• Silver Rate in Pune

    Daily Silver Rates
    Date Silver (1 gram) Bar Silver (1 Kg)
    12 Dec 2018 ₹ 40.7 ₹ 40,700
    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

    *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 Pune

    Pune is a cosmopolitan city with a high standard of living. The city has transformed itself into a professional hub and is home to some of the biggest brands in the world. Residents of the city have a high disposable income limit and silver is viewed as an interesting investment option by many of them. Given this high income, the varying silver rate does not deter Pune residents from buying it.

    Silver as an Investment in Pune

    • Jewelry and Silverware – Buying silver jewelry is a common trend in Pune but most buyers do not see this as an investment. Investing in jewelry and silverware articles can in fact turn out to be a decent investment as silver can be melted and provides liquid assets. High making costs and wastage charges can however undermine the value of overall investment.

    • Silver Coins – Silver coins can be purchased according to weight and coins offered by certain countries are considered as legal tender. Investors can opt for coins weighing 1g, 10g and so on, depending on their needs. These coins can be readily sold or melted, offering cash when needed.

    • Silver Bars – Large investors and industrialists prefer to invest in silver bars. These bars can weigh around 1 kg and are an excellent source for those who wish to store large quantities of silver. These bars can be molded into jewelry or could be used for manufacturing purposes.

    • Commodity Futures Exchange – Big buyers of silver can purchase it directly through commodity futures exchange. These exchanges trade silver in kilograms and are an option for big investors.

    Trend of Silver Rate in Pune 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 Pune for August 2018 (rates per gram)

    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 on 24 August
    Overall Monthly Performance Decline
    Percentage Change -2.65%

    August 2018 - Week 1 (1 - 05):

    • Silver prices in Pune stood at Rs.41,400 per kg on 1 August 2018.
    • As the demand from domestic industries fell, on 2 August, the silver price in Pune fell to Rs.41,100 per kg.
    • On 4 August, the price of the metal increased by Rs.200 per kg as the retail demand for silver prick up in Pune.
    • At the end of the month on 5 August, the metal closed at Rs.41,300 per kg.

    August 2018 - Week 2 (6 - 12):

    • At the beginning of week 2, the industrial offtake of silver was on a decline. This was one of the major reasons silver prices fell gradually throughout the second week in Pune.
    • As on 6 August, silver continued to trade at Rs.41,300 per kg.
    • Meanwhile, the U.S economy was reportedly strengthened and the industrial offtake of the metal declined in Pune. This affected silver prices in Pune negatively.
    • On 7 August, silver traded at Rs.41,200 per kg.
    • In spite of poor global cues for the metal, a small spike in the price was recorded on 9 August. Silver traded at Rs.41,400 per kg, a Rs.200 per kg incline in price from 7 August. This was also the highest silver rate recorded for the month of August in Pune.
    • On 10 August, demand for silver substantially dropped causing the price of silver in Pune to drop as well. The silver rate in the city dropped sharply by Rs.300 due to poor demand and traded at Rs.41,100 per kg. The demand for the metal played a huge role in determining the price of silver throughout week 2.
    • Silver closed at Rs.41,200 per kg on 12 August.

    August 2018 - Week 3 (13 - 19):

    • Silver continued to trade at Rs.41,200 per kg as on 13 August. The price of silver remained stable during the start of the third week of August in Pune.
    • On 14 August 2018, the price of silver fell significantly due to poor demand and traded at Rs.40,900 kg.
    • Positive economic cues were recorded in the U.S as employment data was released. This increased the value of the dollar which in turn led to the decline of the silver rate in Pune.
    • On 15 August, silver prices rose to Rs.41,100 per kg. However, it quickly fell to Rs.39,900 per kg the very next day due to suppressed domestic demand and weak overseas trends.
    • The price of silver in Pune then increased to Rs.40,000 per kg from 17 to 19 August and ended the month at the same price.

    August 2018 - Week 4 (20 - 26):

    • Silver continued to trade at Rs.40,000 per kg on 20 August as the demand for the metal was stable.
    • The price stood stable for yet another day before rising by Rs.100 per kg to Rs.40,100 on 22 August.
    • As the value of the US dollar increased, the price of silver fell drastically in Pune on 23 August. On this day, silver traded at Rs.39,900 per kg.
    • Due to the decline in local demand for the metal, Pune saw the lowest price of silver for the month on 24 August, the metal was priced only at Rs.39,800 per kg.
    • Silver closed at Rs.40,200 per kg on 26 August.

    August 2018 - Week 5 (27 - 31):

    • On 27 August, silver continued to trade at Rs.40,200 per kg in Pune.
    • During week 5, the demand for the metal picked up causing the price of silver to increase in Pune.
    • As on 28 August, the silver price in Pune was recorded at Rs.40,400 per kg.
    • Silver prices fell marginally towards the end of the month as the value of the U.S dollar began to recover.
    • On the last two days of the month, the metal was priced at Rs.40,300 per kg. Silver closed for the month of August 2018 at the same price as well.

    Trend of Silver Rate in Pune 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 from 9 - 10 July
    Lowest Rate in July Rs.41,200 per kg from 28 - 29 July
    Overall Monthly Performance Decrease
    Percentage Change -3.27%

    July 2018- Week 1 (1-10)

    • The price of silver in Pune at the start of July 2018 was recorded at Rs.42,800 per kg.
    • The price of the metal the decreases marginally on 3 July. This decrement in silver rates can be associated to the drop of demand in industrial units. The price of silver at this time dipped to Rs.42,400 per kg. The value of the dollar with regard to other currencies was also recorded to be on the decline during this time.
    • The price of the metal in the city then rose to Rs.42,800 and stagnated for the next few days. The variation in local industrial offtake could have been the cause of the increment in siler prices.
    • At the end of week 1 in July, on 9 - 10 July, silver rates in the city increased  to Rs.42,900 per kg. This could be because of positive market trends clubbed with declining dollar rates over other currencies.

    July 2018- Week 2 (11-17)

    • The decline in demand for silver in Pune caused the price of the metal to decline as well. The silver price in Pune for the second week of July declined when compared to the latter part of week 1. The price of the metal during this time stood at Rs.42,600.
    • Industrial demand for the metal dipped further which in turn decreased the silver price in Pune. The price from 12 - 14 July stood at roughly Rs.42,200.
    • Due to stable industrial demand, silver prices continued to be relatively stable. Silver rate in Pune on 16 July stood at Rs.42,300 per kg.
    • Due to the decline in dollar value over other currencies, the price of silver in Pune then increased towards the end of the week, and stood at Rs.42,100 per kg on 17 July.

    July 2018- Week 3 (18 - 24)

    • The price of silver on the third week of July declined when compared to the previous week of July.  The price of the metal on 18 July stood at Rs.41,700 per kg. This can be associated with decreased industrial demand for silver during the same time.
    • The value of the dollar in comparison with other currencies then rose on 20 July causing the silver price in Pune to drop further. The metal was valued at Rs.41,300 per kg on 20 July.
    • Demand for the metal increased in the following few days which led to the increment in the silver rate. The price of silver in Pune on 21 - 22 July stood at Rs.41,700 per kg.
    • The price of the metal declined towards the end of the week in Pune as it stood at Rs.41,400 per kg on 24 July.

    July 2018- Week 4 (25 - 31)

    • Steady industrial demand for the metal caused the price of silver to drop to Rs.41,500 per kg on 25 July.
    • Due to the decline of 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.
    • As on 28 - 29 July, the price of silver stood at Rs.41,200 per kg.
    • By the end of the month, the price of silver increased as dollar rates dropped slightly. The metal stood at Rs.41,400 on 30 - 31 July.

    Trend of Silver Rate in Pune 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- 5 June
    Overall Monthly Performance Stable
    Percentage Change 0.00%

    June 2018- Week 1 (1-10)

    • Silver prices in Pune showed signs of volatility, with the metal opening the week at Rs.42,800 per kg on stable demand from industrial units.
    • The recent rally by the dollar ahead of the summit between the United States and North Korea caused some turbulence on the commodity exchanges, as silver prices fell to Rs.42,600 per kg on 2 June.
    • Local industrial offtake fluctuated based on the dollar rate, as the rupee fell heavily against the dollar for most of the week.
    • Prices were stable for the remainder of the week, as investor sentiment moved towards bullion, as silver ended the week priced at Rs.43,700 per kg on 10 June.

    June 2018- Week 2 (11-17)

    • The positive market trend continued in spite of the dollar gaining on other currencies, as silver opened the second week priced at Rs.43,900 per kg on 11 June.
    • Industrial offtake kept prices stable, as both local as well as overseas industrial units increased order volumes ahead of a possible trade war.
    • Silver prices jumped to Rs.44,000 per kg on 12 June before surging to Rs.45,000 per kg on 15 June on sharp dips in the dollar rate.
    • The fear of a global trade war led to renewed pressure on the dollar as investors looked to bullion as a safe haven.
    • Prices stabilised towards the end of the week, with silver trading at Rs.44,300 per kg on 17 June.

    June 2018- Week 3 (18-24)

    • Silver in Pune was priced at Rs.43,400 per kg on 18 June as prices fluctuated following the rapid drop in the dollar rate last week.
    • Demand for bullion was on the decline as equity markets recovered amidst positive investor sentiment, with industrial offtake falling steadily.
    • Prices fell to Rs.42,900 per kg on 21 June as investors looked to short sell bullion, which affected silver sales as well.
    • The continued drop in demand for silver from industrial units led to stagnating sales locally, though overseas demand kept pace with previous sessions.
    • There was some fluctuation in prices towards the end of the week, though silver did not see much change in price.

    June 2018- Week 4 (25-30)

    • The last week of June saw silver prices decline steadily due to poor demand from industrial units, resulting in silver prices dropping steadily.
    • The industrial metal was priced at Rs.43,200 per kg when trading opened on 25 June, with local coin makers reducing offtake due to the rising dollar rate.
    • Stable local equity markets coupled with overseas trends led to silver prices falling to Rs.43,100 per kg on 26 June.
    • The Federal Reserve meeting and a possible interest rate hike led to increased pressure on bullion, as silver prices tumbled to Rs.42,800 per kg on 29 June.
    • There was no change in price as the month ended, with silver remaining unchanged from the month’s opening price.

    Trend of Silver Rate in Pune 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 (1st - 6th):

    • The month began in Pune with silver rates holding at Rs.42,000 per kg on the 1st with domestic markets tracking a positive trend overseas.
    • With tensions rising between the US and China, demand for the safe-haven assets surged with market participants speculating over the US-Sino trade war fears during the week.
    • Strong global cues coupled with an increased investor demand over the next couple of days led to silver being priced at Rs.42,600 per kg on the 3rd.
    • With the US dollar index losing against a basket of other emerging currencies, demand for the metal remained consistent during the week.
    • Trading concluded for the week with the industrial metal prices holding steady at Rs.42,600 per kg on the 6th with steady demand from coin manufacturers and industries.

    May 2018 - Week 2 (7th - 13th):

    • The second week of trading opened with silver priced relatively higher at Rs.43,200 per kg on the 7th following an increase in industrial offtake for the metal at the domestic level.
    • Rates plunged initially before a decline in the dollar value coupled with an unevenly performing equities market led to prices rebounding during the week.
    • With local demand held in check by the recovering US dollar, demand for the metal plunged. This led to silver being priced at Rs.43,000 per kg on the 8th.
    • The next couple of days silver prices in Pune rising with the deteriorating US-North Korean diplomatic relations pushing demand higher for safe-haven assets such as silver and gold.
    • The 9th saw silver rates holding at Rs.43,100 per kg before an increase in investor demand led to prices surging to Rs.43,300 per kg the following day.
    • Positive market trends overseas coupled with strong demand from coin makers and industries led to silver rates rising further to Rs.43,500 per kg on the 11th.
    • The rest of the week witnessed the white metal prices holding firm at Rs.43,500 per kg with consistent demand from local as well as the global markets amid the strong trend overseas.

    May 2018 - Week 3 (14th - 20th):

    • When trading began for the week, the industrial metal was priced at Rs.43,600 per kg on the 14th with investors banking on the bullion amid speculations over the called off US-North Korean Summit.
    • However, with the US greenback and equity markets regaining lost ground, demand decline over the next couple of days.
    • On the 15th, silver prices were recorded holding at Rs.43,300 per kg before a drop in domestic demand for the metal led to rates plunging to Rs.43,000 per kg on the 16th.
    • Though prices recovered to Rs.43,200 per kg the next day, silver rates in Pune plummeted again to Rs.43,000 per kg on the 18th with demand suppressed by the rising dollar and equities.
    • Trading closed for the week with silver prices finishing relatively higher at Rs.43,100 per kg on the last day on account of a slight incline in demand from local industries and coin manufacturers.

    May 2018 - Week 4 (21st - 27th):

    • The fourth week saw prices surging on account of strong investor demand brought about by the positive international trends.
    • Trading opened for the week with the white metal priced at Rs.43,100 per kg on the 21st with steady domestic demand amid the weakened US dollar.
    • Strong political uncertainties in the Middle East coupled with rising tensions in Europe resulted in market participants banking on safe-haven assets during the week.
    • Strong trends overseas coupled with positive investor demand led to prices surging to Rs.43,500 per kg on the 23rd.
    • Silver rates plunged to Rs.43,300 per kg the next day before rebounding to Rs.43,800 per kg on the 25th as the US dollar index lost ground against other major currencies.
    • The week ended with the industrial metal prices holding at Rs.43,600 per kg on the 27th after local demand stabilised amid the recovering US dollar.

    May 2018 - Week 5 (28th - 31st):

    • The final week saw silver prices dropping considerably with the US greenback recovering from its previous rally of losses amid the well-performing equity markets.
    • Silver was recorded trading at Rs.43,000 per kg - a drop of Rs.600 from the previous session - on the 28th with the US dollar regaining lost ground against other apex currencies.
    • Rates rebounded to Rs.43,100 per kg on the 29th before plummeting to Rs.42,900 per kg on the 30th with investor demand suppressed by the strong dollar index.
    • With market sentiments revived after the announcement of the previously cancelled US-North Korean summit to go ahead as planned, the dollar surged further.
    • The month came to an end with silver rates in Pune holding steady at Rs.43,100 per kg on the 31st with a slight increase in domestic demand from industrial units and coin makers.
    • Strong trends overseas coupled with an increased demand at the domestic level led to silver prices rising by 2.61% during the course of the month.

    Trend of Silver Rate in Pune 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)

    • The week began with silver rates holding at Rs.41,400 per kg on the 1st amid firm overseas trends coupled with positive market cues.
    • The next day saw silver prices plunging to Rs.41,300 per kg which rose to Rs.41,600 per kg on the 3rd as the US dollar lost against a basket of other emerging currencies on the international front.
    • With the dollar recovering from its initial shock, demand for the metal dropped over the next couple of days. The white metal was recorded trading at Rs.41,300 per kg on the 4th before dropping to a monthly low of Rs.41,000 per kg on the 5th.
    • The week came to an end with silver priced at Rs.41,200 per kg on the 7th following an increase in industrial offtake for the metal.

    April 2018- Week 2 (8th - 15th)

    • Trading opened for the week with the industrial metal prices holding firm at Rs.41,200 per kg, thanks to steady local demand amid positive global cues.
    • Prices remained untouched at Rs.41,200 per kg on the 9th before rising to Rs.41,300 per kg on the 10th as demand from domestic industries increased.
    • With industrial units and coin makers ramping up purchases to stock inventories, silver rates surged to Rs.41,700 per kg on the 11th before rising further to Rs.42,000 per kg on the 12th.
    • However, a drop in demand brought about by the recovering dollar led to silver prices plunging to Rs.41,600 per kg on the 13th.
    • The rest of the week saw rates holding steady at Rs.41,900 per kg with strong safe-haven demand following the US-led missile strikes on Syria.

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

    • The third week began with silver trading at Rs.42,100 per kg on the 16th amid firm overseas trends coupled with strong domestic demand.
    • Safe-haven demand surged further with geopolitical tensions rising in the Korean peninsula and Syria. This led to silver rising to Rs.43,700 per kg on the 19th.
    • Silver rates in Pune recorded its highest monthly figure of Rs.43,800 per kg on the 20th, thanks to strong investor demand brought about by positive global cues.
    • Steady demand coupled with strong global cues led to silver prices holding steady at Rs.43,800 per kg for the remainder of the week.

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

    • The final week began in the city with silver priced at Rs.43,700 per kg on the 23rd following a slight drop in global demand for the metal.
    • Strong dollar performances coupled with rising equities led to rates dropping significantly during the week.
    • With the dollar gaining against other apex currencies, silver prices in Pune plummeted to Rs.43,000 per kg on the 24th.
    • Though rates rose to Rs.43,100 per kg the next day, a decline in investor demand brought about by the strengthening US dollar led to silver prices dropping again to Rs.43,000 per kg on the 26th.
    • The next two days witnessed the white metal trading at Rs.42,800 per kg with subdued but steady demand from local industrial units and coin makers.
    • When trading came to an end, silver rates were recorded holding at Rs.42,300 per kg on the last day with poor domestic demand coupled with weak global cues. Pune registered an increase of 2.17% in silver prices during the month.

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

    Parameters

    Silver price (per kg)

    March 1 Rate

    Rs.41,100 per kg

    March 31 Rate

    Rs.41,400 per kg

    Highest Rate in March

    Rs.41,900 per kg on 7 March

    Lowest Rate in March

    Rs.41,000 per kg on 19 and 21 March

    Overall Monthly Performance

    Incline

    Percentage Change

    0.72%

    March 2018 - Week 1 (1st - 4th)

    • Silver was priced at Rs.41,100 per kg when trading opened for the month of March.
    • Prices were on the incline this month, thanks to a positive change in global demand which in turn had an impact on local trading.
    • On the 2nd, the white metal was priced at Rs.41,400 per kg which then surged to Rs.41,600 per kg as the US dollar seemed to weaken.
    • The week came to an end with silver prices till holding at Rs.41,600 per kg, owing to sustained local demand.

    March 2018 - Week 2 (5th - 11th)

    • The second week of March opened for trading with silver rates recording a slight increase. The day began with the metal priced at Rs.41,700 per kg.
    • This dropped to Rs.41,400 per kg on the 6th before rising to Rs.41,900 per kg as demand from local industries surged.
    • On the 8th, silver prices in Pune went down to Rs.41,500 per kg as demand subsided and continued to do so on the 9th as well.
    • During the 9th, silver traded at Rs.41,300 pe kg and went up to Rs.41,600 per kg on the final day of the week.

    March 2018 - Week 3 (12th - 18th)

    • Third week’s trading in Pune saw silver rates hold steady at Rs.41,600 per kg but dropped to Rs.41,400 per kg on the 13th.
    • Prices seemed to fluctuate quite a bit this week and the metal’s rates went up to Rs.41,700 per kg on the 14th before dropping to Rs.41,500 per kg on the 15th.
    • The remaining few days of the month recorded consistent price drops as demand was on the weaker side.
    • On the 16th, silver rates dropped to Rs.41,300 per kg before trading at Rs.41,100 per kg over the final two days of the week.

    March 2018 - Week 4 (19th - 25th)

    • When the fourth week began in Pune, silver was priced exactly at Rs.41,000 per kg. A Rs.200 rise was recorded on the 20th, which pushed silver rates up to Rs.41,200 per kg.
    • On the 21st, silver prices fell back again to Rs.41,000 per kg before a rise in demand on the next day saw rates go up to Rs.41,500 per kg.
    • Demand was steady for the remaining days of this week and the metal’s prices ended at a tally of Rs.41,600 per kg on the 25th.

    March 2018 - Week 5 (26th - 31st)

    • The final week of March saw silver open at Rs.41,600 per kg - no change from the previous day’s rates.
    • This rose to Rs.41,800 per kg on the 27th after staying the same on the 17th.
    • The final three days saw silver prices remain at Rs.41,400 per kg as demand was steady. On the final day of the week, silver was still priced at Rs.41,400 per kg.
    • Silver prices went up by 0.72%, a slightly higher percentage compared to the previous month.

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

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

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

    • The month began in Pune with silver trading at Rs.42,600 per kg - the highest recorded monthly figure - on the 1st after the US dollar and equities lost ground ahead of the US jobs data later during the week.
    • Thanks to steady demand from coin makers and industrial units amid the positive trend overseas, prices were recorded holding firm at Rs.42,600 per kg the following day.
    • With the US dollar recovering from previous days’ losses following the release of the highly anticipated US employment data, silver rate in Pune plunged to Rs.41,700 per kg on the 3rd.
    • The week came to an end with silver prices holding steady at Rs.41,700 per kg on the 4th owing to a subdued but steady demand amid the firm overseas trends.

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

    • The second week began with silver trading relatively lower at Rs.41,500 per kg on the 5th amid the strengthening US dollar and equities market.
    • The dollar, however, lost against a basket of other emerging currencies and led to silver prices rising to Rs.41,900 per kg on the 6th.
    • Rates dropped to Rs.41,500 per kg on the 7th before plunging further to Rs.40,800 per kg on the 8th after the US dollar and equities regained lost ground in the international market.
    • Silver rate in Pune rose to Rs.41,000 per kg on the 9th with local demand picking up despite the poor trends overseas.
    • However, demand couldn’t keep up against the rising US dollar and equities market and silver price in Pune plunged to Rs.40,600 per kg - the lowest recorded monthly figure - on the 10th amid the weak global cues.
    • When trading concluded for the week, the white metal prices were recorded holding steady at Rs.40,600 per kg on the 11th with poor domestic demand amid the strengthened US dollar and equities.

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

    • The third week saw silver rate in pune rising considerably after the US dollar weakened ahead of the US inflation data during the week.
    • Silver was recorded trading at Rs.40,900 per kg on the 12th when the week began.
    • With investors and traders eyeing on the US inflation data for clues on the US interest rate hikes during the year, the US dollar plunged. This led to silver rates surging to Rs.41,300 per kg on the 13th which rose further to Rs.41,400 per kg on the 14th amid the positive trends overseas.
    • Silver price in Pune surged to Rs.41,800 per kg on the 15th before plunging to Rs.41,700 per kg on the 16th with the US dollar strengthening following the US inflation data.
    • With investors and traders gravitating on safe-haven assets to hedge against inflation concerns, demand for the metal surged. This led silver prices holding steady at Rs.41,700 per kg for the remainder of the week.

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

    • Trading commenced for the fourth week with silver rate in Pune holding at Rs.41,600 per kg on the 19th amid the strengthening US dollar index.
    • Strong dollar performances coupled with firmer equities in the international market resulted in silver being priced at Rs.41,200 per kg until the 21st.
    • However, an incline in demand from local industrial units and coin manufacturers amid positive overseas trends led to silver price in Pune rising to Rs.41,400 per kg on the 22nd.
    • On the 23rd, the industrial metal prices were recorded holding at Rs.41,600 per kg with strong demand amid the positive trends overseas.
    • However, with the US dollar index and equities gaining in the international markets, rates plunged to Rs.41,500 per kg on the 24th.
    • The week came to an end with the industrial metal prices holding steady at Rs.41,500 per kg on the 25th amid positive trends overseas.

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

    • When trading commenced for the last week, silver price in Pune were recorded holding at Rs.41,600 per kg on the 26th amid the weakened US dollar.
    • With investors and traders eyeing on the congressional speech for clues on the pace of interest rates during the year, the dollar plunged further. This led to silver rates rising to Rs.41,700 per kg on the 27th.
    • The US dollar, however, strengthened after Jerome Powell vowed to save the country’s economy from deteriorating while sticking to the planned Fed rate hikes. This led to silver closing at Rs.41,200 per kg on the last day. Pune recorded a decline of 3.28% in silver rate in Pune during the month.

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

    Parameters Silver price (per kg)
    Silver rate on 1st January 2018 Rs.38,925 per kg
    Silver rate on 31st January 2018 Rs.42,200 per kg
    Highest Rate in January Rs.42,700 per kg on 29 January
    Lowest Rate in January Rs.38,925 per kg on 1, 2 and 10 January
    Overall Monthly Performance Incline
    Percentage Change 8.41%

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

    • Silver trade in Pune witnessed prices increasing significantly following an incline in demand from industrial units and coin manufacturers amid steady global cues.
    • Trading commenced with the white metal priced at Rs.38,925 per kg on the 1st. This was also the lowest recorded monthly figure in Pune.
    • Steady local demand coupled with firm trends resulted in prices remaining untouched at Rs.38,925 per kg on the 2nd.
    • The 3rd saw silver rate in Pune rising to Rs.39,110 per kg before dropping to Rs.38,995 per kg on the 4th with a slight decline in industrial demand amid the strengthened US dollar index.
    • However, with the US greenback losing ground against other apex currencies, prices surged to Rs.39,265 per kg on the 5th.
    • An increase in demand compared to below par performance in the previous days resulted in silver rates holding steady at Rs.39,355 per kg on the 6th and the 7th.

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

    • Trading commenced for the week with silver rates holding steady at Rs.39,335 per kg on the 8th with little change in demand amid the firm trends overseas.
    • However, the white metal prices dropped to rs.39,115 per kg the next day before plunging further to Rs.38,925 per kg on the 10th after the US dollar index rose against a basket of other major currencies amid the well-performing equities.
    • Silver rate in Pune rebounded to Rs.39,110 per kg on the 11th after a decline in the US dollar value resulted in an increased buying by coin manufacturers and industrial units.
    • Strong domestic demand brought about by firm global cues led to silver prices holding steady at Rs.39,110 per kg on the 12th.
    • Demand, however, picked up towards the end of the week with the dollar plunging against other apex currencies in the global markets.
    • On the 13th, silver was priced at Rs.39,265 per kg before surging to Rs.39,355 per kg the following day owing to an incline in industrial demand for the metal.

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

    • The week saw silver rates climbing initially before plunging amid poor trends overseas as the week progressed.
    • The white metal prices were recorded holding at Rs.39,670 per kg on the 15th with a sudden incline in demand after speculators ramped up their purchases amid the weakened US dollar.
    • Silver rates remained unaltered at Rs.39,680 per kg over the next couple of days with steady demand for the metal by investors and traders.
    • The 18th, however, saw silver price in Pune plunging to Rs.39,265 per kg with a decline in silver sales amid the recovering greenback and equities market.
    • Prices dropped further to Rs.39,115 per kg on the 19th before slightly rising to Rs.39,265 per kg on the 20th after a firm trend overseas led to an incline in industrial demand for the metal.
    • With the US dollar attempting to make a comeback from its previous rally of losses, silver rates remained untouched at Rs.39,265 per kg for the remainder of the week.

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

    • Strong global cues coupled with an increased safe-haven demand resulted in silver prices rising significantly during the week.
    • The week commenced with silver rates holding steady at Rs.39,265 per kg on the 22nd with steady industrial demand from the previous week.
    • Prices remained unaltered at Rs.39,265 per kg until the 24th owing to steady domestic demand brought about by the firm trends overseas.
    • The 25th, however, saw silver rates in Pune spiking to Rs.40,285 per kg after the weakened US dollar and equity markets led to an increase in demand by coin manufacturers and industries around the world.
    • Silver remained unchanged at Rs.40,285 per kg until the end of the week with strong and steady demand for the metal amid positive trends overseas.

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

    • The final week began with the industrial metal trading at Rs.42,700 per kg - the highest recorded monthly figure - on the 29th. The rise in prices was greatly due to the sudden incline in safe-haven demand amid concerns over a possible economic crisis in the US.
    • However, with the US dollar and equity markets regaining lost ground from the previous losses, silver rates plunged to Rs.42,200 per kg on the 30th.
    • Trading concluded for the month with silver continuing to trade at Rs.42,200 per kg on the 31st after demand remained flat ahead of the two-day monetary policy meeting in the Federal Reserve.
    • Strong global, as well as domestic demand brought about by the positive trends overseas, heralded record-breaking changes in silver rates during the month.
    • Silver rates in Pune rose by a whopping 8.41% owing to strong global cues during the course of the month.

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

    Parameters Silver price (per kg)
    Silver Rate on 1st December 2017 Rs.38,230 per kg
    Silver Rate on 31st December 2017 Rs.39,265 per kg
    Highest Rate in December Rs.39,365 per kg on 30 and 31 December
    Lowest Rate in December Rs.36,545 per kg on 13 December
    Overall Monthly Performance Incline
    Percentage Change 2.70%

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

    • Trading commenced in Pune with the white metal priced at Rs.38,230 per kg on the 1st of December.
    • The 2nd witnessed prices surging to Rs.38,815 per kg with demand for safe-haven assets rising amid the declining US dollar.
    • Though silver rate in Indore plunged to Rs.37,965 per kg on the 5th, prices soon rebounded to Rs.38,395 per kg on the 6th amid a strong demand from industries and coin manufacturers.
    • However, the strengthening US dollar coupled with firmer equities markets led to silver rates declining to Rs.37,235 per kg on the 7th.
    • With the US dollar gaining a basket of other major emerging currencies coupled with poor trends overseas resulted in silver prices dropping further to Rs.36,620 per kg on the 8th.
    • Thanks to a steady but subdued demand from industries and coin manufacturers, silver was recorded holding steady at Rs.36,715 per kg for the rest of the week.

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

    • The second week opened with the white metal priced relatively higher at Rs.36,920 per kg on the 11th with a slight increase in industrial demand for the metal.
    • The rise in demand, however, was short lived and silver price in Indore plunged to Rs.36,620 per kg on the 12th before plummeting to a monthly low figure of Rs.36,545 per kg - the lowest recorded monthly figure - on the 13th.
    • A downturn in US dollar fortunes with the dollar losing against a basket of other major currencies pushed demand higher for silver and the metal was trading at Rs.38,395 per kg on the 14th.
    • The high demand, however, subsided with the dollar regaining lost ground and silver rate in Indore dropped to Rs.36,920 per kg on the 15th.
    • When the week concluded silver rates were holding steady at Rs.36,920 per kg on the 17th after the unevenly performing US dollar resulted in an increase in demand for the industrial metal.

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

    • When trading commenced for the third week, the white metal prices were recorded relatively higher at Rs.38,295 per kg on the 18th owing to an increase in demand from the previous week.
    • The week witnessed silver prices fluctuating significantly due to demand vagaries brought about by the unevenly performing US dollar and equities market.
    • The 19th saw silver rate in Indore dropping to Rs.37,800 per kg but soon recovered to Rs.38,395 per kg the next day with the US dollar declining against other apex currencies.
    • Though prices plunged again to Rs.37,705 per kg on the 21st, the negative impact of the new tax cuts on the Asian markets led to the white metal rates rising to Rs.38,395 per kg on the 22nd.
    • The week ended with the industrial metal being priced at Rs.38,395 per kg on the 24th amid the positive overseas trends that pushed demand higher for the metal.

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

    • The final week of December saw silver rate in Indore start on a relatively low note but rise significantly towards the end amid the weakened US dollar which pushed demand higher for the metal.
    • The week began with the white metal trading at Rs.38,395 per kg on the 25th with steady demand from the previous week.
    • However, an unexpected decline in demand from industries amid the positive trends led to silver price in Indore plunging to Rs.38,005 per kg on the 26th.
    • With the US dollar losing against a basket of other major currencies, silver rates rose gradually during the rest of the week. Silver was priced at Rs.38,275 per kg on the 27th which further surged to Rs.38,925 per kg on the 28th.
    • Though prices dropped slightly to Rs.38,815 per kg on the 29th with a decline in domestic demand, the 30th saw silver rate in Indore surging to Rs.39,265 per kg - the highest recorded monthly figure - on the 30th due to an increase in offtake by industries and coin makers.
    • The last day saw silver rate in Indore holding steady at Rs.39,265 per kg owing to a strong and steady demand amid the weakened US dollar and poorly performing equities.

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

    Parameters Silver price (per kg)
    Silver rate on 1st November 2017 Rs.38,995 per kg
    Silver rate on 30th November 2017 Rs.38,640 per kg
    Highest Rate in November 2017 Rs.40,520 per kg on 18 and 19 November
    Lowest Rate in November 2017 Rs.38,640 per kg on 30 November
    Overall Monthly Performance Decline
    Percentage Change 0.91%

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

    • The month started off in Pune with silver priced at Rs.38,995 per kg on the 1st of November.
    • A sudden increase in domestic demand ahead of the festive season resulted in silver price in Pune surging to Rs.39,950 per kg on the 2nd.
    • Demand surged - both globally as well as domestically - as commodity markets improved against a poor performing dollar coupled with weak equities market.
    • Steady and sustained local demand from industries and coin makers led to the metal being priced at Rs.39,355 per kg on the 4th and the 5th.

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

    • Strong global trends coupled with an improved industrial demand led to silver rate in Pune rising considerably during the week.
    • The white metal was recorded trading at Rs.39,355 per kg on the 6th when the week began.
    • With political tensions intensifying after the arrest of Saudi Arabia’s top diplomats and officials, demand for safe-haven assets improved. This led to silver price in Pune surging to Rs.40,040 per kg on the 7th.
    • Strong industrial demand for the metal amid a weakened dollar overseas led to rates remaining untouched at Rs.40,040 per kg on the 8th and the 9th.
    • However, with the US dollar gaining against a basket of other major currencies over the next few days, silver price in Pune dipped to Rs.39,970 per kg on the 10th.
    • Steady domestic demand despite the poor trend overseas resulted in the industrial metal being priced at Rs.39,970 per kg for the rest of the week.

    November 2017 - Week 3 (13th to 19th)

    • The third week witnessed silver trade in Pune record it highest figure for the month after the geopolitical tensions prevailing in the Middle East and North Korea led to an increase in demand for safe-haven assets like silver globally.
    • The week commenced with the white metal trading firm at Rs.39,870 per kg on the 13th.
    • The Brexit fallout led to the UK economy plummeting. This led silver price in Pune surging to Rs.40,140 per kg on the 14th.
    • An increase in industrial order from the Asian continent led to rates rising further to Rs.40,240 per kg on the 15th.
    • Though prices stood steady at Rs.40.240 per kg on the 16th, with the world markets recovering from the shock silver rate in Pune declined to Rs.40,040 per kg on the 17th.
    • With diplomatic relations deteriorating with North Korea, safe-haven investments spiked globally. This led to silver price in Pune hit the highest recorded monthly figure of Rs.40,520 per kg on the 18th and the 19th.

    November 2017 - Week 4 (20-16):

    • The week started off with silver trading at Rs.40,440 per kg on the 20th.
    • With the US dollar recovering amid the firm equity markets, prices dropped to Rs.39,780 per kg on the 21st, which further plunged to Rs.39,265 per kg the next day after a decline in global demand for the industrial metal.
    • However, rates rebounded to Rs.40,060 per kg on the 23rd after local demand increased despite the poor trends overseas.
    • With world markets crashing after the stand-off between the US and North Korea taking centre stage again, demand for the safe-haven metal improved. This led to silver being priced at Rs.40,040 per kg on the 24th.
    • The week concluded with the industrial metal priced at Rs.39,780 per kg on the 26th.

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

    • A gradual decline in demand from coin manufacturers and industrial units amid the poor trends overseas led to silver prices falling significantly during the week.
    • The final week commenced with silver trading firm at Rs.39,780 per kg on the 27th owing to a steady demand from the previous week.
    • However, silver price in Pune declined to Rs.39,680 per kg on the 28th before plunging further to Rs.39,115 per kg on the 29th as the US economy began to regain lost ground amid a strong dollar and firmer equities market.
    • The month ended with the silver priced at Rs.38,640 per kg after a decrease in industrial demand amid weak overseas trends.
    Parameters Silver price (per kg)
    Silver rate on 1st October 2017 Rs.39,530 per kg
    Silver rate on 31st October 2017 Rs.39,435 per kg
    Highest Rate in September Rs.40,440 per kg on 16 October
    Lowest Rate in September Rs.39,110 per kg on 5 and 19 October
    Overall Monthly Performance Decline
    Percentage Change -0.24%

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

    • Silver trading in Pune started at Rs.39,530 per kg in the month of October.
    • For the first two days of the month, the rates remained constant due to the stability in US dollar.
    • Silver prices in Pune fell to Rs.39,265 per kg due to the subdued demand from the buyers and investors amid the firm equity market and US dollar.
    • On 5 October, the silver’s price reached the lowest, priced Rs.39,110 per kg. The strengthening of US economy dropped the prices.
    • The week closed with the white metal priced Rs.39,680 per kg, and the metal traded at the same price for the last two days of the week.

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

    • The silver gained its luster as the second week started that pushed the metal’s price to Rs.39,950 per Kg, ahead of the festive season.
    • There was exponential rise in the metals’ price over the entire week due to the increasing tension between two nations. The instability prohibited investors to take the step forward that resulted the US dollar drop, making silver a safe haven.
    • For four days, that is from 12 to 15 October, silver in Pune traded at Rs.40,390 per kg due to the rise in the metal’s demand ahead of dhanteras.

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

    • This week saw the silver priced highest due to the massive demand prior to diwali.
    • Silver was priced Rs.40,440 per kg on 16 October as the US dollar lost its stability.
    • As the week progressed, silver rate in Pune dropped due to the weak global cues and again touched Rs.39,110 per kg, the lowest price of the month.
    • The prices plunged towards the end of the week as the investor's feared to trade due to the growing political tension in Europe. The fall in the US dollar raised the silver’s price in Pune to Rs.40,060 per Kg. For the last two days of the week, the price remained steady.

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

    • The continued instability in the US economy, helped the silver to trade at Rs.40,060 per Kg.
    • Prices dropped by Rs.465 per kg, resulting the metal to be priced Rs.39,435 per kg on 26 and 27 October. The subdued industrial demand affected even the MCX silver futures rate by 0.32%.
    • The bullion priced Rs.39,115 per kg and was constant for two days.
    • Silver rate in Pune dropped further to Rs.39,115 per kg and was steady on 28 and 29 of October.
    • Silver closed at Rs.39,435 per kg due to the volatility in the gold’s price.
    Parameters Silver price (per 1 kg)
    Silver Rate on 1st September 2017 Rs.40,390 per kg
    Silver Rate on 30th September 2017 Rs.39,530 per kg
    Highest Rate in September Rs.41,900 per kg on 9 and 10 September
    Lowest Rate in September Rs.39,530 per kg on 28 to 30 September
    Overall Monthly Performance Decline
    Percentage Change -2.12%

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

    • On the 1st of September, silver in Pune was trading at Rs.40,390 per kg.
    • Due to continued and stable demand from local investors prices remained unchanged till the 3rd.
    • The 4th saw silver rates in Pune increase to Rs.41,075 per kg, courtesy of a weak US dollar performance.
    • As demand increased, silver prices went up to Rs.40,340 per kg and then to Rs.41,495 per kg with industrial units queuing 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.
    • At the time of closing on the 10th, silver was still trading at Rs.41,900 per kg.

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

    • Silver prices in Pune this week was largely on the decline as a result of a strengthening US dollar.
    • On the 11th, silver in Pune was priced at Rs.41,075 per kg before going down slightly to trade at Rs.41,030 per kg on the 12th.
    • Silver rates in Pune rose to Rs.41,075 per kg on the 13th again but fell this time by a higher margin.
    • On the 14th, the white metal was priced at Rs.40,890 per kg and continued at this rate till the end of the week.

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

    • Silver rates in Pune was reflective of the trend seen in the consolidated Indian market. When the week began on the 18th, the metal was priced at Rs.40,440 per kg.
    • A strong US dollar performance had an adverse effect on silver on the 19th as the metal traded at Rs.39,680 per kg.
    • The North Korea - US conflict didn’t seem to settle down, which stoked safe-haven purchases, globally and domestically. This led to silver prices in Pune increasing to Rs.40,060 per kg on the 20th.
    • A drop in demand on the 21st saw the white metal trade at Rs.39,670 per kg. Due to steady and sustained demand, silver rates remained unchanged till the week came to an end.

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

    • In Pune, silver prices opened for this week at Rs.39,670 per kg.
    • Due to increased buying spurred by the imminent arrival of Dusshera festivities, silver prices rose to Rs.40,520 per kg.
    • However, as demand took a hit, silver prices in Pune went down to Rs.39,780 per kg on the 27th.
    • On the 28th, silver prices in Pune went further down to Rs.39,530 per kg as demand plummeted amidst weak global cues.
    • Over the final two days of the week, silver prices in Pune remained at Rs.39,530 per kg, thanks to a sustained but low demand from local buyers.
    • Silver rates in Pune declined at a rate of 2.12% due to weak demand from both local and international circles.
    Parameters Silver price (per kg)
    Silver Rate in 1st August Rs.38,925 per kg
    Silver Rate in 31st August Rs.40,040 per kg
    Highest Rate in August Rs.40,190 per kg on 29 & 30 August
    Lowest Rate in August Rs.37,235 per kg on 5 & 6 August
    Overall Monthly Performance Incline
    Percentage Change 2.86%

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

    • Silver trade dropped significantly during the first week as a result of reduced purchases made by industries and coin makers.
    • Silver traded at Rs.38,925 per kg on the 1st as investors began to make purchases in order to meet local demand.
    • Industrial demand reduced significantly after the US dollar recovered. This led to the silve price in Pune drop to Rs.38,455 per kg on the 2nd.
    • With investors eagerly waiting for the news on Federal Reserve Bank meetings, the demand for the metal reduced dropping its price to Rs.37,965 per kg on the 3rd.
    • The 4th saw a slight incline in silver rate in Pune at Rs.38,120 per kg owing to a marginal increase in industrial demand.
    • However, silver trade took a major hit reaching the lowest monthly figure at Rs.37,235 per kg on the 5th as industries and coin makers deferred making purchases after the Federal Reserve raised interest rates.
    • The week ended with silver trading at Rs.37,235 per kg on the 6th.

    August 2017 - Week 2 (7-13):

    • Silver price in Pune were recorded at Rs.37,295 per kg when the week began.
    • Silver rate in Pune went up to Rs.38,345 per kg on the 8th as local trade improved.
    • However, the white metal rates dipped again to Rs.37,965 per kg on the 9th due to an unexpected decline in demand from industries and coin makers.
    • The rising tensions between the US and North Korea gave silver trade the push it needed and silver was priced at Rs.38,925 per kg on the 10th.
    • On the 11th, silver rate in Pune rose further to Rs.39,530 per kg due to excessive industrial demand.
    • Silver traded at Rs.39,670 per kg on the 12th and the 13th, thanks to steady demand from industries and coin makers.

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

    • The unstable global and local demands resulted in silver price in Pune fluctuating during the week.
    • With steady purchases made by investors and retailers, silver traded at Rs.39,670 per kg on the 14th and 15th.
    • Silver trade took a hit as prices dropped to Rs.38,815 per kg on the 16th with the US dollar recovering.
    • On the 17th, overseas conflicts with North Korea led to the US economic collapse, leading to a rise in silver price in Pune at Rs.39,530 per kg.
    • Silver traded at Rs.39,115 per kg on the 18th with industrial demand reducing marginally.
    • Prices remained at Rs.39,115 per kg on the 19th and the 20th as local trade kept the demand steady.

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

    • With steady demand for the metal from retailers and investors, the week began with silver trading at Rs.39,225 per kg on the 21st.
    • The next two days witnessed silver prices rise to Rs.39,265 per kg following an increase in demand from industries and coin makers.
    • Silver Prices in Pune went up further to Rs.39,355 per kg on the 24th before it dropped to Rs.38,995 per kg on the 25th as demand began to fall towards the end of the week.
    • The rest of the week saw silver trading at Rs.38,995 per kg.

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

    • Silver rates in Pune surged during the last week in Pune.
    • The white metal rates went up to Rs.39,435 per kg on the 28th with US-North Korea relations worsening.
    • On the 29th, Hurricane Harvey led to the US economy collapse. Silver rates went up to a monthly high figure at Rs.40,190 per kg.
    • With stable demand from consumers, silver traded at Rs.40,190 per kg on the following day as well.
    • The month ended with silver prices at Rs.40.040 per kg owing to a slight decline in demand from industries and coin makers.
    Parameters Silver price (per kg)
    July 1 Rate Rs.38,640 per kg
    July 31 Rate Rs.38,640 per kg
    Highest Rate in July Rs.38,690 per kg on 3 July
    Lowest Rate in July Rs.36,035 per kg on 10 July
    Overall Monthly Performance No change
    Percentage Change 0%

    July ‘17- Week 1 (1 to 9)

    • In Pune, 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 rate in Pune went up to Rs.38,690 on the 3rd- the highest silver 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 ‘17- Week 2 (10 to 16)

    • 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 ‘17- Week 3 (17 to 23)

    • 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 ‘17- Week 4 (24 to 31)

    • Silver price in Pune 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 rate in Pune 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.
    Parameters Silver price
    June 1 Rate Rs.40,285 per kg
    June 30 Rate Rs.38,995 per kg
    Highest Rate in June Rs.40,890 per kg on 7 June
    Lowest Rate in June Rs.38,455 per kg on 21 June
    Overall Monthly Performance Decline
    Percentage Change -3.20%

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

    • When trading began for the month of June in Pune, silver was trading at Rs.40,285 per kg.
    • Due to a drop in demand, silver price in Pune wend down by Rs.385 on the 2nd to trade at Rs.39,950 per kg.
    • Thanks to a surge in domestic demand, spurred by weak US market data, prices increased by Rs.720 - bringing effective trading rates to Rs.40,670 per kg on the 3rd.
    • As there was a sustained demand for the metal on 4th, rates remained at Rs.40,670 per kg on the 4th.

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

    • The second week of June began with silver prices in Pune still holding at Rs.40,670 per kg. Rates remained unchanged on the 6th thanks to balanced off take from industrial units and coin makers.
    • Silver price in Pune went up to Rs.40,890 per kg on the 7th - the highest rate for the entire month - as demand surged considerably.
    • On the 8th, silver rate in Pune decreased to Rs.40,725 per kg as demand fell after the unexpected rise the previous day.
    • Prices went down again on the 9th, by Rs.540, for silver to trade at Rs.40,285 per kg and went down again on the 11th to Rs.40,060 per kg as demand showed no signs of picking up.

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

    • Silver rates fluctuated and subsequently decreased for most part of June week 3 due to uneven demand.
    • The 12th saw silver trade at Rs.39,680 per kg, which then declined to Rs.39,435 per kg on the 13th as local investors backed away from purchasing the metal.
    • Prices dropped again on the 14th to Rs.39,115 per kg but increased briefly to Rs.39,265 per kg on the 15th.
    • As prices decreased to Rs.38,995 per kg on the 16th, the slight hike the previous day seemed like an anomaly.
    • On the 17th, silver recorded its biggest price drop of Rs.535 to reach Rs.38,460 and remained unchanged on the 18th of the month.

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

    • The fourth week began, on 19th, in Pune with silver trading at Rs.38,460 per kg before remaining unchanged on the 20th.
    • However, as demand kept falling, silver recorded its lowest price for the month at Rs.38,455 per kg on the 21st.
    • Silver price in Pune increased very slightly to Rs.38,460 per kg on the 22nd before going up by Rs.230 to trade at Rs.38,690 per kg on the 23rd.
    • Over the last two days of June week 4, silver traded at Rs.38,995 per kg as domestic demand seemed to pick up.

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

    • The final week of June began in Pune with silver trading at Rs.38,925 per kg.
    • However, as demand went down considerably prices decreased to Rs.38,455 per kg.
    • On the 28th, silver prices went up to Rs.39,115 per gram - a Rs.650 per kg increase from the previous day’s closing figures - as buyers flocked bullion exchanges.
    • Silver prices went back down to Rs.38,995 per kg on the 30th after the buying frenzy subsided in just a day’s time.
    • Despite some end of the month flourishes, silver prices declined at an alarming rate of 3.20% for the month of June.
    May 1st Rate Rs.40,040 per kg
    May 31st Rate Rs.40,060 per kg
    Highest Rate in May Rs.40,520 per kg on 30th of May
    Lowest Rate in May Rs.37,705per kg on the 10th and 11th May
    Overall Performance Incline
    Percentage Change 0.04%

    May ’17 – Week 1 (1st – 7th)

    • Silver opened on the 1st of May in Pune at Rs.40,040 per kg but fell thereafter.
    • Falling demand for safe-haven bullion due to the rallying of Asian equities along with a rise in the value of the U.S. Dollar resulted in the decline in silver rate.
    • Silver traded at Rs.39,115 per kg on the second day of May in Pune before falling to trade at Rs.38,925 per kg on May 3rd.
    • There was a fall in the demand for silver from coin makers and industrialists resulting in the decline in silver rate.
    • The price of the U.S. Dollar increased which resulted in a fall in the rate of silver. This metal traded at Rs.37,965 per kg on the 5th of the month which was the lowest rate of silver for the month.
    • However, there was a marginal recovery noted in the rate of silver as the month came to an end with this metal trading at Rs.38,005 per kg on the 6th as well as the 7th of May due to steady but slow demand.

    May ’17 – Week 2 (8th – 14th)

    • Emmanuel Macron’s win in the French Presidential election resulted in the strengthening of the Euro which in turn had an impact on the price of silver.
    • On the 8th of May, silver traded at Rs.37,965 per kg but reduced marginally the next day to trade at Rs.37, 865 per kg.
    • There were a number of fluctuations noted in the rate of silver was the week progressed due to varying demand from coin makers and industrialists.
    • On the 10th and 11th of May in Pune, this metal was priced at Rs.37,705 per kg which was also the lowest at which silver was priced during the month of May in the city of Pune.
    • On the 14th of May in Pune, silver was priced at Rs.37,865 per kg.

    May ’17- Week 3 (15th – 21st)

    • During the third week of the month, it was witnessed that the demand for this precious increased as the value of the U.S. Dollar reduced. This also meant that an increase in the rate of silver was noted.
    • This precious metal traded at Rs.38,230 per kg on May 15th, and rose the next day to trade at Rs.38,640 per kg.
    • Weak data regarding manufacturing from the U.S. decreased expectations of interest rate hike by the U.S. Fed, resulting in a rise in silver rate in Pune.
    • Silver was priced at Rs.38,995 per kg on the 17th of May and increased to Rs.39,265 per kg on the 18th.
    • As the demand for this metal increased, the rate of silver increased to trade at Rs.39,115 per kg.

    May ’17 – Week 4 (22nd – 28th)

    • Due to fluctuations in the demand for this metal from industrialists, the price of silver varied throughout the fourth week of May in the city of Pune.
    • Silver was priced at Rs.39,265 per kg on the 22nd of May before rising to trade at Rs.40,040 per kg on the 23rd of May.
    • As Asian stocks gained, the rate of silver started to slightly fall with silver trading at Rs.39,670 per kg on the 24th of May.
    • A slight rise in the price of silver saw this metal trading at Rs.39,950 per kg on the 25th and 26th of May due to steady demand from coin makers.
    • The rate of silver increased due to higher demand on the last two days of the fourth week with silver trading at Rs.40,190 per kg.

    May ’17 – Week 5 (29th – 31st)

    • Due to fluctuations in markets, the rate of this metal varied during the final week of May in Pune.
    • Easing Asian stock markets resulted in a slight increase in the rate of silver.
    • This metal was priced at Rs.40,285 per kg on the 29th of the month before rising to a monthly high of Rs.40,520 per kg on the 30th of May.
    • On the last day of May in Pune, silver traded at Rs.40,060 per kg, recording an incline of 0.04% in the price.
    April 1st Rate Rs.42,570 per kg
    April 30th Rate Rs.40,040 per kg
    Highest Rate in April Rs.43,055 per kg on 15th & 16th April
    Lowest Rate in April Rs.40,040 per kg on 29th & 30th April
    Overall Performance Decline
    Percentage Change -5.94%

    April ’17- Week 1 (1st to 9th)

    • The price of silver in Pune was steady as the month began as demand was consistent.
    • Silver traded at Rs.42,570 per kg on 1st April as industrial demand and strong local demand kept prices stable.
    • A weak U.S. Dollar led to an increase in demand from overseas, which pushed silver prices to Rs.42,775 per kg on 5th April, though prices fluctuated slightly due to market volatility.
    • Prices fell after the middle of the week due to the North Korean stand-off, which resulted in a slight decrease in demand from Asia, though markets continued to be volatile.
    • Prices steadied a bit as the week ended, with silver trading at Rs.42,640 per kg on 9th April.

    April ’17 – Week 2 (10th to 16th)

    • Prices continued to fluctuate in the second week, though demand was higher due to a weaker U.S. Dollar.
    • Silver traded at Rs.41,625 per kg on 10th April, a steep drop in price from the last week due to poor demand from overseas.
    • Prices began to pick up as tensions over North Korea eased and the U.S. economic climate appeared to stabilise, with silver trading at Rs.42,775 per kg on 13th April.
    • Silver demand rose towards the middle of the week, trading at Rs.43,030 per kg on 14th April following a surge in demand due to surprising plummet by the U.S. Dollar.
    • Demand was steady as the week ended, with silver trading at a monthly high of Rs.43,055 per kg on 16th April due to consistent demand from industrial units and strong export demand.

    April ’17 – Week 3 (17th to 23rd)

    • A recovery by the markets and a rising U.S. Dollar led to a decline in demand for silver in the third week of April.
    • Silver was priced at Rs.43,030 per kg on 17th April, with the price falling to Rs.42,435 per kg on 19th April as the U.S. Dollar rate improved and U.S. markets recovered.
    • Local demand kept prices stable, but fell towards the middle of the week due to declining imports as the U.S. Dollar continued to strengthen.
    • Silver traded at Rs.42,080 per kg on 21st April, with the price falling to Rs.41,980 per kg on 23rd April due to lowered demand.

    April ’17 – Week 4 (24th to 30th)

    • The last week of April saw the price of silver fall as demand continued to drop due to surging markets.
    • Silver was priced at Rs.41,625 per kg on 24th April as industrial units reduced demand overall as import costs rose due to a strong U.S. Dollar.
    • The European markets were also on the upswing as the continent was hopeful of a Euro-centric French president coming to power.
    • Demand from local markets fell as silver plunged to Rs.40,520 per kg on 26th April amidst stagnant demand.
    • Silver ended the month priced at Rs.40,040 per kg on 30th April, registering an overall decline in value of 5.94%.
    March 1st Rate Rs.43,970 per kg
    March 31st Rate Rs.42,115 per kg
    Highest Rate in March Rs.44,100 per gram on 2nd March
    Lowest Rate in March Rs.40,520 per kg on the 11th and 12th of March
    Overall Performance Decline
    Percentage Change 4.23%

    March ‘17 - Week 1 (1st to 5th)

    • Silver opened at Rs.43,970 per kg in Pune which was relatively high due to sustained demand.
    • As a result of increased demand for this metal from coin makers and industrialists, the silver rate in Pune rose to its monthly high of Rs.44,100 per kg.
    • However, this demand could not be sustained and the rate of silver reduced considerably to trade at Rs.42,730 per kg on the second.
    • There was a minor increase in the demand for silver resulting in the price of this metal increasing to Rs.43,295 per kg.
    • On the last day of the week, silver traded at Rs.43,295 per kg.

    March ‘17 - Week 2 (6th to 12th)

    • Silver demand was not sustained as compared to the previous week and rates fell to trade at Rs.42,925 per kg on the first day of the second week of March in Pune.
    • As the demand continued to reduce, silver rate in pune proportionally as well.
    • Silver traded at Rs.41,900 per kg on the 8th of March which was followed by Rs.41,435 per kg on the 9th of March.
    • On the last two days of the week, due to sustained but low demand, this precious metal traded at Rs.40,520 per kg. This was also the lowest at which silver traded during the month of March.

    March ’17- Week 3 (13th to 19th)

    • Rate of silver on the opening day of the third week of March in Pune was relatively higher than that noticed during the previous week. Silver traded at Rs.40,760 per kg on the 13th of March.
    • Price of silver in Pune continued to fall with the metal trading at Rs.40,440 per kg on the 14th of March and reducing even further the next day.
    • Due to positive cues from international markets, silver marginally recovered to trade at Rs.40,890 per kg on the 16th but this recovery could not be sustained.
    • On the last day of the week, silver traded at Rs.40,815 per kg.

    March ’17- Week 4 (20th to 26th)

    • Silver traded at Rs.40,075 per kg on the 20th before recovering slightly to trade at Rs.41,230 per kg on the 22nd of March.
    • Due to a moderate increase in demand, the price of silver was Rs.41,340 per kg and continued to rise on the 24th as well.
    • However, this demand could not be sustained and the rate of silver in Pune fell.
    • On the last two days of the penultimate week of March, silver traded at Rs.41,340 per kg.

    March ’17 – Week 5 (27th to 31st)

    • A marginal increase in demand resulted in silver trading at Rs.41,900 per kg on the 27th and increased to Rs.42,115 per kg on the 28th.
    • This rate was seen the next day as well.
    • Silver rate in Pune increased marginally on the 30th before falling again due to a rise in the value of the U.S.Dollar.
    • Silver closed the month of March in Pune by trading at Rs.42,115 per kg showing a decline of 4.23% in the rate of silver.
    February 1st Rate Rs. 42,520 per kg
    February 28th Rate Rs. 44,165 per kg
    Highest Rate in February Rs. 44,165 per kg on 28th February
    Lowest Rate in February Rs. 42,115 per kg on 3rd February
    Overall Performance Rise
    Percentage Change 3.86%

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

    • On 1st of February, when trading for the month bega, silver was trading at Rs.42,520 per kg but went up to Rs.42,640 per kg, thanks to the sudden rise in industrial demand.
    • The 3rd, however, saw silver prices decrease to hit the lowest for the month at Rs.42,115 per kg.
    • At the end of the week on 4th, silver rates went up to Rs.42,355 per kg on 4th as prices seemed to go up slightly.

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

    • When week 2 began on 5th, silver was still priced at Rs.42,355 per kg before increasing by Rs.165 to hit Rs.42,520 per kg.
    • On 7th, prices increased again to reach Rs.42,930 per kg - an increase of Rs.410 per compared to the previous day’s price.
    • Rates went down marginally to Rs.42,920 per kg on 8th but bounced back to finish the business day of the 9th at Rs.42,950 per kg.
    • On 10th, prices hit the lowest for the week to reach Rs.42,375 per kg..
    • Rates went up on the last day of week 2 to hit Rs.42,570 per kg as demand went up again.

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

    • The third week of February saw gold prices fluctuate considerably.
    • When trading began on 12th, silver was priced at Rs.42,570 per kg and increased considerably by Rs.710 to hit Rs.43,280 per kg on 13th.
    • The 14th saw prices go down as whatever factors brought about the rise wasn’t there to be see again.
    • The final three days of week 3 in Pune witnessed prices increase as demand went up.
    • On 15th, silver was priced at Rs.43,385 per kg which later went up to Rs.43,520 per kg on 16th.
    • Week 3 ended on 18th as silver rates declined to go down to Rs.43,400 per kg.

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

    • Over the fourth week of February, silver prices still saw fluctuations despite the fact that trend was on the incline.
    • When trading began on 19th, silver was trading at Rs.43,400 per kg but went down to Rs.43,270 per kg on 20th.
    • Rates slightly increased on 21st to reach Rs.43,285 per kg but went down on 22nd to hit Rs.43,240 per kg.
    • Prices went up on the 23rd to Rs.43,295 per kg and then to Rs.43,680 per kg on 24th.
    • When the week ended on 25th, silver was seen trading at Rs.43,910 per kg.

    February 2017 - Week 5 (25th - 28th):

    • Rates were on the incline during the last week of February.
    • When trading began on 25th, silver was priced at Rs.43,910 per kg and then increased to Rs.44,110 per kg on 27th.
    • On the last day of February, silver was still priced at Rs.44,165 per kg.
    • Pune saw silver price trends increase by 3.86% for the month of February.
    January 1st Rate Rs.39,035 per kg
    January 31st Rate Rs.41,980 per kg
    Highest Rate in January Rs.42,180 per kg on 23rd January
    Lowest Rate in January Rs.39,035 per kg on 1st January
    Overall Performance Rise
    Percentage Change +7.54%

    January ‘17 - Week 1 (1st to 7th)

    • Due to a rise in demand from the industry, the price of silver showed an upward trend.
    • This precious metal traded at Rs.39,035 per kg on the first day of the month and was on an upward trend thereafter with silver being priced at Rs.39,065 per gram.
    • Rate of silver continued to increase due to market fluctuations resulting in higher demand for this precious metal.
    • On the 3rd of January, the rate of silver was Rs.39,530 per kg.
    • Prices continued to rise as fluctuations in the markets led to greater demand for silver.
    • Silver ended the week trading at Rs.40,390 per kg on 7th January, registering an increase of Rs.1,355 per kg in the price of silver during the week.

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

    • Due to sustained demand from coin makers and industrialists, the rate of silver continued to be on upward streak, with silver opening the week at Rs.40,390 per kg on 8th January.
    • Rate of silver increased even further on the 9th to trade at Rs.40,520 per kg.
    • Prices rose to Rs.41,295 per kg on 11th January. Demand across sectors from both international and domestic markets resulted in an increase in prices.
    • Silver was priced at Rs.41,030 per kg on 13th January as a slight dip in demand led to prices slipping.
    • There was a slight 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.
    • This recovery could be attributed to the celebration of the Harvest festival in many parts of the country.

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

    • Prices were unstable in the third week due to market conditions, which led to fluctuations in demand.
    • Silver traded at Rs.41,230 per kg on 15th January and increased in the following days on strong demand.
    • Silver traded at Rs.41,990 per kg on 18th January before falling due to a reduction in industrial demand.
    • Prices in the third week were subject to market variations due to conflicting cues from international markets.
    • Rates fell to Rs.41,675 per kg on 20th January but increased as the week ended, trading at Rs.41,930 per kg on 21st January.

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

    • Uncertainty over the U.S. trade and economic policies led to demand fluctuations resulted in silver trading at Rs.41,930 per kg on 22nd January.
    • Prices increased to a monthly high of Rs.42,180 per kg on 23rd January on strong demand from Asian markets, but fell as the week progressed.
    • The U.S. Dollar increased in anticipation of positive news from the upcoming U.S. Fed meeting, resulting in demand for silver falling as it traded at Rs.41,075 per kg on 27th January.
    • Rates recovered as the month ended, with silver trading at Rs.41,980 per kg on 31st January to record an overall rise in price of 7.54%.

    Silver Price Trend in Pune

    The rate of silver varies according to global market conditions and one kg of silver costs Rs 39,364 (as of June 2015). The cost of silver has changed over the last year, having reached a maximum of over Rs 40,000 a kg and a minimum of around Rs 36,000 a kg. Silver rates have now reached a stable point, averaging around Rs 39,300 per kg.

    Silver rates are expected to rise up in the near future and this would be the perfect investment opportunity for those who wish to invest in silver.

    Major Silver Dealers in Pune

    Silver can be purchased from all major jewellers in Pune, some of the famous names being KP Gems World, Krishna Jewellers, VS Waikar and Sons, Sagar Jewellers and Tikhe Saraf. Silver can also be purchased from major banks and one could walk into select branches to purchase it. Local pawn shops and small jewellers too sell silver and can be found across the city.

    Also Check Silver Price in NearBy Cities of Pune

    Silver Rate in Mumbai Silver Rate in Delhi Silver Rate in Kolkata
    Silver Rate in Jaipur Silver Rate in Indore Silver Rate in Chandigarh
    Also Know: Gold Rate in Pune

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