul bill passed by the US Senate.
    • An increase in local buying from industries and coin makers despite the poor global trends led to silver rates rising to Rs.37,100 per kg on the 10th.

    December 2017 - Week 2 (11th to 17th)

    • The second week opened with the white metal priced relatively lower at Rs.37,000 per kg on the 11th which continued to remain unchanged the next day with steady industrial demand for the metal.
    • The 13th, however, saw silver price in Mangalore declining to Rs.36,800 per kg with the high demand beginning to wear off in the international market.
    • Prices rebounded to Rs.37,500 per kg on the 14th owing to a rise in demand amid the positive overseas trend brought about by the losing US dollar against other apex currencies.
    • However, the US dollar regained lost ground the next day and pushed demand lower for the industrial metal. The white metal was priced at Rs.36,900 per kg on the 15th.
    • Demand picked up again towards the end of the week with the dollar declining after the new interest rates release by the US Federal Reserve.
    • The rest of the week saw the industrial metal prices holding steady at Rs.37,200 per kg owing to the positive global cues that increased demand for silver.

    December 2017 - Week 3 (18th to 24th)

    • Silver was priced at Rs.37,200 per kg on the 18th when trading commenced for the third week in Mangalore.
    • Demand for the metal remained steady despite the poor global trends during the week. This led to silver rates rising to Rs.37,500 per kg on the 19th.
    • Silver price in Mangalore remained unchanged at Rs.37,500 per kg on the 20th before marginally rising to Rs.37,600 per kg on the 21st due to a slight increase in local demand.
    • However, the strengthening dollar coupled with firmer equities resulted in the white metal prices plunging to Rs.37,400 per kg on the 22nd.
    • But with the Asian markets failing against the newly released tax cuts, rates rebounded to Rs.37,700 per kg on the 23rd.
    • Steady demand for the metal from industries and coin manufacturers amid the positive overseas trends resulted in silver holding firm at Rs.37,700 per kg on the 24th.

    December 2017 - Week 4 (25th to 31st)

    • The last week of December saw silver rates in Mangalore improve significantly amid the positive global cues that pushed demand higher for the metal.
    • On the 25th, the industrial metal was recorded trading at Rs.37,700 per kg which rose to Rs.37,900 per kg on the 26th with an increase in demand from coin manufacturers and industries.
    • Silver rate continued to rise throughout the week with demand for the metal increasing amid the positive trend overseas. The white metal was priced at Rs.38,200 per kg on the 27th before rising further to Rs.38,600 per kg the following day.
    • Strong global cues coupled with an increased demand resulted in silver rates holding steady at Rs.38,700 per kg when the month came to an end.
    • Silver trade in Mangalore recorded an incline of 0.78% in prices owing to the strong overseas trends that pushed demand higher for the metal during the month.

    Trend of Silver Rate in Mangalore for November 2017 (rates per kg)

    Parameters Silver price (per kg)
    Silver rate on 1st November 2017 Rs.39,300 per kg
    Silver rate on 30th November 2017 Rs.38,500 per kg
    Highest Rate in November 2017 Rs.40,100 per kg on 20 November
    Lowest Rate in November 2017 Rs.38,500 per kg on 30 November
    Overall Monthly Performance Decline
    Percentage Change 2.0%

    November 2017 - Week 1 (1st - 5th)

    • When trading opened for November in the coastal city, silver was priced at Rs.39,300 per kg.
    • Demand remained largely steady this week, which led to rates holding at mostly the same rates.
    • From the 2nd to the 5th, silver rates in Mangalore were recorded at Rs.39,300 per kg, thanks to consistent demand from local markets.

    November 2017 - Week 2 (6th - 12th)

    • The second week began with silver in Mangalore still trading at Rs.39,300 per kg.
    • On the 7th, however, silver prices increased to Rs.40,000 as local trading was affected by global cues and a weak US dollar.
    • But, as the greenback recovered, silver rate in Mangalore dropped to Rs.39,800 per kg on the 8th of the month.
    • Silver rate in Mangalore fluctuated quite a bit this week, with the metal trading at Rs.39,900 per kg on the 9th and then dropping to Rs.39,700 per kg on the 10th.
    • There was a steadying of prices witnessed on the 11th and the white metal traded at Rs.39,800 per kg.
    • When the week ended, silver was still trading at Rs.39,800 per kg.

    November 2017 - Week 3 (1th3 - 19th)

    • Silver rate in Mangalore remained unchanged for most of this week, as demand from local industries and coin makers remained consistent.
    • When trading began in Mangalore for the 13th of November, silver was priced at Rs.39,800 per kg.
    • The 14th saw silver rice in Mangalore remain unchanged but increase slightly to Rs.39,900 per kg on the 15th of the month.
    • On the 17th, silver prices in Mangalore dropped back down to Rs.39,800 per kg due to low demand.
    • When the week ended, silver was still trading at Rs.39,800 per kg.

    November 2017 - Week 4 (20th - 26th)

    • This week started on a high note, with silver rates at their highest for the month, at Rs.40,100 per kg.
    • But, after that sudden surge, the white metal’s prices dropped down to Rs.39,600 per kg on the 21st of November.
    • Rates fluctuated a little this week with the metal trading at Rs.39,700 per kg on the 23rd and then at Rs.39,800 per kg on the 24th.
    • However, a resurgent dollar and poor local cues pushed prices down to Rs.39,500 per kg on the 25th of the month.
    • During the closing hours of the week, silver was still trading at Rs.39,500 per kg.

    November 2017 - Week 5 (27th - 30th)

    • When the final week of November began, silver prices had surged to Rs.39,700 per kg.
    • But rates dropped to Rs.39,500 per kg on the 28th as demand began to fall.
    • Silver rates fell again to trade at Rs.39,200 per kg on the penultimate day of the month as there was no sign of the demand increasing.
    • On the final day of November, silver rates dropped by Rs.700 to bring it down to Rs.38,500 per kg.
    • Silver prices declined by 2.03% for the month of November, due to poor demand from local circles.

    Trend of Silver Rate in Mangalore for October 2017 (rates per kg)

    Parameters Silver price (per kg)
    Silver rate on 1st October 2017 Rs.39,800 per kg
    Silver Rate on 31st October 2017 Rs.39,300 per kg
    Highest Rate in September Rs.40,500 per kg on 16 October
    Lowest Rate in September Rs.39,100 per kg on 7 and 8 October
    Overall Monthly Performance Decline
    Percentage Change -1.25%

    Add the below content below the table as suggested in Image.

    October 2017 - Week 1 (1st - 7th)

    • When trading for silver began in Mangalore, there was no change in rates. The metal opened at Rs.39,800 per kg on the 1st of October.
    • There was a drop of Rs.200 per kg on the 2nd, and the metal was being sold at Rs.39,600 per kg. This was because of a poor local demand, which wasn’t at par with the expected figures.
    • Silver price in Mangalore dropped again on the and the white metal’s prices fell to Rs.39,400 per kg as demand from the domestic market remained subdued, while in the other shores, the US dollar surged.
    • The 4th and 5th saw silver rates in Mangalore rise to Rs.39,500 - a slight improvement compared to the previous day’s affairs.
    • Demand failed to pick up over the final two days as the US dollar gained further to push silver prices down to Rs.39,100 per kg - the lowest recorded rate for the month.

    October 2017 - Week 2 (8th - 14th)

    • Silver opened for the second week with little change seen in prices.
    • On the 8th of October, the white metal was seen trading at Rs.39,100 per kg. This then surged to Rs.39,800 per kg on the 9th as a minor turmoil in the US saw silver rates surge.
    • A rise in local demand saw silver prices in Mangalore rise again to Rs.40,100 per kg on the 10th before continuing at the same rate for the next two days of this week.
    • The 13th saw silver rates in Mangalore rose again to Rs.40,300 per kg on the 13th - which remained the rate when the week drew to a close the next day.

    October 2017 - Week 3 (15th - 21st)

    • The third week of October saw silver rate in Mangalore drop before increasing over the initial two days.
    • On the 15th, the white metal was seen trading at Rs.40,300 per kg. This then hit Rs.40,500 per kg on the 16th, thanks to a solid demand for the metal.
    • However, a dip in local demand brought about by weak global cues pushed the metal’s rates down to Rs.40,200 per kg.
    • The 18th also saw silver price in Mangalore drop - for the third consecutive day - to trade at Rs.40,000 per kg.
    • From the 19th to the 21st, silver rates remained at Rs.39,800 per kg as local demand dipped but stabilised.

    October 2017 - Week 4 (22nd - 31st)

    • Silver demand remained weak over the final few of the month as well, owing to poor domestic demand.
    • When the week began on the 22nd, the white metal was seen trading at Rs.39,800 per kg. This then dropped to Rs.39,700 per kg the next day and was steady on the 24th as well.
    • The upcoming Diwali season didn’t seem to help much with local demand either, and sales continued to remain on the lower side.
    • When the week and month ended, the white metal’s prices were down to Rs.39,300 per kg.
    • All in all, the month of OCtober saw silver rate in Mangalore drop by 1.25% - owing to a poor industrial demand locally and a weak overseas trend.

    Trend of Silver Rate in Mangalore for September 2017 (rates per kg)

    Parameters Silver price (per 1 kg)
    Silver Rate on 1st September 2017 Rs.40,000 per kg
    Silver Rate on 30th September 2017 Rs.39,800 per kg
    Highest Rate in September Rs.41,800 per kg on 8 September
    Lowest Rate in September Rs.39,700 per kg on 21 September
    Overall Monthly Performance Decline
    Percentage Change -0.50%

    September 2017- Week 1 (1st to 10th)

    • The first week of September saw silver prices in Mangalore rise due to an increase in demand from local industrial units.
    • Silver was priced at Rs.40,000 per kg on 1 September, with the price rising to Rs.40,600 per kg on 2 September as sluggish local demand was boosted by low U.S. dollar rates.
    • In spite of markets being high, there was steady demand for silver both domestically as well as overseas, which helped prices rise to Rs.41,100 per kg on 4 September.
    • Demand rose steadily over the course of the week as favourable market conditions prevailed, with silver reaching Rs.41,300 per kg on 6 September before rising to Rs.41,800 per kg on 8 September.
    • As the week drew to a close, there was a slight dip in demand, with the industrial metal priced at Rs.41,600 per kg on 9 & 10 September.

    September 2017- Week 2 (11th to 17th)

    • Demand fluctuated in the second week as local demand was subject to market vagaries.
    • The week opened with silver trading at Rs.41,000 per kg on 11 September as markets in the U.S. surged over the weekend.
    • Local demand was also on the decline as the U.S. dollar rate recovered, making imports expensive.
    • Silver fell to Rs.40,800 per kg on 12 September before rising briefly to trade at Rs.41,200 per kg on 13 September.
    • Demand from coin makers kept prices steady in the face of volatile overseas demand, as silver traded at Rs.40,800 per kg on 14 September.
    • Prices rose as Asian demand soared, with silver trading at Rs.41,700 per kg on 17 September.

    September 2017- Week 3 (18th to 24th)

    • Silver traded at Rs.41,700 per kg on 18 September as overseas demand kept prices high.
    • Demand from Europe fell as markets surged ahead of the German elections, resulting in silver prices in Mangalore falling to Rs.39,800 per kg on 19 September.
    • Prices fluctuated for the rest of the week, with silver rising to trade at Rs.40,200 per kg on 20 September and promptly dropping to Rs.39,700 per kg on 21 September.
    • There was a decline in price as local demand dropped due to high import rates, with silver trading at Rs.39,800 per kg on 24 September.

    September 2017- Week 4 (25th to 30th)

    • Prices rose towards the start of the week, with silver priced at Rs.39,600 per kg on 25 September and rising to Rs.40,500 per kg on 26 September.
    • Demand waned as markets were buoyed by the victory of Angela Merkel in the German elections, resulting in silver falling to Rs.39,500 per kg on 27 September.
    • Overseas demand was also on the decline as industrial units put off new orders, resulting in silver trading at Rs.39,800 per kg from 28-30 September.
    • Demand was stable as the month began but dropped mid-month, resulting in an overall decline in the silver rate by 0.5%.

    Trend of Silver Rate in Mangalore for September 2017 (rates per kg)

    Parameters Silver price (per 1 kg)
    Silver rate on 1st September Rs.38,995 per kg
    Silver rate on 30th September Rs.40,060 per kg
    Highest Rate in September Rs.40,440 per kg on 29 September
    Lowest Rate in September Rs.37,235 per kg on 5 & 6 September
    Overall Monthly Performance Incline
    Percentage Change 2.73%

    Trend of Silver Rate in Mangalore for August 2017 (rates per kg)

    Parameters Silver price (per kg)
    Silver Rate on 1st August Rs.38,900 per kg
    Silver Rate on 31st August Rs.40,000 per kg
    Highest Rate in August Rs.40,200 per kg on 29 August
    Lowest Rate in August Rs.37,500 per kg on 7 to 9 August
    Overall Monthly Performance Incline
    Percentage Change 2.82%

    August 2017 - Week 1 ( 1st - 6th)

    • Goa’s capital Mangalore saw silver rates gain compared to the previous month - July. However, going by the first week’s trading performance, there was little indication to suggest that.
    • When the week began, silver was priced at Rs.38,900 per kg. But, rates dropped to Rs.38,500 per kg on the 2nd as the European and the American markets were strong, which led to a fall in demand.
    • Silver prices in Mangalore fell for the third consecutive day to drop to Rs.38,100 per kg as demand for the metal was subdued by well-performing economies.
    • A slump in the US dollar rates on the 4th saw silver prices rise to Rs.38,400 per kg. This improvement was, however, cut short by a resurgent dollar on the 5th as rates dropped to Rs.37,800 per kg.
    • The week came to an end with the metal still trading at Rs.37,800 per kg.

    August 2017 - Week 2 (7th - 13th)

    • During this week, silver prices remained low while demand was steady. The initial few days saw no change in prices but a rise in local demand pushed prices up towards the end of the week.
    • On the 7th, the white metal was being traded at Rs.37,500 per kg. Due to a low demand brought about by strong western economies, silver rates remained at Rs.37,500 per kg on the 8th and the 9th of August.
    • The 10th, though, saw silver rate in Mangalore rise considerably to Rs.38,900 per kg as demand from coin makers surged.
    • This demand was holding steady, which subsequently pushed silver price in Mangalore up to Rs.39,500 per kg on the 11th.
    • The week ended with silver still trading at Rs.39,500 per kg, thanks to sustained buying from domestic investors.

    August 2017 - Week 3 (14th - 20th)

    • When trading commenced for this week, silver was still trading at Rs.39,500 per kg.
    • Silver price in Mangalore remained steady till the 17th for the metal to trade at Rs.39,500 per kg.
    • But, as demand dipped down amidst a strong dollar performance, silver rate in Mangalore went down to Rs.39,300 per kg on the 18th.
    • However, there was a small hike in prices as silver traded at Rs.39,400 per kg on the 19th. This was due to a sporadic demand for the metal.
    • When the week came to an end, silver was still priced at Rs.39,400 per kg.

    August 2017 - Week 4 (21st - 27th)

    • This week saw silver price in Mangalore fluctuate due to a strong fluctuation in demand.
    • On the 21st, the white metal was priced at Rs.39,100 per kg. This then rose to Rs.39,400 per kg on the 22nd as domestic demand went up.
    • Prices fell to Rs.39,200 per kg on the 23rd before increasing to Rs.39,400 per kg as demand from industrial units and coin makers rose.
    • By the end of the week, silver prices were seen holding at Rs.39,500 per kg.

    August 2017 - Week 5 (28th - 31st)

    • Silver rate in Mangalore fluctuated this week due to uneven demand in the local market.
    • When trading started on the 28th, the white metal was priced at Rs.39,600 per kg.
    • But, silver price in Mangalore went up to Rs.40,200 per kg on the 29th as investor demand - both from industrial units and coin makers - went up considerably.
    • Rates fell slightly to Rs.40,100 per kg on the 30th and then to Rs.40,000 per kg on the final day of the month as investors backed out slowly.
    • A robust demand from local circles led to silver prices inclining at a rate of 2.86% for this month.

    Trend of Silver Rate in Mangalore for July 2017 (rates per kg)

    Parameters Silver price (per kg)
    July 1 Rate Rs.39,600 per kg
    July 31 Rate Rs.38,700 per kg
    Highest Rate in July Rs.39,600 per kg from 1 to 3 July
    Lowest Rate in July Rs.36,700 per kg on 14 July
    Overall Monthly Performance Decline
    Percentage Change -2.27%

    July ‘17- Week 1 (1 to 9)

    • The first week of July saw a decline in silver prices in Mangalore.
    • Silver opened at Rs.39,600 per kg and remained stable for the next few days as there were no major fluctuations in the demand for the white metal.
    • Just before the American Independence Day, silver prices in Mangalore dipped to Rs.38,800 per kg on 4 July.
    • The upcoming G20 summit led investors to be cautiously optimistic, which resulted in a fall in silver prices as they traded at Rs.38,000 per kg on 7 July.
    • Silver prices dropped to Rs.37,700 per kg as the week ended on 9 July, with prices falling due to a drop in industrial demand.

    July ‘17- Week 2 (10 to 16)

    • There was no major fluctuations in silver prices in the Mangalore in the second week of July and the political conditions in the United States of America eased.
    • The week opened with silver priced at Rs.37,000 per kg on 10 July as demand was poor due to the high dollar rate as well as bullish market sentiment.
    • Prices rose to Rs.38,000 per kg on 12 July as local demand increased.
    • Markets recovered as U.S. jobs data showed declining unemployment, which boosted markets and led to silver falling to Rs.37,300 per kg on 13 July.
    • Prices fluctuated for the rest of the week, trading at Rs.36,700 per kg on 14 July before rising to trade at Rs.37,300 per kg on 15 July.
    • Silver closed at Rs.37,300 per kg on 16 July.

    July ‘17- Week 3 (17 to 23)

    • Silver traded at Rs.37,400 per kg on 17 July before prices rose to Rs.37,800 per kg from 18-20 July due to an increase in local demand.
    • The U.S. dollar also dropped on fresh allegations of collusion between the Trump team and Russia, leading to higher demand for safe-haven assets like silver.
    • Silver traded at Rs.38,400 per kg on 22 July as Asian demand also rose following the dip in the dollar rate.
    • The possible repeal of the U.S. health care program led to U.S. markets crashing, which resulted in an increase in silver demand.
    • Silver ended the week trading at Rs.38,300 per kg on 23 July due to favourable market conditions.

    July ‘17- Week 4 (24 to 31)

    • Silver opened at Rs.38,300 per kg on 24 July.
    • Demand dropped slightly as the metal traded at Rs.38,100 per kg on 26 July due to market vagaries.
    • Prices soon recovered, with silver priced at Rs.38,700 per kg on 27 July as demand from coin makers was on the increase due to low dollar rates.
    • Demand was consistent as the month drew to a close, with silver trading at Rs.38,700 per kg from 29-31 July.
    • In spite of a rise in price towards the end of the month, silver prices fell by 2.27%.
    Parameters Silver price
    June 1 Rate Rs.40,500 per kg
    June 30 Rate Rs.39,100 per kg
    Highest Rate in June Rs.40,600 per kg from 5-8 June
    Lowest Rate in June Rs.38,600 per kg on 20 & 21 June
    Overall Monthly Performance Decline
    Percentage Change -3.45%

    June 2017 - Week 1 (1st - 4th)

    • In Mangalore, when trading began for the month of June, silver was priced at Rs.40,500 per kg.
    • Prices fluctuated quite a bit due to significant changes in demand in the domestic market.
    • However, due to markets strengthening - silver prices fell to Rs.39,800 per kg - a Rs.700 drop - in just a day’s time.
    • As demand went up on the 3rd, silver prices went up to Rs.40,400 per kg and remained unchanged on the 4th, as demand remained steady.

    June 2017 - Week 2 (5th - 11th)

    • The second week of June saw silver prices climb as US markets took a hit after various Donald Trump controversies came to the fore.
    • On the 5th of June, silver was priced at Rs.40,600 per kg as there was plenty of positive cues from the global bullion market.
    • Rates remained stable for the next couple days as the US market data signalled a slow economic growth.
    • By the 9th of June, silver prices were down to Rs.40,200 per kg as markets recovered from their brief period of losses.
    • Prices had dropped further by the end of the week to trade at Rs.39,800 per kg on the 11th of June.

    June 2017 - Week 3 (12th - 18th)

    • The third week of June beginning on the 12th saw silver prices drop considerably as demand from various industrial units took a hit.
    • Prices fluctuated considerably during this week due to unstable demand from local investors.
    • On the 12th of June, silver was trading at Rs.39,700 per kg.
    • As the US dollar strengthened, silver prices fell in the international market and subsequently India as investors backed out in hordes.
    • Prices remained at Rs.39,200 per kg till the 14th - thanks to a sustained purchasing interest from industrial units and coin makers.
    • When the week came to an end on the 18th, silver prices had decreased to Rs.39,000 per kg as demand failed to pick up as US dollar rallied further.

    June 2017 - Week 4 (19th - 25th)

    • Silver prices failed to recover when the fourth week of June began and started trading at Rs.38,700 per gram instead. The day’s price was a Rs.300 decline from the previous day’s rates.
    • The white metal’s prices dropped on the 20th as well as domestic demand seemed to fall further after industrial units seemed to refrain from investing.
    • On the 21st, silver prices remained unchanged as the metal was still seen trading at Rs.38,400 per kg.
    • Prices improved marginally on the 22nd as they went up to Rs.38,900 per gram but fell the next day.
    • During the last day of June week 4, silver was priced at Rs.39,000 per kg.

    June 2017 - Week 5 (26th - 30th)

    • Silver prices in Mangalore fluctuated during the last week of June.
    • On the 26th of June, silver was priced at Rs.39,000 per kg, but as there were several unclear cues from the global market, prices fell the next day.
    • The 27th saw silver rates drop to Rs.38,700 per kg as demand seemed to be flatlining.
    • As some end of the month cues arrived, silver prices seemed to increase considerably to reach Rs.39,300 per kg on the 28th of June.
    • When the end of the month approached, silver prices had fallen again due to haphazard cues and poor demand from the domestic market.
    • On the last day of the month, silver was trading at Rs.39,100 per kg.
    • In Mangalore, silver prices were affected significantly as they changed at a rate of 3.45% for the month of June - one of the worst figures since demonetisation circa November, 2016.
    Parameters Silver Price in Mangalore
    May 1 Rate Rs.40,600 per kg
    May 31 Rate Rs.40,500 per kg
    Highest Rate in May Rs.40,600 per kg on 1 May
    Lowest Rate in May Rs.38,100 per kg on 10 & 11 May
    Overall Performance Decline
    Percentage Change -0.24%

    May ’17- Week 1 (1st to 7th)

    • Silver prices in Mangalore fell in the first week of May due to resurgent stock markets and stable currencies.
    • Silver was priced at Rs.40,600 per kg on 1 May, which was the highest rate for the month.
    • Prices soon fell as markets rose on the possibility of a victory by Emmanuel Macron, which would boost the Eurozone.
    • Silver fell to Rs.38,500 per kg on 5 May as American markets performed better than expected, which also led to a rise in the U.S. Dollar.
    • Exports fell due to the consistent U.S. Dollar rate, as silver traded at Rs.38,400 per kg on 7 May.

    May ’17- Week 2 (8th to 14th)

    • Silver opened the week at Rs.38,400 per kg on 8 May, with the price remaining unchanged from the previous week due to stagnant demand.
    • Prices fell further as global markets surged following the election of a Euro-centric French President, with silver prices plunging to Rs.38,100 per kg on 10 May.
    • Prices failed to recover significantly as industrial demand ground to a halt, as silver ended the week trading at Rs.38,300 per kg on 14 May.

    May ’17 – Week 3 (15th to 21st)

    • Prices rose as demand increased in the third week of May, with the silver trading at Rs.38,400 per kg on 15 May.
    • Industrial demand began to rise as tensions between the U.S. and Russia affected the performance of the U.S. Dollar, increasing demand for safe-haven assets like gold and silver.
    • Silver traded at Rs.39,200 per kg on 18 May as demand spiked. Local demand also rose as markets plunged over fears of the impact of GST on the economy.
    • Price stabilised as the week progressed, with silver trading at Rs.39,200 per kg on 21 May due to consistent demand from industrial units.

    May ‘17- Week 4 (22nd to 28th)

    • Prices were stable in the fourth week of May as demand continued to be high, with silver trading at Rs.39,200 per kg on 22 May.
    • Prices rose as coin makers also increased demand, with the low U.S. Dollar spurring higher orders for the white metal.
    • Silver traded at Rs.40,000 per kg on 25 May, with the price remaining constant for the next few days.
    • The week ended with silver trading at Rs.40,300 per kg on 28 May due to favourable market conditions and consistent local and overseas demand.

    May ’17 – Week 5 (29th to 31st)

    • The last week of May saw the price of silver rise marginally as demand continued to be high.
    • Silver traded at Rs.40,300 per kg on 29 May as industry increased orders due to a fluctuating U.S. Dollar price.
    • Prices rose to Rs.40,500 per kg on 30 May as local demand boosted prices, with silver ending the month trading at Rs.40,500 per kg.
    • In spite of the rise in price towards the end of the month, there was a decline in the overall price of the white metal by 0.24%.
    April 1st Rate Rs.42,500 per kg
    April 30th Rate Rs.40,600 per kg
    Highest Rate in April Rs.42,900 per kg on 9th, 15th & 16th April
    Lowest Rate in April Rs.40,600 per kg from 27th -30th April
    Overall Performance Decline
    Percentage Change -4.47%

    April ’17 – Week 1 (1st to 9th)

    • Silver prices in the first week of April were steady as demand was strong following increased demand from the industrial sector.
    • Silver traded at Rs.42,500 per kg on 1st April, with the price fluctuating due to market conditions.
    • Prices reached their monthly high of Rs.42,900 per kg on 4th April as the U.S Dollar plunged due to uncertainty over the North Korean missile crisis, which led to a spurt in demand for silver.
    • The price began to fall marginally as the week progressed, with silver trading at Rs.42,500 per kg on 6th April.
    • The week ended with silver trading at Rs.42,500 per kg on 9th April.

    April ’17 – Week 2 (10th to 16th)

    • Silver prices in the second week of April fluctuated as markets were unstable, leading to higher demand for silver and safe haven assets.
    • Silver was priced at Rs.41,600 per kg on 10th April, with the price rising to Rs.42,600 per kg on 13th April as local demand increased due to positive cues from international markets.
    • Demand from coin makers also increased as import costs fell due to the low U.S. Dollar rate, while Asian demand for silver also helped push prices higher.
    • Prices reached Rs.42,900 per kg as the week ended, with silver once again trading high due to flourishing demand.

    April ’17 – Week 3 (17th to 23rd)

    • Prices in the third week in Mangalore reflected trends seen across the country, with a decline in demand leading to prices dropping.
    • Silver traded at Rs.42,800 per kg on 17th April as markets began to recover from their earlier losses, as geo-political conditions improved.
    • Silver prices fell to Rs.42,300 per kg on 19th April as industrial demand also slowed in the wake of a resurgent U.S. Dollar, as escalating import costs put a dampener on orders.
    • Prices continued to dip as the week progressed, resulting in silver trading at Rs.41,900 per kg on 23rd April.

    April ’17 – Week 4 (24th to 30th)

    • The last week of April saw the price of silver continue to slide due to poor demand and unfavourable market conditions.
    • Silver traded at Rs.41,500 per kg on 24th April as local demand stagnated due to rising costs and declining demand following the end of the festive season.
    • European markets began to recover, which put more pressure on the price of silver, as the price dipped to Rs.40,700 per kg on 26th April.
    • Prices fell to Rs.40,600 per kg on 26th April and remained constant till the end of the month, as silver recorded a loss of 4.47% due to poor demand towards the end of the month.
    March 1st Rate Rs.43,900 per kilogram
    March 31st Rate Rs.42,100 per kilogram
    Highest Rate in March Rs.44,000 per kilogram on March 2nd
    Lowest Rate in March Rs.40,300 per kilogram on March 15th
    Overall Performance Decline
    Percentage Change -4.1%

    March ‘17 - Week 1 (1st to 5th)

    • Silver opened the trading for March at Rs.43,900 per kilogram.
    • On the 2nd of March Silver saw a monthly high of Rs.44,000 per kilogram.
    • An expected US Federal Interest Rate hike lead to a stronger dollar, which, in turn, lead to the price of Silver falling to Rs.42,700 per kilogram.
    • A steady increase in industrial demand cause silver to recover to Rs.43,300 per kilogram to close the first week of trading.

    March ‘17 - Week 2 (6th to 12th)

    • Silver opened the second week of trading at Rs.42,800 per kilogram.
    • A decline in demand saw the precious metal fall to Rs.42,100 per kilogram on March 8th.
    • A stronger US Dollar caused the price of Silver to further slip to Rs.41,500 per kilogram on March 9th and March 10th.
    • A decline in demand from coin makers and industry caused Silver to drop to Rs.41,200 per kilogram to close the week’s trading.

    March ’17- Week 3 (13th to 19th)

    • Silver opened the third week of trading at a sustained Rs.41,200 per kilogram.
    • On March 15th, in light of an expected US Federal Interest Rate hike, silver fell to a monthly low of Rs.40,300 per kilogram.
    • A boost in demand from industry and coin makers saw Silver recover to Rs.41,200 per kilogram on March 16th.
    • A slight drop in demand from coin makers saw Silver slip to Rs.40,900 per kilogram to close the week’s trading.

    March ’17- Weeks 4 (20th to 26th)

    • Silver started the fourth week of trading at Rs.41,100 per kilogram.
    • A drop in industrial demand saw silver slip to Rs.40,800 per kilogram on March 21st.
    • An increase in demand from coin makers saw Silver climb to Rs.41,300 per kilogram on March 24th.
    • Sustained industrial demand for silver saw it climb to Rs.41,700 per kilogram on March 25th, this was sustained till the end of the week.

    March ’17- Weeks 5 (27th to 31st)

    • Silver remained steady at Rs.41,700 per kilogram to open the fifth week of trading.
    • On March 28th, due to healthy demand from industry and coin makers, Silver prices climbed to Rs.42,100 per kilogram which was sustained till the end of the month.
    February 1st Rate Rs. 41,500 per kg
    February 28th Rate Rs. 43,900 per kg
    Highest Rate in February Rs. 43,900 per kg on 28th February
    Lowest Rate in February Rs. 41,500 per kg from 1st to 7th February
    Overall Performance Rise
    Percentage Change +5.78%

    February ‘17 - Week 1 (1st to 5th)

    • Silver prices in Mangalore remained stable over the course of the first five days of February demand was sustained.
    • The price of the metal was recorded at Rs.41,500 per kg on the 1st of February and remained unchanged until the end of the week thanks to demand from coin makers and industrialists.
    • The aforementioned rate was also the lowest in the entire month of February.

    February ‘17 - Week 2 (6th to 12th)

    • The price of silver on the opening day of the second week of February was Rs.41,500 – the same as the price on the closing rate of the first week of the month.
    • Prices remained stable on the 7th as well, with no change being recorded yet in the month.
    • On the 8th of the month, silver prices increased by Rs.1200 thanks to enhanced demand from industrialists and jewellers, and stood at Rs.42,700 per kg until the 9th of February owing to steady demand.
    • Demand declined slightly on the 10th of February, due to which prices fell by Rs.300 and the metal was seen trading at Rs.42,400 per kg.
    • On the 11th of February, prices increased by Rs.600 and silver traded at Rs.43,000 per kg thanks to a sudden increase in demand.
    • Demand was sustained on the 12th of February as well as prices remained stable and the metal closed the second week of the month at Rs.43,000 per kg.

    February ’17- Week 3 (13th to 19th)

    • A minor fluctuation in the value of the U.S. dollar resulted in an increase in the demand for silver with prices rising marginally to Rs.43,200 per kg on the first day of the third week of February.
    • A slight decrease by Rs.200 on the 14th of February saw silver prices drop to their previous levels of Rs.43,000 per kg, and there was no change in price for another day due to stable demand.
    • An increase by Rs.300 saw silver prices in Mangalore increase to Rs.43,300 per kg on the 16th of the month, after which another incline saw them rise to Rs.43,400 per kg on the 17th.
    • Silver prices increased by Rs.100 on the 18th of the month and traded at Rs.43,500 per kg on the 19th as well, and closed the third week of February at the same rate.

    February ’17- Weeks 4 & 5 (20th to 28th)

    • The price of silver in the last two weeks of February fluctuated marginally owing to an uncertain market and changes in the value of the US Dollar in addition to unstable demand.
    • Silver opened the last two weeks of the month at Rs.43,200 per kg, marking a decline by Rs.100 from the closing levels of the previous week.
    • Rates fell by Rs.100 on the 22nd of the month to trade at Rs.43,200 per kg and they remained unchanged on the 23rd as well.
    • A minor increase in demand from coin makers led to silver trading at Rs.43,400 per kg on 24th February.
    • Silver prices remained unchanged until the 26th of February thanks to stable demand from industrialists and jewellers.
    • Silver rates continued to increase as the month came to a close, trading at Rs.43,800 on the 27th before increasing by Rs.100 to Rs.43,900 per kg on the last day of the month, thereby recording an overall increase of 5.78% between the first and last day of February.
    • The price of the metal on the last day of the month was also the highest at which silver traded during the month of February.
    January 1st Rate Rs.39,600 per kg
    January 31st Rate Rs.41,500 per kg
    Highest Rate in January Rs.41,700 per kg on 23rd January
    Lowest Rate in January Rs.39,200 per kg on 2nd January
    Overall Performance Incline
    Percentage Change +4.79%

    January ‘17 - Week 1 (1st to 7th)

    • The price of silver in Mangalore rose in the first week of January as industrial demand increased.
    • Silver was priced at Rs.39,600 per kg on 1st January, with a minor drop seen on 2nd January, when prices dipped to Rs.39,200 per kg.
    • An increase in domestic demand led to silver trading at Rs.39,900 per kg on 4th January.
    • Prices continued to rise, trading at Rs.40,300 on 5th January, remaining constant till the end of the week on 7th January as demand was steady for the subsequent days.
    • Silver prices rose by Rs.700 per kg during the week due to increased industrial demand.

    January ‘17 - Week 2 (8th to 14th)

    • Prices were stable towards the beginning of the second week, as demand stagnated.
    • Silver was priced at Rs.40,300 per kg on 8th January, rising to Rs.40,500 per kg on 10th January as markets fluctuated, thereby increasing demand for bullion.
    • Prices rose to Rs.41,020 per kg on 11th January as local demand also rose, resulting in prices reaching Rs.41,200 per kg on 12th January.
    • A slight dip in demand led to silver ending the week trading at Rs.40,700 per kg on 14th January, recording an increase in price of Rs.400 per kg.

    January ’17- Week 3 (15th to 21st)

    • Silver prices in the third week rose as the week began but dipped towards the end of the week due to a dip in industrial demand.
    • Silver traded at Rs.40,700 per kg on 15th January, rising to Rs.41,200 per kg on 17th January on strengthening demand.
    • Prices were constant before rising to Rs.41,500 per kg on 18th January as markets were volatile, resulting in higher demand from investors.
    • Silver prices fell as the week ended, trading at Rs.41,100 per kg on 21st January due to a dip in overseas demand, recording a weekly increase in price of Rs.400 per kg.

    January ’17- Weeks 4 & 5 (22nd to 31st)

    • Prices rose marginally in the last two weeks of February, as fluctuating markets impacted demand for silver.
    • Silver traded at Rs.41,100 per kg on 22nd January, rising to Rs.41,700 per kg on 23rd January on high demand from Asia.
    • Prices dropped in the subsequent days, trading at Rs.41,400 per kg on 25th January due to a sudden rise in markets pushing demand low.
    • Prices fell to Rs.40,500 per kg on 28th January due to a sustained drop in demand.
    • Prices recovered as the month ended, trading at Rs.41,500 per kg on 31st January to register a 4.79% increase in price over the month.

    Silver as an investment

    Most consumers in Mangalore view silver as a safe form of investment due to its intrinsic value. Silver is respected across various segments of society for its store of value and therefore, a safe bet during times of economic instability and crises. Also, small investors find silver more affordable than gold. There are several prominent stores across Mangalore which offer a wide range of silverware, coins and jewellery.

    Physical silver: Silver is extensively used in the form of jewellery such as silver caskets which are often worn by religious heads, amulets, hair ornaments known as jadaibillai, silver belts and silver toe ornaments among many others. Silver is, therefore, used in manifold ways in a wide variety of forms both for ornamentation purposes and paraphernalia associated with various traditional rituals in the city. Sterling jewellery is widely sold in the stores in the form of necklaces, bracelets, rings, studs and pendants among others.

    Silver contracts: The white precious metal is traded in Multi Commodity Exchange (MCX), National Multi Commodity Exchange (NMCE) and National Commodity & Derivatives Exchange (NCDEX). The minimum contract which is traded (silver micro) is 1 kg while the initial margin is around Rs.2,200. Consumers should also incur other charges such as stamp duty, brokerage fee and so forth.

    Silver rates in Mangalore

    1 kg of silver was pegged at Rs.34,500 at the start of December 2015, a minor increase from Rs.33,900.00 in November. The price of the white precious metal has been witnessing minor price fluctuations for the past few months. For instance, 1 kg of silver reached a peak at Rs.35,100 in the middle of November 2015 but plummeted to Rs.33,600 towards the end of the same month. The price of 1 kg of the precious metal has been on the decline since January when it was pegged at Rs.40,572. The price of 1 kg of silver plummeted to Rs.36,178 towards the end of February but slightly rose to Rs.39,067 in March preceding a rally with the price hovering around Rs.42,537 in the month of May. The price of the precious metal, however, declined in the following months with 1 kg pegged at Rs.39,000 towards the end September and Rs.36,785 in the month of October.

    Also Check Silver Price in NearBy Cities of Mangalore

    Silver Rate in Chennai Silver Rate in Bangalore Silver Rate in Hyderabad
    Silver Rate in Pune Silver Rate in Mumbai Silver Rate in Coimbatore
    Also Know: Gold Rate in Mangalore

    Read more on Silver

    Silver Rate - Sitemap

    Silver Rate In Metro Cities
    Silver Rate In Other Capitals
    Silver Rate In Other Major Cities
    Silver Rate In States
  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.