Silver Rate in Mysore

  • Today's Silver Rate In Mysore ( 12 Dec 2019 )
    ₹ 47
    Today's Silver Rate per gram
    Compare Silver Rate In Mysore (Today & Yesterday)
    Today
    (12 Dec 2019)
    Yesterday
    (11 Dec 2019)
    Rate Change
    Silver (1 gram) ₹ 47 ₹ 46.5 ₹ 0.5 ↑
    Bar Silver (1 Kg) ₹ 47,000 ₹ 46,500 ₹ 500 ↑
    Silver Price In Mysore for Last 10 Days
    Date Silver (1 gram) Bar Silver (1 Kg)
    12 Dec 2019 ₹ 47 ₹ 47,000
    11 Dec 2019 ₹ 46.5 ₹ 46,500
    10 Dec 2019 ₹ 46.4 ₹ 46,400
    09 Dec 2019 ₹ 46.5 ₹ 46,500
    08 Dec 2019 ₹ 46.6 ₹ 46,600
    07 Dec 2019 ₹ 46.6 ₹ 46,600
    06 Dec 2019 ₹ 47.6 ₹ 47,600
    05 Dec 2019 ₹ 47.6 ₹ 47,600
    04 Dec 2019 ₹ 47.9 ₹ 47,900
    03 Dec 2019 ₹ 47.7 ₹ 47,700

    Weekly & Monthly Graph of Silver Rate in Mysore

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    *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 Mysore

    Silver is one of the precious metal that people buy after gold as an ornament or as a form of investment in Mysore. As an alternative to gold, silver has provided better returns than gold in Mysore. Silver prices are seen to be rising when the economy and markets were bearish or when there was no certainty over the future trends. This precious metal seems to be stable all over the world even in times of financial uncertainty. Silver, in Mysore, has been called as the ‘poor man’s gold’. The individuals buy silver in the form of jewelry, utensils and as gift items. Rural areas use silver as hedge against inflation.

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

    Parameters Silver Price (per kg)
    November 1 Rate Rs.50,500 per kg
    November 30 Rate Rs.48,100 per kg
    Highest Rate in November Rs.50,700 per kg on 2 and 3 November
    Lowest Rate in November Rs.47,200 per kg on 9 and 10 November
    Overall Monthly Performance Decline
    Percentage Change -4.75%
    • Silver opened the month of November at Rs.50,500 per kg in Mysore. Compared to the previous month’s closing price, the rates increased by Rs.500 per kg. This was accounted to the interest rate cut by the Federal Reserve.
    • With the ongoing trade war between the United States and China, silver prices shot up on the second day of the month and recorded its highest for November when every kilogram of silver cost Rs.50,700.
    • Over the month, the prices saw a lot of fluctuations. The rates dropped to its lowest on 9 November when a kg cost Rs.47,200. Silver prices continued to record slight increase or decrease in the prices till the end of the month before closing at Rs.48,100 per kg in Mysore.
    • Silver’s overall performance in Mysore over the month of November was –4.75%, trending downwards.

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

    Parameters Silver Price (per kg)
    October 1 Rate Rs.47,400 per kg
    October 31 Rate Rs.50,000 per kg
    Highest Rate in October Rs.50,400 per kg on 26 and 27 October
    Lowest Rate in October Rs.47,400 per kg on 1 October
    Overall Monthly Performance Incline
    Percentage Change 5.4%

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

    Parameters Silver Price (per kg)
    September 1 Rate Rs.51,600 per kg
    September 30 Rate Rs.48,500per kg
    Highest Rate in September Rs.55,200 per kg on 4 September
    Lowest Rate in September Rs.48,500 per kg on 30 September
    Overall Monthly Performance Decline
    Percentage Change -6%

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

    Parameters  Silver Price (per kg) 
    August 1 Rate  Rs.44,100  per kg
    August 31 Rate  Rs.51,600 per kg
    Highest Rate in August  Rs.52,200 per kg on 29 August 
    Lowest Rate in August  Rs.44,100 per kg on 1 August 
    Overall Monthly Performance  Incline 
    Percentage Change  17% 

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

    Parameters  Silver Price (per kg) 
    July 1 Rate  Rs.40,500 per kg  
    July 31 Rate  Rs.44,800 per kg  
    Highest Rate in July  Rs.44,900 per kg on 25 July  
    Lowest Rate in July  Rs.40,400 per kg on 2 July  
    Overall Monthly Performance  Incline  
    Percentage Change  10.61%  

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

    Parameters Silver Price (per kg)
    June 1 Rate Rs.39,400 per kg
    June 30 Rate Rs.40,800 per kg
    Highest Rate in June Rs.41,500 per kg on 21 June
    Lowest Rate in June Rs.39,400 per kg from 1 - 2 June
    Overall Monthly Performance Incline
    Percentage Change 3.55%
    • Silver prices at the beginning of June were Rs.39,400 per kg. This was the lowest for the month. However, prices steadily rose closing at Rs.40,300 per kg on 9 June. This increase was due to increased offtake by industrial units and coin makers.
    • Prices then fell to Rs.39,600 per kg on 11 June. The fall in prices was due to a reduced offtake by coin makers and industrial units.
    • Post 14 June, silver prices steadily increased peaking at Rs.41,500 on 21 June amid strong overseas cues and increased industrial offtake.
    • The metal closed at Rs.40,800 per kg towards the end of the month (30 June). The steady increase in the rate of silver through the month was a reflection of heightened economic tensions globally and quantitative easing.

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

    Parameters Silver Price (per kg)
    May 1 Rate Rs.40,500 per kg
    May 31 Rate Rs.39,400 per kg
    Highest Rate in May Rs.40,500 per kg on 1 and 2 May
    Lowest Rate in May Rs.39,200 per kg from 20-22 May
    Overall Monthly Performance Decline
    Percentage Change -2.71%
    • After opening steadily at Rs.40,500 per kg, the silver rate in Mysore dropped constantly due to weak local and industrial demand clubbed with fluctuating overseas cues. On 12 May, the white metal was trading at Rs.40,100 per kg.
    • The ongoing trade dispute between US and China, despite causing economic uncertainty, did not affect the value of the US dollar. The value of the dollar being stagnant, and investor interest in silver fluctuating, the metal briefly rose to Rs.40,400 per kg on 14 May.
    • Local and industrial demand for silver continued to stagnate while weak overseas cues too had a negative impact on the silver rates. Furthermore, higher import costs for the metal deterred investors and buyers causing the price of the metal to plummet further. On 26 May, it dropped to Rs.30,400 per kg.
    • Tensions caused by the US Iran conflict unsettled global an US markets which did not help bullion offtake. The value of the metal still stagnated as demand still remained weak and fell steeply to Rs.39,100 per kg on 29 May. By the end of the month, it recovered slightly to Rs.30,400 per kg, recording a percentage decline of 2.71 for the month.

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

    Parameters Silver Price (per kg)
    April 1 Rate Rs.40,600 per kg
    April 30 Rate Rs.40,500 per kg
    Highest Rate in April Rs.41,000 per kg on 9 April
    Lowest Rate in April Rs.40,200 per kg on 15 and 24 April
    Overall Monthly Performance Decline
    Percentage Change -0.24%

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

    Parameters Silver Price (per kg)
    March 1 Rate Rs.42,700 per kg
    March 31 Rate Rs.40,600 per kg
    Highest Rate in March Rs.42,700 per kg on 1 March
    Lowest Rate in March Rs.40,200 per kg on 29 March
    Overall Monthly Performance Decline
    Percentage Change -4.91%
    • The white metal experienced a dip in value from the previous month due to the strengthened dollar and weakened equity. Silver rate in Mysore stood at Rs.42,700 per kg. Although a decline from last month, this was the highest that the metal stood at for the month.
    • The dollar then managed to rise above the Euro on the 7th after the European Central Bank postponed their interest hike. This withheld economic crisis and thereby withheld the growth of gold. The price of silver stood at Rs.41,000 per kg.
    • Silver hit its lowest point for the month on 29th when it stood at Rs.40,200 per kg. During this time, other equites too dipped in value.
    • A percentage decline of 4.91 was recorded at the end of March when the white metal was priced at Rs.40,600 per kg.

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

    Parameters Silver Price (per kg)
    February 1 Rate Rs.43,900 per kg
    February 28 Rate Rs.43,300 per kg
    Highest Rate in February Rs.44,100 per kg on 5 February
    Lowest Rate in February Rs.42,700 per kg on 14 February
    Overall Monthly Performance Decline
    Percentage Change -1.36%
    • When trading for silver commenced for the month of February, the metal opened at Rs.43,900 per kg. Fluctuating overseas trends impacted local offtake and silver prices were expected to fluctuate in the following days.
    • The value of the US Dollar fell and silver rates in Mysore surged and recorded the highest silver rate of Rs.44,100 per kg on 5 February.
    • Silver rates dropped to Rs.42,800 per kg on 12 February and further fell to a monthly low of Rs.42,700 per kg on 14 February as investors feared the impact of Brexit on the economy and the value of the US Dollar recovered.
    • During the end of the month, silver rates fell and closed at Rs.43,300 per kg after positive economic data was released in the US. The value of silver fell by 1.36% during the month.

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

    Parameters Silver Price (per kg)
    January 1 Rate Rs.41,500 per kg
    January 31 Rate Rs.43,900 per kg
    Highest Rate in January Rs.43,900 per kg on 30 and 31 January
    Lowest Rate in January Rs.41,400 per kg on 2 December
    Overall Monthly Performance Incline
    Percentage Change 5.78%
    • Silver was priced at Rs.41,500 per kg on 1 January and rose to Rs.42,600 per kg on 10 January as local industrial demand was on the rise due to favourable market cues.
    • Asian industrial demand was muted due to the trade sanctions on China which was reflected in a slight dip in price when silver traded at Rs.42,100 per kg on 19 January.
    • Market uncertainty over the impact of Brexit and the U.S. government shutdown resulted in renewed investor interest in bullion as silver prices recovered to trade at Rs.43,200 per kg on 26 January.
    • The surge in demand for silver from coin makers and retail sales boosted the metal’s value significantly as silver prices in Mysore closed the month at Rs.43,900 per kg to record a rise of 5.78% during the month.

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

    Parameters Silver Price (per kg)
    December 1 Rate Rs.38,500 per kg
    December 31 Rate Rs.41,500 per kg
    Highest Rate in December Rs.41,500 per gram on 31 December
    Lowest Rate in December Rs.38,500 per gram on 1 December
    Overall Monthly Performance Incline
    Percentage Change 7.79%

    Silver Rate Trend in Mysore for December 2018:

    • Silver started the month of December priced at Rs.38,500 per kg on the 1st. As the week went by, the price appreciated by a good margin, given that on the 7th, it was being traded at Rs.39,600 per kg in Mysore.
    • The silver prices continued to rise over the course of the month. The rise was mainly caused by investors, who found refuge in bullion amidst the backdrop of falling equities and an underperforming greenback. On December 15, the industrial metal was being sold at Rs.40,600 per kg.
    • There was an exception to this bullish trend, which came in the third week of December. The demand for silver was mainly subdued among the local coin makers and industrial units. From December 19 to 23, the silver was priced flatly at Rs.39,800 per kg.
    • In the final week, the trend reversed handsomely as falling equities and other global cues continued to dominate the investors’ sentiments. The silver rate in Mysore on December 31 was Rs.41,500 per kg – marking an overall incline of 7.79%.

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

    Parameters Silver price (per kg)
    November 1 Rate Rs.40,900 per kg
    November 30 Rate Rs.38,800 per kg
    Highest Rate in November Rs.41,500 per kg from 2-4 and 6 November
    Lowest Rate in November Rs.38,800 per kg on 30 November
    Overall Monthly Performance Decline
    Percentage Change -5.13%

    Silver Rate Trend in Mysore for November 2018:

    • On November 1, the price of silver in Mysore was Rs.40,900 per kg. The first week of the month saw a steady increase in the silver rate owing to the high demand from the festive season. Consequently, later in the week, the price peaked at Rs.41,500 per kg.
    • After the festive season, the demand for silver receded among the local industrial units and coin makers. Consequently, the price slipped to Rs.40,000 per kg on November 12.
    • Over the course of the month, the upward movement of dollar and the speculation of a possible interest rate hike by the U.S. Fed Reserve prompted the investors to move away from bullion to the greenback.
    • With a rising dollar, the cost of imports too increased sharply. This led to a drop in demand for silver, with the price on November 30 being Rs.38,800 per kg. On a monthly basis, this marked a drop of 5.13 in the silver rate in Mysore.

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

    Parameters Silver price (per kg)
    October 1 Rate Rs.41,100 per kg
    October 31 Rate Rs.41,200 per kg
    Highest Rate in October Rs.42,000 per kg on 3 October
    Lowest Rate in October Rs.41,100 per kg on 1 and 2 October
    Overall Monthly Performance Incline
    Percentage Change 0.24%

    October 2018 - Week 1 (1-7):

    • Silver began the week trading at Rs.41,100 per kg with weak demand for the industrial metal amid poor overseas market trends. This was also the lowest silver prices recorded in the state.
    • Silver prices in Mysore surged to Rs.42,000 per kg on 3 October with the US dollar depreciating against other apex currencies ahead of the US Federal Reserve meeting.
    • Demand for the white metal stabilised as the week progressed and silver was recorded trading at Rs.41,900 per kg on the last day of the week.

    October 2018 - Week 2 (8-14):

    • Silver rates in Mysore opened the week trading at Rs.41,500 per kg after the dollar gained over other currencies and bullish equity markets prompted the decline in silver rates by Rs.400 per kg.
    • Weak overseas cues coupled with subdued domestic demand from industries and coin makers led to silver prices dropping to Rs.41,200 per kg on 9 October.
    • However, with increased demand from industrial units amid fluctuating markets, rates of the white metal rose to Rs.41,500 per kg when the week ended.

    October 2018 - Week 3 (15-21):

    • When the week began silver was recorded trading at Rs.41,900 per kg, inclining by Rs.400 per kg over the previous day with strong demand amid stable overseas market cues triggered by the losing dollar and equities.
    • Prices of the white metal declined to Rs.41,400 per kg on 17 October, demand for the industrial metal rose as the week progressed with silver trading at Rs.41,700 per kg on 18 October.
    • With subdued but stable demand from the domestic industries and coin makers, silver declined to trade at Rs.41,500 per kg on the last two days of the period.

    October 2018 - Week 4 (22-28):

    • Silver traded at Rs.41,500 per kg when the week began on 22 October with domestic markets increasing their purchases in the back of positive overseas cues.
    • With the US dollar losing value over other apex currencies, demand for silver inclined and the white metal was recorded trading at Rs.41,900 per kg on 24 October.
    • Trading concluded for the week with silver priced at Rs.41,700 on 28 October with subdued but stable demand from local industries and coin makers.

    October 2018 - Week 5 (29-31):

    • The final week saw silver priced at Rs.41,600 per kg on 29 October with demand from the local market suppressed by the strong dollar and rising equities.
    • Silver prices on the last day of the month stood at Rs.41,200 per kg with the demand for the industrial metal declining amid unfavourable overseas trend.
    • The month witnessed an incline of 0.24% on silver prices in Mysore attributed to a strong overseas market trend coupled with steady demand from the domestic market.

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

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

    September 2018- Week 1 (1-8)

    • In Mysore, silver was priced at Rs.40,000 per kg on 1st September 2018.
    • Though a marginal increase of Rs.100 per kg was recorded on the 2nd of the month when the metal traded at Rs.40,100 per kg it was almost negligible as the price of the metal quickly bounced back to Rs.40,000 per kg on the 3rd before recording a monthly low of Rs.39,500 per kg from 5th to 7th of the month.
    • Silver rates in Mysore managed to incline by the end of the week and closed at Rs.39,700 per kg as the ongoing trade war affected the stock markets negatively and investors turned towards safe-haven assets.

    September 2018- Week 2 (9-15)

    • On the 9th of the month, silver prices stood unchanged and continued to trade at Rs.39,700 per kg.
    • As the value of the US dollar fell compared to a basket of apex currencies, the price of silver in Mysore inclined and traded at Rs.39,700 per kg from 11 to 13 of the month.
    • The value of the US dollar fell further after the US inflation data was released due to which silver rates in Mysore inclined to Rs.39,800 per kg on 14 before closing at Rs.39,500 per kg on 15.

    September 2018- Week 3 (16-22)

    • No positive changes in the retail demand for the metal on day one of week 3 and silver continued to be sold at Rs.39,500 per kg on 16 September in Mysore.
    • However, on 17, 18, and 19 September, silver rates inclined due to high demand and a weak US dollar and traded at Rs.39,700 per kg, Rs.39,800 per kg, and Rs.40,000 per kg respectively.
    • In the last few days of the week, silver rates further inclined and traded at Rs.40,100 per kg on 20 and 21 and closed at Rs.40,300 per kg on 22 September.

    September 2018- Week 4 (23-30)

    • Silver opened at Rs.40,300 per kg on 23 September in Mysore but quickly fell to Rs.40,000 per kg on 24 due to weak demand.
    • However, in the following days silver recovered and surged to R.40,200 per kg on 25 inclining further and settling at Rs.40,800 per kg on 26 September.
    • Silver recorded the highest rate for the month on 29 and 30 September when the metal traded at Rs.41,200 per kg and recorded an overall incline of 3% for the month.

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

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

    August 2018 - Week 1 (1 to 5):

    • When trading began for the month in Mysore, silver was priced strong at Rs.41,400 per kg - the highest recorded monthly figure - on the 1st with steady industrial demand amid positive global cues.
    • Demand, however, declined over the next couple of days after positive US economic data led to the greenback surging against other foreign currencies at the global level. This led to silver prices dropping to Rs.41,000 per kg on the 3rd.
    • Thanks to an increased industrial offtake towards the end of the week, silver rate in Mysore rebounded to Rs.41,300 per kg on the 4th.
    • The week concluded with silver priced at Rs.41,300 per kg on the 5th with steady local demand from industries and coin makers amid the positive market cues overseas.

    August 2018 - Week 2 (6 to 12):

    • Trading commenced for the week with the industrial metal priced at Rs.41,300 per kg on the 6th with steady investor demand amid the weakening greenback and poorly performing stock markets.
    • Positive global cues coupled with strong demand led to silver price in Mysore touching a monthly high of Rs.41,400 per kg on the 9th for the second time.
    • However, with demand stabilising towards the end of the week, silver rates dropped by over Rs.200 per kg to stand at Rs.41,200 per kg on the 12th when the week ended.

    August 2018 - Week 3 (13 to 19):

    • The third week began with silver prices holding firm at Rs.41,200 per kg on the 13th with domestic markets capitalising on the previous week’s gains amid the firm trend overseas.
    • However, with the US dollar regaining lost ground amid the well-performing equity markets, demand for the metal dropped considerably during the week.
    • On the 16th, the white metal was recorded trading as low as Rs.39,900 per kg amid the weak market trend abroad.
    • The reason behind the decline in prices was due to the strong nature of the US dollar index brought about by the positive US employment data that indicated a stronger US economy.
    • The week concluded with silver in Mysore trading relatively higher at Rs.40,000 per kg on the 19th as traders and market participants ramped up purchases in order to stock their inventories.

    August 2018 - Week 4 (20 to 26):

    • The penultimate week of trading began with silver holding steady at Rs.40,000 per kg on the 20th.
    • The week saw silver price in Mysore dropping considerably with local demand being capped by the strong greenback and good returns on the equities.
    • Silver was recorded trading at its lowest level during the month with the metal priced at Rs.39,800 per kg on the 24th amid the weak trend overseas.
    • Thanks to an increase in demand towards the end of the week, silver was priced at Rs.40,200 per kg on the 26th.

    August 2018 - Week 5 (27 to 31):

    • The final week began with the white metal priced at Rs.40,200 per kg on the 27th with subdued but steady demand from local industries and coin makers.
    • Silver prices fluctuated over the next couple of days before stabilising at Rs.40,300 per kg on the 30th amid the firm trend overseas.
    • The month came to an end with silver rate in Mysore holding at Rs.40,300 per kg on the 31st, recording a loss of 2.65% in the metal trade during the course of the month.

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

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

    July 2018- Week 1 (1-10)

    • Silver opened at Rs.42,800 per kg in Mysore on 1 July 2018.
    • Though silver rates remained stable for a day, on 3 July, a dip in silver rates was noted. Due to the decline in industrial demand, silver rates fell by Rs.400 and traded at Rs.42,400 per kg.
    • However, in the following days, the price of the metal rose marginally in Mysore to Rs.42,800 per kg.
    • At the end of the first week of July, the silver rate rose to Rs.42,900 per kg on the 9 - 10 July. This was the highest silver price recorded in the month of July in Mysore.
    • The increase in silver prices during the last few days can be linked to the high demand for the metal and the declining value of the US dollar.

    July 2018- Week 2 (11-17)

    • On 11 July, silver prices fell by Rs.300 per kg and traded at Rs.42,600 per kg. The fall in silver rates was directly proportional to the fall in the demand for the metal.
    • As the industrial demand for silver in Mysore reduced further, the metal was traded at Rs.42,200 per kg from 12 - 14 July.
    • The price of the metal increased by Rs.100 per kg on 16 July and stood at Rs.42,300 per kg.
    • However, on 17 July, the end of week 2, the price of silver in Mysore fell by Rs.200 per kg and traded at Rs.42,100 per kg.

    July 2018- Week 3 (18 - 24)

    • A decline in silver prices in Mysore was noted when week 3 began. The price of the metal dropped to Rs.41,700 per kg. This was the price as recorded on 18 July. Again poor demand from industrial units led to a fall in silver prices.
    • On 20 July, silver rates fell further by Rs.400 per kg and traded at Rs.41,300 per kg as the US dollar value in comparison with other currencies rose.
    • Demand for the metal increased in the following few days which led to the increment in the silver rate. The price of silver in Mysore on 21 - 22 July stood at Rs.41,700 per kg.
    • The price of the metal then declined towards the end of the week in Mysore as it stood at Rs.41,400 per kg on 24 July.

    July 2018- Week 4 (25 - 31)

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

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

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

    June 2018 - Week 1 (1 - 10):

    • Silver was sold at Rs.42,800 per kg on the 1 June in Mysore. The price of silver looked positive with steady domestic demand from industrial units and local coin makers amid firm overseas trends.
    • However, as the US employment data was released which indicated positive changes to the US economy, the value of the US dollar inclined overnight. On 2 June, the rate of silver fell and recorded the lowest rate of the month in Mysore when the metal traded at Rs.42,600 per kg.
    • Though the trend overseas wasn’t favourable, local demand for the metal help silver rates remained stable till 5 June.
    • Ahead of the G7 summit, investors preferred safe-haven assets which helped silver prices rebound and trade at Rs.42,900 per kg on 6 June.
    • In the much-awaited G7 summit, the US President blamed other leaders of the G7 participating nations for wrongful trade practices because of which the US greenback weakened to a large extent. This helped silver rates in Mysore surge and trade at Rs.43,600 per kg on 8 June.
    • Silver closed at Rs.43,700 per kg on 10 June with strong investor demand.

    June 2018 - Week 2 (11 - 17):

    • An increase on Rs.200 per kg was recorded on the first day of week 2. Silver traded at Rs.43,900 per kg on 11 June. The domestic markets capitalised on the previous week’s gains amid the firm trend overseas.
    • On 12 June, silver rates saw prices surged further to Rs.44,000 per kg before dipping to Rs.43,900 per kg the next day.
    • With the US dollar index losing against a basket of other major currencies, demand for the metal surged considerably during the week.
    • The price of the metal inclined to Rs.44,300 per kg on 14 June and increased further to Rs.45,000 per kg on 15 June. This was also the highest recorded silver price for the of June in Mysore. Silver rates could rise so well due to strong investor demand and weakening US dollar.
    • However, demand stabilised towards the end of the week and silver was closed at Rs.44,300 per kg on the 17.

    June 2018 - Week 3 (18 - 24):

    • On the first day of week 3, silver rates in Mysore fell by Rs.900 per kg and traded at Rs.43,400 per kg amid the recovering US dollar and equities.
    • Due to poor demand and strengthening US dollar, the price of the metal fell further on 19 June and traded at Rs.43,100 per kg.
    • Silver rates fell further to Rs.42,900 per kg on 21 June as the value of the US dollar kept growing strong.
    • Poor trend overseas coupled with reduced industrial offtake for the metal kept silver rates trade at Rs.42,900 per kg till 24 June.

    June 2018 - Week 4 (25 - 30):

    • Silver opened at Rs.43,200 per on 25 June in Mysore. Traders and domestic market participants increased their purchases in order to stock their inventories.
    • With the US dollar regaining lost ground against a basket of other major currencies, demand for the metal dropped significantly throughout the week.
    • Silver traded at Rs.43,000 per kg on 28 June before falling to Rs.42,800 per kg the next day amid the weak trend overseas.
    • Trading closed for the month with silver priced at Rs.42,800 per kg on the 30th, the same rate the metal was valued at when the month began, with subdued but steady demand from local industrial units and coin makers.

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

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

    May 2018 - Week 1 (1 - 6):

    • Silver was priced at Rs.42,000 per kg when trading commenced for the fifth month of 2018 with rates slated for an increase over the course of the week.
    • On the 2nd, silver rates went up to Rs.42,600 per kg as demand for the metal was on the higher side, owing to a rise in global cues.
    • Demand was steady for the remainder of the week and silver rates, as a result, didn’t record any major changes.
    • When the week ended, silver was still seen trading at Rs.42,600 per kg.

    May 2018 - Week 2 (7 - 13):

    • The second week of May began with silver rates dropping to Rs.43,200 per kg - a Rs.400 per kg decline from the previous day’s closing rates.
    • As demand continued to slow down, silver rates in Mysore dropped further to Rs.43,000 per kg on the 8th of the month.
    • The US and North Korea had its conflict gripping the market, which caused demand to rise after economies seemed jittery.
    • With the market plummeting, and demand from industries rising, silver rates went further up to Rs.43,500 per kg on the 11th.
    • Demand remained steady for the next few days and silver prices held on at Rs.43,500 per kg till the closing hours of the week.

    May 2018 - Week 3 (14 - 20):

    • When the third week of May began on the 14th, the white metal’s rates had risen to Rs.43,600 per kg.
    • The US-North Korea summit, which was expected to be held in Singapore, seemed to be inching towards an unexpected demise, silver prices received further impetus for the growth seen over the previous few days.
    • Markets stabilised and the US dollar seemed to rise during the midweek and silver rates dropped as a result.
    • On the 15th, silver prices dropped to Rs.43,300 per kg before dropping further to Rs.43,000 per kg the next day as dollar continued to rise.
    • Rates rose briefly on the 16th to Rs.43,200 per kg as demand from industrial units and coin makers went up slightly.
    • This dropped back on the 18th, to Rs.43,000 per kg as demand from the local market seemed to dry up.
    • As demand remained weak, silver rates were seen holding at Rs.43,100 per kg on the final day of the week.

    May 2018 - Week 4 (21 - 27):

    • The fourth week of May began with silver opening at Rs.43,100 per kg before surging to Rs.43,500 per kg on the 22nd.
    • Rates dropped on the 23rd to Rs.43,300 per kg before a significant rise of Rs.500 was recorded the subsequent day.
    • On the 24th, silver traded at a monthly high rate of Rs.43,800 per kg as demand for the metal seemed to be on the rise as purchases increased.
    • Demand subsided, which caused prices to drop slowly. On the final day of this week, silver was seen trading at Rs.43,600 per kg.

    May 2018 - Week 5 (28 - 31):

    • When the final week’s trading started, silver was priced at Rs.43,100 per kg. A startling Rs.500 per kg decline from the previous day’s rates.
    • This was brought about by a poor demand, which was brought about by significantly weakened local demand and a rising dollar.
    • Rates dropped to Rs.42,900 per kg after it was confirmed that the US-North Korea summit would go on as planned.
    • Slight change in demand led to silver trading at Rs.43,100 per kg on the final day of May. Silver rates had dropped by as much as 2.61% this month, thanks to a strong demand for the metal.

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

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

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

    • Trading commenced for the month in Mysore with the white metal prices holding at Rs.41,400 per kg on the 1st.
    • Rates dropped to Rs.41,300 per kg on the 2nd before poor dollar performances coupled with losing equities led to silver prices rebounding to Rs.41,600 per kg on the 3rd.
    • The 4th witnessed rates dropping to Rs.41,300 per kg due to a decline in industrial offtake for the metal.
    • Poor trends overseas coupled with weak global cues led to prices dropping further to Rs.41,000 per kg on the 5th. This was also the lowest recorded monthly figure in Mysore.
    • However, with the US dollar index losing against a basket of other emerging currencies, the greenback weakened. This led to silver prices holding steady at Rs.41,200 per kg for the remainder of the week.

    April 2018- Week 2 (8 - 15):

    • The second week began with silver trading at Rs.41,200 per kg on the 1st with steady demand from industrial units and coin makers.
    • The 10th saw silver rates rising to Rs.41,300 per kg before surging to Rs.41,700 per kg on the 11th following an increase in demand brought about by an increased industrial offtake for the metal.
    • Strong domestic demand coupled with positive market trends led to silver prices in Mysore surging to Rs.42,000 per kg on the 12th.
    • However, an increase in the US dollar value after the dollar index rose against a basket of other emerging currencies led to rates dropping to Rs.41,600 per kg on the 13th.
    • The next couple of days saw silver being priced at Rs.41,900 per kg as the US-led airstrike on Syria led to an incline in safe-haven demand around the world.

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

    • Trading commenced for the week with the white metal trading at Rs.42,100 per kg on the 16th with strong global cues pushing demand higher for the metal.
    • The next couple of days saw silver rates rising with tensions rising in the Korean Peninsula, pushing demand higher for the metal.
    • On the 19th, the industrial metal was recorded trading at Rs.43,700 per kg amid the firm trend overseas.
    • With the US dollar losing against other apex currencies, silver prices in Mysore recorded highest monthly figure of Rs.43,800 per kg on the 20th.
    • Thanks to strong demand from industries and coin manufacturers, rates remained unaltered at Rs.43,800 per kg for the remainder of the week.

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

    • The week began with silver priced relatively lower at Rs.43,700 per kg on the 23rd before plunging to Rs.43,000 per kg on the 24th as the US dollar regained lost ground amid the well-performing equity markets.
    • Poor trends overseas coupled with declining industrial demand led to silver rates dropping over the next few days.
    • Silver was recorded trading at Rs.43,100 per kg on the 25th before plunging to Rs.43,000 per kg on the 26th amid the recovering US dollar.
    • The next two days saw silver rates holding at Rs.42,800 per kg on account of subdued industrial demand amid poor global cues.
    • The month ended with the white metal trading at Rs.42,300 per kg on the 30th and silver rates in Mysore recorded an increase of 2.17% during the course of the month.

    Trend of Silver Rate in Mysore for June 2017 (rates per kilogram)

    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 (1 -4):

    • Gold prices in Mysore were recorded at Rs.40,500 per kg when trading began for the month of June.
    • A steep decline in demand brought prices down to Rs.39,800 per kg on the 2nd.
    • The sudden drop in prices was due to a significant decrease in local demand brought about by a strengthened US dollar.
    • However, as demand increased, silver rates went back up to Rs.40,400 per kg on the 3rd and remained there till the end of the week on the 4th.
    • Despite a major price reduction, bullion market performed better after US President Donald Trump’s Russia controversy took centre stage.

    June 2017 - Week 2 (5 -11):

    • As there were some overnight trading cues, silver prices opened at Rs.40,600 per kg on the 5th.
    • Thanks to a sustained demand from industrial units and coin makers in the city, silver rates remained unchanged for the subsequent four days.
    • From the 5th to the 9th, silver prices were holding at Rs.40,600 per kg.
    • The 9th, however, saw prices drop by Rs.400 for the white metal to trade at Rs.40,200 per kg.
    • On the 10th, silver prices dropped as demand fell slightly to end the day at Rs.39,900 per kg and continued the next day at the same rate.

    June 2017 - Week 3 (12 - 18):

    • Price drops remained a recurring theme for the third week of June.
    • On 12th, silver was trading at Rs.39,700 per kg, which then went down to Rs.39,300 per kg on the 13th.
    • Prices went down again on the 14th to Rs.39,200 per kg before briefly going up to Rs.39,300 per kg on the 15th.
    • As local industries refrained from investing in the metal, prices dipped to Rs.39,100 per kg on the 16th.
    • Rates again dropped, to hit Rs.39,000 per gram on the 17th, as demand didn’t seem to pick up.
    • On the last day of the week, i.e., the 18th, gold prices remained steady at Rs.39,000 per kg.

    June 2017 - Week 4 (19 - 25):

    • Overnight trading cues saw to it that silver prices fell when the day began on the 19th.
    • Prices had dropped by Rs.300 when trading started on the 19th to start at Rs.38,700 per kg.
    • On 20th, prices fell to Rs.38,600 per kg and remained unchanged on the 21st, thanks to sustained demand.
    • However, prices surged on the 22nd due to increased demand to go up to Rs.38,900 per kg.
    • Price fall on the first three days were curtailed by consistent improve which was reflected on the 23rd.
    • Over the next couple days, silver prices remained steady at Rs.39,000 per kg due to relatively sufficient demand.

    June 2017 - Week 5 (26 - 30):

    • During the final week of June, silver prices soared on a regular basis.
    • On the 26th, silver was trading at Rs.39,000 per kg but, due to a drop in demand, prices went down to Rs.38,700 per kg.
    • After the fall the previous day, prices went up by Rs.600 to trade at Rs.39,300 per kg on the 28th and then at Rs.39,400 per kg on the 29th.
    • The last day of June saw silver trading at Rs.39,100 per kg as demand fell slightly.
    • Overall, silver prices fell at a rate of 3.45% for the month of June.

    Silver rates in Mysore are a good indication of the rates prevailing in the country. Silver rates in Mysore are constantly changing and are updated daily. The updated rate of silver information can be gathered from the dealers in Mysore directly or through the various online financial websites.

    Silver as an Investment:

    Silver can be invested in the following ways:

    Jewelry - Buying silver as a jewelry or artefact is expensive than buying silver coins. But a lot of households use silver cutlery. The children adorn the silver ornaments like anklets, chains, rings and earrings. But, when you resell the jewelry, the making charges of about 10% is deducted and a melting charges is levied, which lowers the returns.

    Coins and bars - Silver can be bought in coins and bars. Usually silver coins are used in India for gifting or during the puja ceremonies in certain religion. The silver purchases are high during the festive and wedding season. The banks also offer silver coins and bars but they won’t buy it back from you.

    Silver bullion - Through Bullion India, you can buy small quantities of pure silver at a lowest possible price with an option for free storage for no fee. The market rates are affordable and the quality is ensured. It is easy to open and operate the account. Minimum documentation is needed. You can redeem the holding and take physical delivery of the bullion at your doorstep.

    Leading Banks allow you to invest in physical silver and they provide certification for the same. But the silver is sold for a higher rate than that is being offered by the dealers and jewelers.

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    The rates are based on various indicators and information provided. People tend to buy silver despite the prices being high, as they believe that the silver bullion value will soar in the coming years.

    Where can you Buy Silver from in Mysore?

    You can buy silver in Mysore at Mysore Silver Palace, Bhima & Brother, MGB Jewellers, Nagaraja Shetty & Bros Jewellers, Sri Shanti Jewellers, Sri Krishna Jewellery Mart, Prakash Jewellers, Sri Misri Jewellers, Jayadeva Jewellers, etc. The jewelers will offer silver in the form of ornament, coins, bars and in any other customized form that the customers requires.

    Also Check Silver Price in NearBy Cities of Mysore

    Also Know: Gold Rate in Mysore

    Read more on Silver

    Silver Rate - Sitemap

    Silver Rate In Metro Cities
    Silver Rate In Other Capitals
    Silver Rate In Other Major Cities
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