Silver Rate in Mumbai

July 2017 - Week 1 (1st to 9th)

• Silver prices in Mumbai reflected trends seen across other major Indian cities, with this metal being priced at Rs.38,640 per kg on the 1 of July and continued to trade at this rate on 2 July as well.
• The rate of silver increased marginally the next day and can be attributed to the after-effects of GST implementation as well as rise in demand.
• However, the value of silver reduced thereafter with this metal being priced at Rs.37,705 per kg on 4 July.
• As the week progressed, the value of silver continued to reduce even further with this metal trading at Rs.37,115 per kg on the last two days of the week which was also the lowest rate of silver for the week.

July 2017 – Week 2 (10th to 16th)

• In Mumbai, when silver trading began for July week 2, trading prices were recorded at Rs.36,035 per kg.
• As demand from local circles increased, silver prices went up to Rs.36,270 per kg on the 11th.
• The 12th saw demand pick up significantly which led to prices going up to Rs.36,920 per kg and continued at the same rate on the next day as well.
• Prices, however dipped, as demand collectively fell from various sections of the silver market to go down to Rs.36.270 per kg.
• On the 15th, silver prices in Mumbai went up by Rs.910 to go up to Rs.37,180 per kg.
• When the week came to an end, silver was still trading at Rs.37,180 per kg

July 2017 – Week 3 (17th to 23rd)

• The price of silver in Mumbai reflected trends seen across the country, with silver prices rising over the course of the week.
• Silver was priced at Rs.37,180 per kg on 17 July and rose to Rs.37,600 per kg on 18 July due to a spike in demand as industry increased orders.
• Commodity markets recorded an increase in interest in silver due to the ongoing political crises in the United States which led to stock markets plummeting.
• Silver capitalised on the weak U.S dollar rate as it rose to trade at Rs.37,705 per kg on 19 July.
• While demand for the white metal continued to rise, the increase in price was modest with silver trading at Rs.27,800 per kg on 21 July due to muted demand from the local industrial units.
• Silver rate in Mumbai shot up as the week drew to a close, with the metal trading at Rs.38,005 per kg on 22 July.
• Prices were unchanged as the week ended on 23 July.

July 2017 - Week 4 (24 - 31):

• When the week began on the 24th, silver prices in Mumbai were recorded at Rs.38,120 per kg, which then went up to Rs.38,230 per kg on the 25th due to an increase in demand.
• Prices fell on the 26th to Rs.38,120 per kg as demand from local industrial units and coin makers fell.
• On the 27th, prices went up to Rs.38,690 per kg - the highest silver rate for the month - as demand in the city hit a new monthly high.
• However, as the same demand couldn’t be sustained, prices went down to Rs.38,275 per kg.
• After demand recovered from the fall, prices went up to Rs.38,460 per kg on the 29th before remaining unchanged during the next business day.
• On the last day of the week and month, silver prices increased to Rs.38,640 per kg as demand surged.

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

• Silver prices in Mumbai remained much the same as the rest of India, albeit on the last two days.
• On the 1st of June, silver was priced at Rs.40,285 per kilogram but went down to Rs.39,950 per kilogram on the 2nd as demand took a hit.
• However, prices rallied by Rs.720 per kilogram on the 3rd to hit Rs.40,670 per gram on the 3rd and continued at the same rate till the closing hours of the 4th.

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

• Economic capital Mumbai saw silver prices fluctuate this week as demand wasn’t stable.
• On the 5th and the 6th, silver was trading at Rs.40,670 per kg but went up by Rs.40,890 on the 7th - Rs.220 per kg increase in a day’s time.
• However, a low demand from key sections of the society saw silver rates go down to Rs.40,725 per kg on the 8th.
• The decrease the previous day was made to look small another significant decrease as silver rates went down to Rs.40,285 per kg on the 9th.
• Rates consolidated on the 10th and the 11th as the metal was seen trading at Rs.40,060 per gram.
• Silver rates recorded a Rs.610 decrease from the beginning to end of the week as demand took a massive hit.

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

• Silver opened at Rs.39,680 per kg on the 12th of June in the city of Mumbai but reduced the next day to trade at Rs.39,435 per kg.
• On the 14th of June, the rate of silver in Mumbai fell to a weekly low of Rs.39,115 per kg due to low demand for this metal.
• As the week progressed, there were a number of variations noted in the price of silver.
• Silver rate in Mumbai increased to trade at Rs.38,995 per kg on the 16th of June but fell the next day to be priced at Rs.38,460 per kg. This rate was noted on the last day of the week as well.

June 2017 - Week 4 (19 to 25)

• Silver prices in Mumbai reflected trends seen across other major Indian cities, with prices fluctuating during the week but recording an increase.
• Silver traded at Rs.38,640 per kg on 19 June on strong demand from the industrial sector.
• Prices fell to Rs.38,455 per kg on 21 June due to rise in the U.S. Dollar, which led to a drop in demand from overseas markets.
• Prices recovered as the week progressed, with silver trading at Rs.38,690 per kg on 23 June on consistent demand from coin makers.
• An increase in demand was also attributed to the increase in duties following the implementation of GST, which led to higher trading volumes.
• Prices rose to Rs.38,925 per kg on 24 June, with the price remaining constant as the week ended on 25 June.

June ’17 – Week 5 (26 to 30)

• The price of silver in the financial capital reflected trends seen across the country, with prices rising marginally before a slump in demand resulted in silver rates falling.
• Silver traded at Rs.38,925 per kg on 26 June as demand rose domestically as well as overseas due to a decline in the value of the U.S. Dollar.
• Prices soon fell due to a slump in demand as markets recovered and international demand stagnated.
• Domestic demand rose marginally which led to silver trading at Rs.39,115 per kg on 28 June.
• Prices soon fell as local demand could not stave off plunging silver rates overseas, and domestic demand also dropped to Rs.38,995 per kg on 30 June.

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

• On the first day of the month of May in Mumbai, silver was priced at Rs.40,040 per kg.
• There were a number of variations noted in the rate of silver during the week.
• As the week progressed however, the price of silver reduced as there was a fall in the demand for this metal from coin makers and industrialists.
• Silver traded at Rs.38,925 per kg on the 3rd of May before plunging to Rs.28,230 per kg on the 4th on account of low demand.
• On the last two days of the first week of May, silver rates recovered marginally to trade at Rs.38,005 per kg.

May 2017 – Week 2 (8th -14th)

• Silver prices in Mumbai fluctuated during the week as industrial demand and strengthening markets influenced silver demand.
• Silver was priced at Rs.37,965 per kg on 8th May, with the price dipping to Rs.37,705 per kg on 10th May due to a surge in markets which led to demand for the metal dropping.
• Prices recovered towards the middle of the week as industrial demand rose, negating the effects of a strengthening U.S. Dollar on silver exports.
• Silver traded at Rs.38,005 per kg on 13th May as markets began to stabilise, with demand from coin makers also contributing to the rise in demand and price.
• Silver ended the week trading at Rs.38,005 per kg on 14th May as industrial demand kept prices more or less stable.

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

• In Mumbai, silver prices fell on one particular occasion due to a sudden drop in demand.
• On 15th May, silver was trading at Rs.38,230 per kg, which then went up to Rs.38,640 per kg on the 16th.
• Prices for silver went up for the third consecutive day on the 17th as the metal was seen trading at Rs.38,995 per gram.
• Due to there being a solid demand from various quarters of the industry and also from the jewellers, silver rates again went up on 18th to reach Rs.39,265 per kg.
• However, a slight drop in demand saw silver prices fall on the 19th to Rs.38,815 per kg before going back to Rs.39,115 per kg on the 20th.
• As there was a sustained demand for the metal, May week 3 came to an end with silver still trading at Rs.39,115 per kg.

May 2017 – Week 4 (22nd - 28th)

• Silver prices in Mumbai fluctuated varied during the fourth week of May as industrial demand and strengthening markets influenced silver demand.
• Silver traded at Rs.39,265 per kg on the 22nd of May before shooting up to trade at Rs.40,040 per kg on the 23rd.
• However, this demand could not be sustained and the price of silver reduced to Rs.39,670 per kg on the 24th of May.
• The Manchester Blasts had no impact on the price of this precious metal as investors mostly stayed in the sidelines.
• Silver traded at Rs.39,950 per kg on the 25th and 26th of May.
• As the demand for this metal increased from industrialists, silver traded at Rs.40,190 per kg on the last two days of the week.

May ’17 – Week 5 (29th to 31st)

• Silver prices in the country’s financial capital were stable before dropping due to declining demand.
• Silver traded at Rs.40,285 per kg on 29th May as demand rose from the previous week due to an increase in demand from exporters in spite of the stable U.S. Dollar.
• Stock markets had also recovered from the attack in Manchester, but silver prices continued to rise, trading at Rs.40,520 per kg on 30th May as demand appeared to be unaffected by high import costs.
• A dip in price occurred as the month ended, with silver prices quite steeply to trade at Rs.40,060 per kg on 31st May, though overall value rose by 0.49% over the course of the month.

April 2017 - Week 1 (1st-9th)

• The price of silver in the financial capital of the country reflected trends seen across the country, as silver prices were on the ascent during the week.
• Silver traded at Rs.42,570 per kg on the 1st of April as demand rose due to a fluctuating U.S. Dollar. This rate was sustained until the next day.
• Prices fell to Rs.42,435 per kg on the 3rd of April due to a dip in demand for silver in both domestic and international markets.
• An increase in demand from coin makers led to silver trading at Rs.41,730 per kg on 4th April.
• Rate of silver increased marginally on the 5th to trade at Rs.42,775 per kg due to market fluctuations.
• Due to stable demand, the rate of silver was Rs.42,640 per kg on the last two days of the month resulting in a rise of Rs.70 in the rate of silver.

April 2017 - Week 2 (10th-16th)

• Silver prices in Mumbai seemed to surge on all days during the second week of April.
• The week began with silver trading at Rs.41,625 per kg, which then went up marginally to Rs.41,780 per kg on 11th.
• Demand for local industrialists and coin makers pushed silver prices up by Rs.860 as it went up to Rs.42,640 per kg.
• On 13th, prices went up slightly to Rs.42,775 before increasing significantly to reach Rs.43,030 per kg as demand showed no signs of letting up.
• Silver rate in Mumbai remained the same over the 15th and 16th at Rs.43,055 per kg as prices consolidated in the MCX.

April 2017 - Week 3 (17th-23rd)

• On the first day of the third week of April, silver traded at Rs.43,030 per kg in Mumbai.
• There were a number of variations noted in the rate of silver during the week.
• As the week progressed however, the price of silver reduced as there was a fall in the demand for this metal from industrialists and coin makers.
• Silver traded at Rs.42,435 per kg on the 19th and 20th of April before reducing to trade at Rs.42,080 per kg on the 21st.
• A continued reduction in the demand for this metal resulted in silver trading at Rs.41,980 on the last two days of the week.

April 2017 - Week 4 (24th-30th)

• On the first day of the fourth week of April, silver traded at Rs.41,625 per kg in Mumbai.
• There were a number of variations noted in the rate of silver during the week.
• As the week progressed however, the price of silver reduced as there was a fall in the demand for this metal from industrialists and coin makers.
• Rate of silver was steady at Rs.40,520 per kg on the 26th and 27th of April before falling the next day to trade at Rs.40,190 per kg.
• A continued reduction in the demand for this metal resulted in silver trading at Rs.40,040 per kg on the last two days of the week.

March 2017 - Week 1 (1st - 4th):

• Mumbai, like other regions in the country, saw silver prices fluctuate considerably.
• On 1st, silver was trading at Rs.43,970 per kg, which then increased to Rs.44,100 per gram on 2nd.
• As US economy and dollar strengthened, jewellery prices fell around the world on 3rd.
• Silver rates declined by Rs.1,370 per kg for the metal to trade at Rs.42,730 per kg.
• On 4th, silver prices went up slightly to end the week at Rs.43,295 per gram.

March 2017 - Week 2 (5th - 11th):

• Mumbai followed a slightly different trend during the second week of March.
• The metal was priced at Rs.43,295 per kg which then went down to Rs.42,925 per kg on 6th.
• Rates went down again on 7th to Rs.42,570 as domestic industrial demand saw no signs of improving.
• It was all downhill from then on as silver prices went from Rs.41,900 per kg on 8th to Rs.41,435 per kg.
• The 10th saw prices drop by a significant margin of Rs.765 per gram to reach Rs.40,670 per gram.
• When week 2 ended, silver was trading at Rs.40,520 per gram - marking a weekly change of Rs.2,775 from start to finish.

March 2017 - Week 3 (12th-18th):

• The price of silver in the financial capital of the country reflected trends seen across the country, as silver prices were on the ascent during the week.
• Silver traded at Rs.42,760 per kg on 13th March as demand rose due to a fluctuating U.S. Dollar.
• Prices fell to Rs.40,440 per kg on 14th March due to a dip in demand for silver in both domestic and international markets.
• An increase in demand from coin makers led to silver trading at Rs.40,890 per kg on 16th March.
• Rate of silver fell marginally on the 17th to trade at Rs.40,815 per kg due to market fluctuations.
• Due to stable demand, the rate of silver continued to trade at Rs.40,815 per kg until the end of the week, recording a rise of Rs.55 in the rate of silver.

March 2017 - Week 4 (19th-25th):

• In Mumbai, like the rest of the country, silver prices saw some fluctuations for the fourth week of March.
• On 20th, silver was priced at Rs.41,075 per kg but went down to Rs.40,815 on 21st as industrial demand from coin makers and others went down.
• The 22nd saw prices rally as prices went up to reach Rs.41,230 per kg which then went up to Rs.41,340 per kg on 23rd.
• Rates again went up on 24th to hit Rs.41,435 per kg as demand kept increasing.
• On 25th, rates fell to Rs.41,340 per kg as demand went down again and remained unchanged when the week ended on the 26th.

March 2017- Week 5 (26th-31st):

• Barring a few occasions, silver rate didn’t change too much during the last week of March.
• On 27th, silver was priced at Rs.41,900 per kg and increased to Rs.42,115 per kg on 28th as industrial demand went up.
• Rates remained unchanged on 29th but went up significantly to reach Rs.42,435 per kg on 20th.
• On the last day of the month, rates declined due to a fall in demand to hit Rs.42,115 per kg.

February 2017 - Week 1 (1st-4th):

• Silver rate trend in Mumbai also followed a similar pattern like the rest of India where in the prices fell and rose throughout the week.
• When the week began, silver was trading at Rs.42,520 per kilogram, which then increased to Rs.42,640 on 2nd.
• On 3rd, silver prices took a significant hit as it went by more than Rs.500 to hit Rs.42,115 per kilogram.
• The last day of the week was a respite as prices gained considerably for silver prices to end at Rs.42,355 per kilogram.

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

• The country’s financial capital saw silver prices rise during the middle of the week before dipping due to market fluctuations as the week ended.
• Silver was priced at Rs.42,355 per kg on 5th February, the steady industrial demand keeping prices stable.
• Silver traded at Rs.42,520 per kg on 6th February, recording a minor rise in price as demand from the domestic market rose due to favourable market conditions.
• Prices continued to rise as the U.S. Dollar dropped in value due to the ongoing uncertainty regarding the immigration ban in the United States.
• Silver was priced at Rs.42,930 per kg on 7th February, an increase of Rs.410 per kg in a single day as demand rose exponentially.
• Prices stabilised, with silver reaching a weekly high of Rs.42,950 per kg on 9th February on sustained demand.
• Investor interest in silver waned as markets began to stabilise and industrial demand from Asia began to slow down, as silver traded at Rs.42,375 per kg on 10th February.
• Prices rose marginally as the week ended, with silver trading at Rs.42,570 per kg on 11th February.

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

• The price of silver in the financial capital of the country reflected trends seen across the country, as silver prices were on the ascent during the week.
• Silver traded at Rs.42,570 per kg on 12th February as demand rose due to a fluctuating U.S. Dollar.
• Prices rose to Rs.43,280 per kg on 13th February though a dip in demand led to silver trading at Rs.43,030 per kg on 14th February.
• An increase in demand from coin makers led to silver trading at Rs.43,115 per kg on 15th February.
• Prices increased by Rs.270 to trade at Rs.43,385 per kg on 16th February and climbed further to Rs.43,520 per kg on 17th February.
• The week ended with silver trading at Rs.43,400 per kg on 18th February, to record an increase in Rs.830 per kg.

February 2017 - Weeks 4 & 5 (19th-28th)

• Silver prices in Mumbai reflected trends seen across the country, with the rates fluctuating due to volatile markets.
• Silver was priced at Rs.43,400 per kg on 19th February but the price fell to Rs.43,285 per kg on 21st February due to low demand.
• Prices dipped further to Rs.43,240 per kg on 22nd February before recovering on increased industrial demand, trading at Rs.43,680 per kg on 24th February.
• Silver prices rose to Rs.43,910 per kg on 25th February and reached Rs.44,110 per kg on 27th February.
• Silver ended the month trading at Rs.44,165 per kg on 28th February, recording a 3.86% increase in price.

January 2017 - Week 1 (1st to 7th)

• In economic capital Mumbai, silver prices saw some ups and downs over the week.
• On the 1st, silver traded at Rs.39,035 per kilogram before it climbed up to Rs.39,065 on the 2nd.
• The 3rd saw prices increase significantly to trade at Rs.39,530 and further increased to Rs.40,285 on the 4th.
• On 5th prices again increased as silver traded at Rs.40,670 per kilogram before it dipped during the last two days of the week.
• Silver price during the 6th and 7th were Rs.40,435 and Rs.40,390 per kilogram respectively.

January 2017 - Week 2 (8th to 14th)

January 2017 - Week 3 (15th to 21st):

• Mumbai witnessed considerable fluctuations with regards to silver rate as the week began with the metal trading at Rs.41,630 per kilogram.
• Prices went up on the 16th to hit Rs.41,560 before going down considerably to Rs.41,415 on the 17th.
• However, 18th saw some positive growth as silver prices bounced back to Rs.41,990 per kilogram.
• The 18th turned out to be a false positive as prices seemed to go down on 19th and 20th to Rs.41,805 per kilogram and Rs.41,675 per kilogram respectively.
• On 21st, at the end of the week, prices saw a positive growth to end the business day at Rs.41,930 per kilogram.

January 2017- Weeks 4 & 5 (22nd to 31st)

• Silver prices in Mumbai reflected the trend prevalent across the country, with prices trading high as the week began before falling towards the end of the week.
• Silver was priced at Rs.41,930 per kg on 22nd January, rising to Rs.42,180 per kg on 23rd January on consistent demand both domestically as well as overseas.
• Prices began to fall as trading in the metal reduced, resulting in silver trading at Rs.41,835 per kg on 25th January.
• A rally across global markets led to prices dropping further, with silver trading at Rs.41,435 per kg on 26th January.
• The week ended with silver trading at Rs.41,980 per kg on 31st January, recording a drop in value.

December 2016 - Week 1 (1st to 4th)

• Silver started trading at Rs.40,450 per kilogram on December 1st.
• As the effects of demonetization seemed to strengthen, no massive sales were to be seen.
• On December 2nd, prices increased slightly and began to trade at Rs.40,795 per kilogram.
• Silver rates increased furthermore and traded at Rs.41,070 per kilogram at the beginning on December 3rd.
• During the closing hours of December 4th, silver was trading at Rs.41,070 per kilogram.

December 2016 - Week 2 (5th to 11th)

• Silver started trading at Rs.41,055 per kg on December 5th and continued at the same rate on December 6th.
• Due to demonetization efforts kicking in, there wasn’t any major improvement in the prices.
• On December 7th, prices decreased slightly and began to trade at Rs.40,820 per kg.
• Silver rates increased on December 8th and traded at Rs.41,630 per kg and again fell to hit Rs.41,290 per kg.
• During the 10th and 11th though, silver was trading at Rs.41,345 as the business week came to a close.

December 2016 - Week 3 (12th to 18th)

• In Mumbai, silver prices saw some noticeable change for the course of the week.
• On 12th, at the beginning of the week, silver traded at Rs.23,032 per kilogram and continued on the same path for the 13th and 14th as well.
• The 15th saw prices drop by Rs.250 and so, as silver prices went down to Rs.22,736 per kilogram.
• On 16th, silver prices went down further more to trade at Rs.22,608 per kilogram.
• The remaining days of the week, 17th and 18th, also saw silver prices remain at Rs.22,608 per kilogram.

December 2016 - Week 4 (19th to 25th)

• India’s economic capital saw quite a few changes for most of the week.
• The week began with silver trading at Rs.39,435 per kilogram before going down to Rs.39,195 per kilogram on the 20th.
• 21st of the week saw prices go up to hit Rs.39,575 per kilogram. However, rates began to decrease again on the 22nd to hit Rs.38,815 per kilogram.
• The 23rd saw prices go down a little more to trade at Rs.38,700 per kilogram.
• Last two days of week 4 witnessed the increase and stabilising of silver rates to hit Rs.38,725 per kilogram.

December 2016 - Week 5 (26th to 31st)

• The price of silver showed minor increases over the week in Mumbai as demonetisation affected demand.
• Silver was priced at Rs.38,460 per kilogram on 26th December as the markets began to recover after the upheaval caused due to demonetisation.
• The prices rose fractionally to Rs.38,690 per kilogram on 27th December as demand began to rise.
• The prices rose to Rs.39,345 per kilogram on 28th December as the markets fell on news of possible further sanctions and uncertainty over demonetisation.
• Silver prices stabilised at Rs.39,035 per kilogram on 31st December after falling slightly towards the end of the week.

November '16 - Week 1 (1st to 6th)

• Silver traded at Rs.42,910 per kilogram on 1st November.
• Increased offtake by industrial units and coin makers gave demand for silver a massive boost.
• The highest price of silver was recorded on 3rd November at Rs.44,685 per kilogram.
• Prices fluctuated but remained high for the rest of the week as global trends and domestic demand were in favor of silver.

November '16 - Week 2 (7th to 13th)

• On 7th November, silver traded at Rs.43,685 per kilogram.
• Prices of the metal spiked on 9th November to Rs.44,960 per gram as demand surged immediately following PM Modi’s announcement of the ban on Rs.500 and Rs.1,000 notes.
• Prices also spiked on account of the dollar weakening post Donald Trump’s victory in the U.S. elections.
• Strong global cues coupled with increased industrial offtake led to a rise in silver prices.
• Demand for silver in the domestic market started to plummet as buyers were unable to use old Rs.500 and Rs.1,000 notes and also feared scrutiny from the IT Department.
• Silver traded at Rs.42,005 per kilogram at the end of the week.

November '16 - Week 3 (14th to 20th)

• Silver prices continued to fall this week as the economy was sent into a tizzy after the announcement of the demonetisation scheme.
• Silver traded at Rs.41,760 per kilogram on 14th November.
• U.S. economic policies were uncertain under Trump’s regime which led investors to the safe-haven investment and gold prices edged higher.
• Domestic market trends were too strong for global trends to have any effect.
• The week ended with silver trading at Rs.40,735 per kilogram.

November '16 - Week 4 and 5 (21st to 30th)

• Silver traded at Rs.40,890 per kilogram at the start of the week.
• Silver was able to recover to Rs.41,325 per kilogram momentarily on 22nd November after which prices declined again.
• Global and domestic trends did not favour gold this week.
• Reduced offtake by industrial units and coin makers drove prices down.
• In the last week of November, silver rates were able to rise again on the back of increased demand.
• Silver traded at Rs.41,055 per kilogram by the end of the week.
• There was a decline in silver prices this month by 4.32%.

October '16 - Week 1 (1st to 7th)

• Silver traded at Rs.45,900 per kilogram on 11st October.
• Prices of the shiny metal fell this week as the dollar gained against a basket of currencies.
• Silver rates dropped to Rs.41,685 per kilogram by the end of the week.
• Domestic demand has not met expectations.

October '16 - Week 2 (8th to 14th)

• On 11th and 12th October, silver traded at Rs.41,800 per kilogram.
• Silver rates climbed this week as demand was high.
• A rise in demand could be attributed to positive global trends coupled with preparations for the festive season.
• As weak trends took over the global market, prices dropped on 14th October to Rs.41,895 per kilogram.
• Reduced offtake by industrial units and coin makers also contributed to a fall in silver prices.

October '16 - Week 3 (15th to 21st)

• Silver traded at Rs.41,780 per kilogram on 15th and 16th October.
• Prices climbed this week on account of firm global trends.
• Demand from industrial units was mild but helped silver prices recover.
• The highest silver rate for this week was Rs.42,490 per kilogram on 20th October.
• The week closed with silver trading at Rs.42,075 per kilogram on 21st October.

October '16 - Week 4 (22nd to 28th) & Week 5 (29th to 31st)

• On 22nd and 23rd October, silver traded at Rs.42,130 per kilogram.
• Prices of silver increased on the back of strong demand in the domestic market.
• Global trends also played in favor of silver as the dollar dropped this week.
• Gold traded at Rs.43,035 per kilogram on 31st October, the highest price for this week.
• Demand for silver is expected to be high on account of the wedding season.

September '16 - Week 1 and 2 (1st to 10th)

• Silver traded at Rs.45,225 per kilogram on 1st September.
• Following the footsteps of gold this week, silver rates rose considerably.
• Silver was seen trading high at Rs.47,820 per kilogram on 7th September.
• The week closed at Rs.46,835 per kilogram on account of global trends.

September '16 - Week 3 (11th to 17th)

• Silver prices felt the pressure of the global market trends and plunged this week.
• Silver traded at Rs.46,835 per kilogram on 11th September.
• Silver drifted on account of heavy unwinding from savvy and speculative traders.
• Prices reached Rs.45,370 per kilogram on 17th September, the lowest for the week.

September '16 - Week 4 (18th to 24th)

• Silver rates fluctuated this month, but the overall trend was an increase in prices.
• Silver traded at Rs.45,370 per kilogram on 18th September and advanced to Rs.47,535 per kilogram by 23rd September.
• Prices then remained constant till the end of the week.
• The rise in silver prices was backed by strong industrial buying.
• Speculative demand for the metal was also on the rise giving silver rates a boost.

September '16 - Week 5 (25th to 30th)

• Silver prices dropped this week as the there was a reduction in the offtake by industrials and coin makers.
• Silver trade at Rs.47,535 per kilogram on 25th September.
• Prices fluctuated as the global market was hit by a rising dollar.
• The week ended with silver trading at Rs.45,750 per kilogram.

August '16 - Week 1 (1st to 7th)

• Silver prices dropped throughout the week in Mumbai, with small gains being offset by drops in the price as the week progressed.
• Silver traded at Rs.49,430 per kg on the 1st and at Rs.47,255 per kg on the 7th of August.
• The Dollar rose as positive economic data bolstered the equity market, leading to a drop in demand for silver.

August '16 - Week 2 (8th-14th)

• Silver traded at Rs.47,460 per kilogram on 8th August.
• There was an increase in the offtake by coin makers and industrialists leading to prices rising to Rs.48,595 per kilogram on 10th August.
• Prices declined slightly trading at Rs.47,750 per kilogram by the end of the week.

August '16 - Week 3 (15th-21st)

• Silver traded at Rs.47,750 per kilogram on 15th August.
• Following similar patterns as gold, silver prices fluctuated owing to both domestic and global trends.
• Silver climbed to Rs.47,940 per kilogram on 16th August, the highest for the week, and then dropped as there was a reduced offtake from industrialists.

August '16 - Week 4 (22nd-28th)

• Silver traded at Rs.45,800 per kilogram on 22nd August.
• Prices climbed on 23rd August to Rs.45,935 per kilogram as there was an increase in the appetite of domestic jewellers.
• Prices slowly declined towards the end of the week with silver trading at Rs.45,040 per kilogram on 28th August.

August '16 - Week 5 (29th-31st)

• Silver dropped through the week as the dollar gained on the back of strong U.S payroll data.
• Silver traded at Rs.44,805 per kilogram on 29th August.
• Prices were as low as Rs.45,460 per kilogram by the end of the week.

July'16 - Week 1 and 2 (1st to 10th)

• Like gold, silver also soared through the week.
• Silver traded at Rs.3,112 and rose to Rs.3,246 on July 6th.
• The Brexit vote and expectations of more stimulus from the central banks contributed to high prices.
• Silver prices became constant when the U.S. released positive job data making the dollar stronger.

July'16 - Week 3 (11th to 17th)

• Silver rates declined marginally during the third week of July, with prices falling as the week progressed due to a strengthening market leading to lowered demand.
• Prices were recorded at Rs.49,745 per kg on the first day of the week and Rs.48,840 per kg on the last day of the week.
• A drop in demand from industrial units as well as market forces led to prices dropping towards the end of the week, with the difference in price between the first and last days of the week being Rs.905.

July '16 - Week 4 (18th to 24th)

• Like gold, silver rates also slipped this week.
• Silver traded at Rs.48,360 per kg on 18th July.
• The global market trends have had a direct effect on silver prices leading to a drastic fall in prices.
• By the end of the week, gold had experienced fluctuations everyday and finally settled at Rs.47,420 per kg.

July‘16 - Week 5 (25th to 31st)

• The value of silver stood at Rs.47,160 on the 25th of July, after which they fluctuated over the course of the next four days as marginal increases were written off by subsequent losses.
• On the 30th of July, silver prices per kg increased to Rs.48,970 and remained unchanged for another day, thus ending the month at the aforementioned rate.

Jun'16 - Week 1 (1st to 5th)

• Silver rates remained steady with a slight path of inclination at the beginning of June.
• Silver traded at Rs. 38,640 on June 1st and at Rs. 39,755 on June 5th.
• The rates stayed on an inclined slope due to stable demand from the industrial users.

Jun'16 - Week 2 (6th to 12th)

• Silver traded at Rs. 39,755 per kg on the 6th of June.
• Prices shot up owing to demand and silver traded at Rs. 41,510 per kg on the 10th of June which was also the highest rate for the week.

Jun'16 - Week 3 (13th to 19th)

• Silver traded at Rs. 41,445 per kg on the 13th of June.
• Prices further rose up to Rs. 42,175 per kg on the 15th of June.
• Gold hit its highest for the week on 16th of June at Rs. 42,985 per kg.
• Silver closed the week at Rs. 42,235 per kg on the last day of the week.

Jun'16 - Week 4 (20th to 26th)

• Rate of silver was quite steady during the course of the week with a steady increase being noted towards the end.
• On the 20th, the price of silver was Rs. 42,140 per kg.
• The highest rate was seen on the 24th to 26th at Rs. 43,465 per kg

Jun'16 - Week 5 (27th to 30th)

• Silver rates fluctuated over the course of the week, with marginal losses being written off by subsequent gains.
• Prices were recorded at Rs.43,410 on the 27th of June and Rs.44,635 on the 30th of June.
• Increasing demand in addition to strengthening domestic as well as global cues drove prices higher as there was a difference of Rs.1,225 between the start and end of the last week of June.

May'16 - Week 1 (1st to 7th)

• Silver rates fell over the course of the week, with small increases being written off by subsequent losses.
• Prices were recorded at Rs.42,675 on the 2nd of May and Rs.41,725 on the 9th of May.
• Low demand and domestic cues drove prices lower as there was a difference of Rs.950 between the start and end of the week.

May ‘16 - Week 2 (8th to 14th)

• Silver rates fell over the course of the week, with small increases being written off by subsequent losses.
• Prices were recorded at Rs.41,875 on the 8th of May and Rs.41,255 on the 14th of May.
• Low demand and domestic cues drove prices lower as there was a difference of Rs.620 between the start and end of the week.

May ‘16 - Week 3 (15th to 21st)

• Silver rates fluctuated over the course of the third week of May, with small increases being written off by subsequent losses.
• Prices were recorded at Rs.41,255 on the 15th of May and Rs.40,135 on the 21st of May.
• Fluctuating demand and unstable domestic cues drove prices lower as there was a difference of Rs.120 between the start and end of the week.

May ‘16 - Week 4 (22nd to 28th)

• Silver rates fluctuated through week 4 in Mumbai but remained above Rs. 39,000 per kg.
• Prices were recorded at Rs.40,135 on the 22nd of May and Rs. 39,365 on the 28th of May.
• Global market trends are responsible for the decline in silver rates with expectations of rate hikes and low intake from industrial units and coin makers.

May ‘16 - Week 5 (29th to 31st)

• There was a decrease in the rate of silver as the month progressed.
• Unstable domestic cues and also fluctuations in demand contributed to this loss.
• In the final week however, prices stayed above Rs. 35,000 per kg, closing at Rs. 39,065 per kg.

Apr'16 - Weeks 1 & 2 (1st to 10th)

• Silver registered profits in the first two weeks of April as increased offtake and industrial demand, along with a weak dollar and firm global trends pushed rates up.
• Prices were Rs.36,050 on 1st and Rs.36,620 on 10th.
• Silver prices rose on back-to-back days through the weeks to register cumulative gains totalling Rs.570 till 10th of the month.

Apr ‘16 - Week 3 (11th to 17th)

• Silver saw appreciation in the third week of trading.
• Prices were Rs.37,115 on 11th and Rs.39,110 on 17th.
• Prices rose by an overall margin of close to Rs.2,000 over the week.

Apr ‘16 - Week 4 (18th to 24th)

• Silver gained value again in the fourth week.
• Prices were Rs.38,920 on 18th and Rs.41,115 on 24th.
• There was an overall gain of Rs.1,195 over the week.

Apr ‘16 - Week 5 (25th to 30th)

• Strong global cues resulted in an overall increase in rates over the week.
• The week started with silver trading at Rs 40,810, with prices steadily increasing.
• Prices peaked at Rs 42,690 on 29th.
• A slight fall in rates was witnessed on 30th, with silver ending the month at Rs 42,590.

Mar'16 - Week 1 (1st to 6th)

• Silver declined at the start of March.
• Prices were Rs.37,005 on 1st and Rs.36,640 on 6th.
• Prices declined on 2nd and appreciated on 3rd before stabilising for the remaining days.

Mar'16 - Mar'16 - Week 2 (7th to 13th)

• Silver prices gained value in the second week.
• Rates were Rs.37,695 on 7th and Rs.37,710 on 13th.
• Silver posted a gain of Rs.15 in this week.

Mar'16 - Week 3 (14th to 20th)

• Silver gained marginal value again in the third week.
• Rates were Rs.37,650 on 14th and Rs.37,865 on 20th.
• Prices clocked a monthly high of Rs.38,640 in this week on 18th.

Mar'16 - Week 4 (21st to 27th)

• Silver declined in the fourth week substantially.
• Rates were Rs.37,930 on 21st and Rs.36,685 on 27th.

• Prices fell by Rs.1,245 over the seven days of this week.

Mar'16 - Week 5 (28th to 31st)

• Silver rates declined in the last four days also.
• Prices were Rs.36,570 on 28th and Rs.36,495 on 31st.

Week 1 (1st to 7th)

• Silver gained value at the beginning of February.
• Prices were Rs.34,970 on 1st and Rs.36,925 on 7th.
• Silver managed to rise on all days and almost touched Rs.37,000 as it ended the week at Rs.36,925.

Week 2 (8th to 14th)

• Silver gained value again during the second week.
• Rates were Rs.36,950 on 8th and Rs.38,525 on 14th.
• Silver rose by an overall amount of Rs.1,575 through the week.

Week 3 (15th to 21th)

• Silver had a profitable third week.
• Prices were Rs.37,220 on 15th and Rs.37,930 on 21st.
• Silver gained Rs.710 over the week as prices fluctuated within the 37,000 range.

Week 4 (22nd to 29th)

• Silver prices were down in the last week of the month.
• Prices were Rs.37,615 on 22nd and Rs.36,295 on 29th.
• Silver was down for the most part, ending at Rs.36,295 by the end of the month.

Jan '16 - Week 1 (4 th to 10 th )

• 2016 began positively for silver rates.

• Rates were Rs.33,230 on 4th and Rs.33,865 on 10th.

• Silver breached the 34,000-mark in the week and touched a high of Rs.34,220.

• Prices settled at a healthy Rs.33,865 by 10th.

Jan '16 - Week 2 (11 th to 17 th )

• There were more gains for silver in the 2nd week.

• Rates were Rs.33,750 on 11th and Rs.34,335 on 17th.

• Prices dropped to a month-wide low of Rs.33,295 on 13th before rallying by over a thousand rupees to Rs.34,335 on 14th.

• Prices were stable at Rs.34,335 for the rest of the week.

Jan '16 - Week 3 (18 th to 24 th )

• Silver rates appreciated again in the 3rd week.

• Rates were Rs.34,115 on 18th and Rs.34,425 on 24th.

• Silver rates fluctuated all through the week before settling at a higher rate of RS.34,425 by 24th.

Jan '16 - Week 4 (25 th to 31 st )

• Silver clocked in more gains in the final week of January.

• Prices were Rs.34,435 on 25th and Rs.34,930 on 31st.

• During the course of the week, silver reached a monthly high of Rs.35,565 on 28th.

• Prices lost some value in the last 3 days to end at Rs.34,930.

• Silver prices appreciated in the 1st week of December.
• Prices were Rs.34,040 on 1st and Rs.35,015 on 7th.
• Silver was mostly positive through this week except on 3rd when prices dropped to Rs.33,660 and 7th when prices slid marginally to Rs.35,015 from Rs.35,050.

• Silver rates depreciated in the 2nd week.
• Rates were Rs.34,415 on 8th and Rs.33,670 on 14th.
• Silver slid to Rs.33,915 by 11th before stabilizing at Rs.34,010 till 13th.
• There was a loss of Rs.340 in silver value on 14th when prices touched Rs.33,670.

• Silver Rates were stable on the whole in the 3rd week.
• Prices were Rs.33,290 on 15th and Rs.33,900 on 21st.
• Prices didn’t breach the limits of Rs.33,000 and Rs.34,000 all through the week.

• Silver Rates depreciated by Rs.615 in the last few days of December.
• Prices were Rs.34,020 on 22nd and Rs.33,405 on 31st.
• Silver remained steady at a little over Rs.34,000 all through the 4th week, before dropping to Rs.33,490 on 29th and settling at Rs.33,405 for the month and year.

• Silver Rates in Mumbai depreciated in the 1st week of November.
• Prices were Rs.37,670 on 1st and Rs.36,100 on 7th.
• Silver declined to Rs.36,200 on 4th and appreciated to Rs.36,450 on 5th where it stayed till 6th.
• Prices dropped by Rs.350 on 7th to settle at Rs.36,100.

• Silver lost value again in the 2nd week.
• Prices were Rs.36,100 on 8th and Rs.35,000 on 14th.
• Silver traded in the negative throughout the week except for a few days when it was stable at previous days’ rates.
• Rates dropped on 10th, 11th, and 13th.

• Silver Rates were stable overall in the 3rd week.
• Prices were Rs.35,000 on 15th and Rs.34,995 on 21st.
• Silver dropped to a week’s low of Rs.34,675 on 18th before recovering the losses through two days of positive trading on 19th and 21st.

• Silver Rates declined by Rs.1,045 in the last days of November.
• Prices were Rs.34,995 on 22nd and Rs.33,940 on 30th.
• Silver dropped to Rs.34,290 on 26th before gaining marginally to Rs.34,310 on 27th.
• Prices dropped again on 28th and 30th to end the month at Rs.33,940.