Silver Rate in Patna

October 2017 - Week 1 (1st to 8th)

• The price of silver was Rs.39,530 per kg on 1 October as demand was muted following poor demand from industry and retailers alike.
• Price were on the decline as the resumption of tensions between North Korea and the United States did not affect the dollar rate much, resulting in lower demand from Asian countries.
• Silver traded at Rs.39,110 per kg on 5 October with local demand also suffering due to overseas trends and a strengthening of the local market.
• A minor rise in price was recorded on 7 October as prices surged to surged to Rs.39,680 per kg following a drop in the dollar rate and higher demand from Asian industrial units.
• As local demand rise marginally, silver price in Patna were steady and ended the week trading at Rs 39,680 per kg on 8 October.

October 2017 - Week 2 (9th to 15th)

• There was a rise in the price of silver in the second week, with the industrial metal priced at Rs. Rs.39,950 per kg on 9 October after an initial market rally.
• As the U.S. continued to be beset by internal power struggles and rising discontent over the proposed changes to the tax law, markets were on the decline though there was no change in demand for precious metals.
• Silver rate in Patna rose to Rs.40,060 per kg on 10 October as demand was increasing following favourable market conditions as well as a rise in international demand.
• Silver price in Patna rose to Rs.40,390 per kg on 12 October and remained constant for the remainder of the week.

October 2017 - Week 3 (16th to 22nd)

• Silver opened the third week at Rs.40,440 per kg on 16 October, with the industrial metal’s price staying constant due to steady demand.
• There was some fluctuation in the price of silver during the week due to changes in demand from industrial units but prices held steady for the most part.
• Silver was priced at Rs.40,060 per kg on 18 October as demand for the metal fell in spite of Diwali, as dollar rates and international trends led to a drop in retail sales.
• Prices remained unstable for the remainder of the week, with silver rising momentarily to trade at Rs.40,285 per kg on 20 October.
• Demand dropped as the week drew to a close, with silver trading at Rs.40,060 per kg on 21 & 22 October.

October 2017 - Week 4 & Week 5 (23rd to 31st)

• The last week of October saw the a drop in the price of silver as industrial demand was poor following a rally by international markets and currencies.
• Silver was priced at Rs.40,040 per kg on 23 October, though silver price in Patna fell to Rs.39,780 per kg on 25 October as demand dropped steadily owing to poor local demand.
• Prices continued to fall as silver traded at Rs.39,435 per kg on 27 October after sustained uncertainty over the nuclear threat from North Korea.
• Local demand reflected trends seen overseas, with no increase in orders from industrial units as silver prices continued to slump.
• Silver price in Patna dropped to Rs.39,115 per kg on 29 & 30 October before ending the month at Rs. Rs.39,435 per kg on 31 October and registering a drop in value of 0.24% over the course of the month.

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

• Silver was priced at Rs.40,390 per kg in Patna when this week began.
• A steady demand brought about by local investors saw the white metal trade at Rs.40,390 per kg till the 3rd of the week.
• The US dollar’s weak performance followed by an increased local demand saw silver rates push up to Rs.41,075 per kg.
• As demand increased, silver prices in Patna went up to Rs.40,340 per kg and then to Rs.41,495 per kg as industrial ramped up their purchases to improve their inventory.
• Due to a sudden fall in demand on the 7th, rates fell to Rs.40,230 per kg.
• The final three days saw increased demand for silver as North Korea confirmed reports about its latest - and the most powerful nuclear test.
• On the 8th, silver was trading at Rs.41,675 per kg, which then increased to Rs.41,900 per kg on the 9th.
• The final day of this week saw silver trade at Rs.41,900 per kg.

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

• With demand for the metal remaining low, silver rates fell during the second week of September.
• When the week began on the 11th, the white metal was priced at Rs.41,075 per kg, before dropping to Rs.41,030 per kg on the 12th.
• Prices fell further to Rs.40,890 per kg on the 14th as investors from the industrial and jewellery sector remained wary of making purchases.
• A sustained but low demand saw silver trade at Rs.40,890 per gram on the final day of this week.

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

• When trading opened for the 18th, silver rates in Patna had further dropped to Rs.40,440 per kg as offtake from local investors failed to pick up.
• Prices went down again on the 19th to Rs.39,670 per kg as a strengthening US dollar pushed demand to new lows.
• By the end of the week, however, silver recovered to end at Rs.40,040 per kg.

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

• On the 25th of September, silver rates opened at Rs.39,670 per kg - a Rs.370 decline from the previous day’s rates.
• Silver rates in Patna rose to Rs.40,520 per kg on the 26th as jewellers and coin makers increased their purchases to meet the upcoming festive demand.
• But, the sudden spike came crashing down and the metal traded at Rs.39,780 per kg on the 27th before dropping down to monthly low figure of Rs.39,530 per kg on the 28th of September.
• When the month came to an end, silver rates were still holding at Rs.39,530 per kg.

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

• On the 1st of August, when the month started, silver was priced at Rs.38,925 per kg.
• Silver price in Patna fell to Rs.38,455 per kg on the 2nd due to a lack of demand from various concerned parties, i.e., industrial units and coin makers hailing from the city.
• Silver rates in Patna slumped further to Rs.37,965 per kg on the 3rd as a result of demand still remaining weak.
• The 4th saw prices increase to Rs.38,120 per kg as bullion demand surged all over the country and hence the city.
• This sudden rise in prices was an anomaly, though. Rates fell by nearly Rs.900 to go down to Rs.37,235 per kg as demand fell again amidst weak global demand.
• When the week came to an end, silver was still trading at Rs.37,235 per kg.

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

• The second week of August began on a glum note due to little change in demand.
• On the 7th, the white metal was trading at Rs.37,295 per kg. Rates surged to Rs.38,345 per kg as industrial demand pushed purchases up and subsequently the prices.
• Silver rate in Patna fell back again on the 9th to reach Rs.37,965 per kg as the number of purchases went down.
• The 10th saw Silver rates in Patna rise to Rs.38,925 per kg as a direct result of the rising tensions between the US and North Korea.
• Silver prices in Patna went up on the 11th also, to Rs.39,530 per kg, as investors —coin makers and industrial units — decided to increase their inventory.
• Over the 12th and the 13th, Silver rates in Patna was seen holding at Rs.39,670 per kg as demand remained steady.

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

• Silver rates in Patna fluctuated considerably towards the latter half of this week.
• On the 14th of the month, silver was trading at Rs.39,670 per kg. This rate continued on to the 15th as well, thanks to sustained purchases from various quarters of the city.
• The 16th, however, saw prices drop to Rs.38,815, due to a weak trend overseas.
• With investors ramping up their purchase, Silver rates in Patna pushed back up to Rs.39,530 per kg on the 17th before falling again, to Rs.39,115 per kg.
• As demand was stable, rates remained at Rs.39,115 per kg till the end of the week.

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

• The US dollar bounced back during the mid week which affected global as well as local silver sales.
• On the 21st of August, silver was seen trading at Rs.39,115 per kg - the same price as seen at the closing hours of the 20th.
• Silver price in Patna went up to Rs.39,265 per kg on the 21st before remaining steady on the 22nd.
• The 24th saw prices increase to Rs.39,355 per kg before dropping to Rs.38,995 per kg on the 25th as dollar rallied against other currencies.
• Silver prices in Patna remained at Rs.38,995 per kg over the final two days of this week, owing to steady demand for the metal.

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

• The last week of August began with the metal trading at Rs.39,435 per kg.
• Rates went up to a monthly high figure of Rs.40,190 per kg on the 29th and the 30th as jewellers ramped up their purchases to meet retail demand.
• When the month came to an end on the 31st, silver was seen trading at Rs.40,040 per kg.
• Silver price in Patna trends increased considerably at a rate of 2.86% for this month.

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

• In Patna, silver was priced at Rs.38,640 per kg when the month of July began.
• Demand for the white metal remained weak due to weak global cues and poor industrial offtake.
• Silver rates went up to Rs.38,690 on the 3rd- the highest gold rate for the month - as coin makers were trying to take advantage of a comparatively cheaper price trend.
• On the 4th, prices dropped by nearly Rs.1,000 per 1 kg silver to Rs.37,705 per kg as industrial units limited their risk by investing in the metal less and less.
• As the fall in prices pushed coin makers to invest a little more, silver rates went up to Rs.37,800 per kg on the 5th.
• Rates went down to Rs.37,115 per kg on the 7th and remained unchanged due to weak but steady demand from local parties.

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

• Due to demand bottoming out - silver reached its lowest rate for the month - Rs.36,035 per kg - on the 10th of July.
• However, as demand picked up slightly, silver prices went up to Rs.36,270 per kg and then to Rs.36,920 per gram on the 12th of the month.
• As there was a steady rise in demand during this week, silver prices went up to Rs.37,180 per kg on the 16th when the week ended.

July 2017 - Week 3 (17th - 23th)

• On the 17th, when the third week of July began, silver was priced at Rs.37,180 per kg, which then increased to Rs.37,600 per kg on the 18th of July.
• As demand from industrial units and coin makers went up, silver prices increased to Rs.37,705 per kg the next day.
• Due to some positive global cues and local demand, prices went up to Rs.37,800 per kg on the 21st and increased again on the 22nd to trade at Rs.38,005 per kg.

July 2017 - Week 4 (24th - 31st)

• Silver prices rode the sine wave during the final week of July.
• On the 24th of the month, silver prices were recorded at Rs.38,120 per kg which increased slightly to Rs.38,230 per kg on the 25th of July.
• The 27th saw silver rates reach Rs.38,690 per kg - which was the highest silver rate for the month.
• On the 29th, silver prices were recorded at Rs.38,460 per kg and increased to Rs.38,640 per kg on the last day of the month.
• Silver price trends didn’t change at all this month as rates started and ended at Rs.38,640 per kg.

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

• When trading started for June in Bihar’s capital Patna, silver was priced at Rs..40,285 per kg.
• As there was no steady demand from local circles, silver prices in Patna fluctuated considerably.
• On the 2nd, silver prices dropped by Rs.3385 to trade at Rs.39,950 per kg.
• Courtesy of a dip in U.S. economy, silver prices increased to Rs.40,670 per kg on the 3rd of June.
• When the week ended on the 4th, silver rates in Patna remained at Rs.40,670 as demand remained steady.

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

• When the second week began in Patna, silver was still trading at Rs.40,670 per kg. Prices didn’t change on the 6th as well due to a sustained demand for the metal.
• The 7th saw silver trade at Rs.40,890 per kg - which happened to be the highest silver rate for the month.
• As the US economy seemed to recover, silver prices fell on the 8th to go down to Rs.40,725 per kg.
• Prices decreased gradually during the next few days as the U.S. dollar strengthened and silver demand remained sluggish.
• On the 9th, silver was trading at Rs.40,285 per kg and dropped to Rs.40,060 per kg on the 10th.
• When the second week’s trading came to an end in Patna, silver rates remained at Rs.40,060 per kg.

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

• Silver prices fluctuated significantly in Patna during the 3rd week of June as rates saw a gradual decrease.
• On 12th June, silver was trading at Rs.39,680 per kg but went down to Rs.39,435 per kg on the 13th due to a drop in demand.
• On the 14th, silver price in Pune dropped to Rs.39,115 per kg before increasing briefly to Rs.39,265 per kg on the 15th.
• Rates fell by Rs.270 per kg on the 16th - to hit Rs.38,995 per kg -as demand failed to pick up.
• On the 17th, silver recorded its biggest price drop - to the tune of Rs.535 - as investors backed out on a slightly higher scale.
• When the week ended, silver rate in Pune closed at Rs. 38,460 per kg.

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

• When the fourth week of June began on the 19th, silver was trading at Rs.38,640 per kg - a Rs.180 increase from the previous day’s prices.
• Rates remained the same on the 20th, before decreasing to hit a monthly low of Rs.38,455 per kg - on the 21st of June.
• Prices went up slightly to Rs.38,460 per kg on the 22nd and gradually increased over the next couple days.
• The 23rd saw silver rates go up to Rs.38,690 per kg and then increase to Rs.38,925 per kg.
• On the 24th, when the week was comingcame to an end, silver rates in Patna Lucknow remained at Rs.38,925 per kg.
• The week ended on the 25th with the white metal trading at Rs.38,925 per kg.

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

• The final week of June opened with silver trading at Rs.38,925 per kg.
• However, as demand dropped significantly, prices dropped to Rs.38,455 per kg, which also happened to be the lowest for the month.
• Some end of the month trading led to an increase in demand and subsequently the prices.
• On the 28th, silver price in Pune went up to Rs.39,115 per gram - a Rs.6650 per kg increase from the previous day’s closing figures.
• Silver prices in Patna declined by 3.20% during this month due to a combination of local and international factors.

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

• On the 1st of May, silver was priced at Rs.40,040 per kg, which then went down to Rs.39,115 per kg on the 2nd due to a massive drop in demand.
• Prices fell again on the 3rd to Rs.38,925 per kg as jewellers - coin makers in particular - remained wary of investing in the metal.
• The 4th saw prices fall yet again and ended the day’s trade at Rs.38,230 per kg.
• On 5th, silver prices decreased for the fifth consecutive day as rates went down to Rs.37,965 per kg but increased on the 6th to reach Rs.38,005 per kg.
• When the week came to an end on the 7th, silver prices were still holding at Rs.38,005 per kg.

May 2017 - Week 2 (8th - 14th):

• When the second week of May began in Patna, silver prices had regressed by Rs.40 to start at Rs.37,965 per kg.
• On the 9th, prices went down by Rs.100 due to a lack of demand for silver to trade at Rs.37,865 per kg.
• The 10th of May was when silver prices hit their lowest for the month. The low prices were due to a constant decrease in demand over the previous few days.
• On the 11th, silver prices were the same as on the 10th - at Rs.37,705 per kg.
• However, silver prices rallied over the next few days to end the week on a relative high.
• During the trading hours of the 12th, silver prices were recorded at Rs.37,865 per kg, which then went up to Rs.38,005 per kg on the 13th.
• The last day of May week 2 didn’t see any price change as silver was still trading at Rs.38,005 per kg.

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

• Unlike the previous week, silver prices gained overnight to start the 15th at Rs.38,230 per kg - a Rs.225 incline.
• Prices went up again on the 16th as demand from coin makers and the industrial sector rose considerably.
• On the 16th, silver was priced at Rs.38,640 per kg and went up again on the 17th to trade at Rs.38,995 per kg.
• Silver rates went up again on the 18th - this time by Rs.270 to close the day at Rs.39,265 per kg, but fell the next day to Rs.38,815 per kg due to a sudden drop in demand.
• Prices rose on the 20th to Rs.39,115 per kg after an unexpected fall the previous day.
• When the week came to an end, silver prices were still remained at Rs.39,115 per kg.

May 2017 - Week 4 (22nd - 28th):

• The fourth week of May saw prices fluctuate consistently due to an uneven demand for the metal.
• When the week began on the 22nd, silver was trading at Rs.39,265 per kg, which inclined to Rs.40,040 per gram on the 23rd.
• However, the rapid rise in demand couldn’t be sustained, leading to a drop of Rs.370 per kg, to bring prices down to Rs.39,670 per kg.
• After an anomalous fall, prices went up to Rs.39,950 per kg on the 25th and remained level on the 26th as well.
• The 27th saw prices increase to Rs.40,190 per kg and remained unchanged till the end of the week.

May 2017 - Week 5 (29th - 31st):

• When trading began for the last week of May, silver prices were recorded at Rs.40,285 per kg.
• Silver prices went up on the 30th to trade at Rs.40,520 per kg - making it the highest trading rate for the entire month.
• The same demand couldn’t be sustained which led to prices falling on the final day of May 2017 to Rs.40,060 per kg.
• Overall, silver prices inclined in Patna at a marginal rate of 0.04% for the month of May.

April ’17- Week 1 (1st to 9th)

• Silver prices in Patna in the first week of April were stable, though there were a few minor fluctuations due to demand vagaries.
• Silver was priced at Rs.42,570 per kg on 1st April as industrial demand was steady in spite of a strong U.S. Dollar.
• As the week progressed, the U.S. Dollar dropped due to uncertainty over the North Korean issue as well as flagging U.S. markets, which led to higher demand for silver.
• Prices reached Rs.42,775 per kg on 5th April as demand climbed steadily, though there was a minor fall in price due to poor local demand.
• Silver ended the week trading at Rs.42,640 per kg on 9th April.

April ’17 – Week 2 (10th to 16th)

• The price of silver dipped at the start of the week but soon rose on favourable conditions.
• Silver traded at Rs.41,625 per kg on 10th April and rose in a few days to Rs.42,640 per kg on 12th April as the U.S. Dollar continued to trade poorly against other global currencies, resulting in higher demand from overseas.
• Prices rose to Rs.43,030 per kg on 14th April as local demand rose, buoyed by lower import costs and strong demand from coin makers.
• The price continued to rise as the week ended, with silver trading at Rs.43,055 per kg on 16th April due to favourable market conditions and high demand.

April ’17 – Week 3 (17th to 23rd)

• The third week saw silver prices in Patna start off strong but prices fell due to declining demand as the week progressed.
• Silver was priced at Rs.43,030 per kg on 17th April as industrial demand was still high, though prices dipped as the U.S. Dollar appeared to be recouping its earlier losses.
• As the U.S. markets began to recover, interest in silver waned and imports also became more expensive due to a stabilising U.S. Dollar, which led to a reduction in demand for silver.
• Prices fell to Rs.42,435 per kg on 19th April before falling sharply to end the week at Rs.41,980 per kg on 23rd April.

April ’17 – Week 4 (24th to 30th)

• The last week of April saw the price of silver fall further as the U.S. Dollar strengthened and global markets saw an upswing in trading.
• Silver was priced at Rs.41,625 per kg on 24th April as industrial demand stagnated due to higher costs.
• Local markets also picked up on global trends as demand began to slide, which led to silver prices falling to Rs.40,520 per kg on 26th April.
• European markets also rose on the possibility of the victory of a Euro-centric candidate in the French presidential election, which led to a further reduction in demand for silver.
• Prices slumped as the month ended, trading at Rs.40,190 per kg on 28th April before closing at Rs.40,040 per kg on 30th April, recording a 5.94% drop in value over the course of the month.

March ‘17 - Week 1 (1st to 5th)

• On the 1st day of the month, the price of silver in Patna was Rs.43,970 per kg and as the month progressed, there were a number of fluctuations noted.
• This precious metal traded at Rs.44,100 per kg due to high demand from coin makers and industrialists. This was also the highest at which silver traded for the month of March in Patna.
• Rate of silver in Patna increased to Rs.43,295 on the 4th of March as demand started to pick up, and they remained stable on the next day as well to close the week at the aforementioned rate.

March ‘17 - Week 2 (6th to 12th)

• Silver rate in Patna on the first day of the second week of March was Rs.42,925 – with no rise being recorded in from the price on the closing day of the first week of the month.
• A steep reduction on the 10th of March saw prices tumble to Rs.40,670 per kg, after which another decline saw rates drop to Rs.40,520 per kg on the 11th.
• Prices remained constant on the last day of the second week of March due to consistent demand and the rate of silver on the last day of the week was Rs.40, 520 per kg.

March ’17- Week 3 (13th to 19th)

• Silver price in Patna on the first day of the third week of March was Rs.40,760 per kg due to minor reduction in the value of the U.S.Dollar.
• Rates reduced on the second day of the third week, trading at Rs.40,440 per kg.
• On the 15th of March, prices fell to a monthly low at Rs.40,040 per kg, after which an incline by Rs.850 saw them rise to Rs.40,890 per kg on the 16th.
• A slight decrease on the 17th saw prices fall to Rs.40,815 per kg and rates remained stable for the next three days, closing the third week of March at Rs.40,815 per kg.

March ’17- Week 4 (20th to 26th)

• Silver opened the second last week of the month at Rs.41,075 per kg, which was relatively higher than the rates noted during the previous week. However, the same could not be said for the rates noted during the next day.
• Rates reduced on the 21st of March, trading at Rs.40,725 per kg due to fluctuations in demand.
• Due to an incline in demand, silver closed the penultimate week of March on a strong note as price of this metal increased to Rs.41,340 before rising again and closing the week at Rs.41,435 per kg.

March ’17 – Week 5 (27th to 31st)

• On the first day of the last week of March, silver traded at Rs.41,900 per kg in Patna which was higher than the rates seen during the previous week. This is due to a rise in the demand for silver in domestic markets.
• As the demand went up, the rate of silver in Patna followed suit as well and traded at Rs.42,115 per kg on the 28th of March. The rate was noted until the 29th of March.
• Due to continued demand from coin makers and industrialists, silver price increased to Rs.42,435 per kg.
• However, this demand was not sustained and on the last day of the month, silver closed at Rs.42,115 per kg recording a decline of 4.21%.

February ‘17 - Week 1 (1st to 5th)

• The price of silver in Patna during the first week of February was relatively low fluctuations in the rate of the U.S. Dollar along with a fall in the industrial demand.
• Silver traded at Rs.42,520 per kg on 1st February, with the rate rising to Rs.42,640 per kg on 2nd February .
• A reduction in demand for this metal from industrialists and coin makers led to a decrease in price, as silver traded at Rs.42,115 per kg on 3rd February. This was also the lowest at which silver traded for the month of February.
• As the week came to an end, the rate of this precious metal increased, with silver trading at Rs.42,335 per kg on 5th February. A weekly decrease of Rs.165 per kg was recorded in the price of silver.

February ‘17 - Week 2 (6th to 12th)

• On the first day of the second week of the month, silver traded at Rs.42,520 per kg on 6th February, with the rates rising to Rs.42,930 per kg on 7th February on higher demand from industrialists.
• A number of variations were seen during the week, with silver trading at Rs.42,950 per kg on 9th February before declining to Rs.42,375 per kg on 10th February due to a slump in industrial demand.
• An increase in local demand led to rates increasing slightly as silver traded at Rss.42,570 per kg on 11th February.
• Price of silver remained steady as the week ended, with silver trading at Rs.42,570 per kg on 12th February.

February ’17- Week 3 (13th to 19th)

• There was a fall noted in the demand for this precious metal, with silver trading at Rs.43,280 per kg on 13th February.
• Rate of silver increased to Rs.43,115 per kg on 15th February and later continued to rise to Rs.43,520 per kg on 17th February due to a sudden drop in the value of the U.S. Dollar.
• Local and international kept rates stable as demand fluctuated, trading at Rs.43,400 per kg on 18th February.
• The week ended with this precious metal trading at Rs.43,400 per kg on 19th February, recording a weekly increase of Rs.120 per kg.

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

• During the final two weeks of February, rate of silver fluctuated due to U.S. Dollar rates and varying demands for this metal in the local market.
• Silver traded at Rs.43,270 per kg on 20th February, with the rate falling further to trade at Rs.43,240 per kg on 22nd February.
• A slight rise in demand from industrial units led to silver trading at Rs.43,680 per kg on 24th February.
• Silver rates rose to Rs.43,910 per kg on 25th February, with the price rising to Rs.44,110 per kg on 27th February.
• Price of silver continued to rise as the month ended, trading at Rs.44,165 per kg on 28th February to record an overall increase of 3.86%.

January ‘17 - Week 1 (1st to 7th)

• Silver prices in Patna reflected trends seen across the country, with the price rising due to an increase in demand.
• Silver was priced at Rs.39,035 per kg on 1st January but prices soon rose on steadily increasing demand.
• Silver traded at Rs.40,285 per kg on 4th January as domestic demand spiked due to a low U.S. Dollar rate.
• Prices rose to Rs.40,670 per kg on 5th January before dropping to Rs.40,435 per kg on 6th January.
• Silver traded at Rs.40,390 per kg on 7th January, registering a weekly increase of Rs.1,355 per kg.

January ‘17 - Week 2 (8th to 14th)

• The price of silver in the second week also saw a rise in price due to continuing demand from the industrial sector and coin makers, with silver opening the week at Rs.40,390 per kg on 8th January.
• Prices rose to Rs.41,295 per kg on 11th January, steadily increasing as markets fluctuated, which led to an increase in demand for the metal.
• Silver traded at Rs.41,030 per kg on 13th January as a slight dip in demand led to prices slipping.
• There was a marginal recovery as the week ended, with silver trading at Rs.41,230 per kg on 14th January to register a weekly increase in price of Rs.840 per kg.

January ’17- Week 3 (15th to 21st)

• Prices in the third week were subject to market fluctuations due to conflicting cues from international markets.
• Silver traded at Rs.41,230 per kg on 15th January and rose to Rs.41,560 per kg the next day on steady demand.
• Prices reached a high of Rs.41,990 per kg on 18th January as the U.S. Dollar fell heavily against global currencies.
• Prices regularised in the next few days, as silver traded at Rs.41,675 per kg on 20th January.
• The week ended with silver trading marginally higher at Rs.41,930 per kg on 21st January.

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

• Silver was stable at the start of the fourth week due to consistent demand but fluctuated due to market factors.
• Silver was priced at Rs.41,930 per kg on 22nd January, before rising to Rs.42,180 per kg on 23rd January on a sudden decrease in the U.S. Dollar.
• Prices stabilised over the rest of the week, as demand dropped marginally, with silver trading at Rs.41,835 per kg on 25th January.
• A drop in industrial demand from Asia led to silver prices falling to Rs.41,075 per kg from 27th-29th January.
• Prices rose as the month ended, with silver trading at Rs.42,010 per kg on 30th January.
• A slight dip in demand led to solver trading at Rs.41,980 per kg on 31st January to record an overall increase of 7.54%.