• Silver Rate in Mysore

    Daily Silver Rates
    Date Silver (1 gram) Bar Silver (1 Kg)
    11 Dec 2018 ₹ 40.7 ₹ 40,700
    10 Dec 2018 ₹ 40.3 ₹ 40,300
    09 Dec 2018 ₹ 40.3 ₹ 40,300
    08 Dec 2018 ₹ 40.3 ₹ 40,300
    07 Dec 2018 ₹ 39.6 ₹ 39,600
    06 Dec 2018 ₹ 39.5 ₹ 39,500
    05 Dec 2018 ₹ 39.6 ₹ 39,600
    04 Dec 2018 ₹ 39.6 ₹ 39,600
    03 Dec 2018 ₹ 39 ₹ 39,000
    02 Dec 2018 ₹ 38.5 ₹ 38,500

    *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 September 2018 (rates per gram)

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

    Trend of Silver Rate in 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.

    Silver Price Trend in Mysore

    Silver rate as of 16th June, 2015 for 1 gram was Rs.39.36.

    The rates of was high at Rs.45,600 per kg in July 2014 and the lowest at Rs.35,990 in December 2014. The average value of silver over the last one year has been around Rs.39,000 per kg.

    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

    Silver Rate In Bangalore Silver Rate In Coimbatore Silver Rate In Kannur
    Silver Rate In Mangalore Silver Rate In Salem Silver Rate In Kozhikode
    Also Know: Gold Rate in Mysore

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