Silver Rate in Pune Last Updated : 26 Jan 2021

Silver rate in Pune is influenced by several factors such as demand, geo-political, economic, etc. One of the main factors that influence the price of the metal is the prevailing dollar rate. They have an inverse relationship with each other. More information on the price of silver in Pune can be found below.
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  • Today's Silver Rate in Pune( 26 Jan 2021 )

    ₹ 66.7
    Today's Silver Rate per gram

    Compare Silver Rate In Pune (Today & Yesterday)

    Today
    Yesterday
    Rate Change
    Silver (1 gram) ₹ 66.7 ₹ 71.4 ₹ -4.7 ↓
    Bar Silver (1 Kg) ₹ 66,700 ₹ 71,400 ₹ -4,700 ↓

    Silver Price In Pune For Last 10 Days

    Date Silver (1 gram) Bar Silver (1 Kg)
    25 Jan 2021 ₹ 66.7 ₹ 66,700
    24 Jan 2021 ₹ 71.4 ₹ 71,400
    23 Jan 2021 ₹ 71.4 ₹ 71,400
    22 Jan 2021 ₹ 71.5 ₹ 71,500
    21 Jan 2021 ₹ 72.5 ₹ 72,500
    20 Jan 2021 ₹ 71.2 ₹ 71,200
    19 Jan 2021 ₹ 70.6 ₹ 70,600
    18 Jan 2021 ₹ 69.7 ₹ 69,700
    17 Jan 2021 ₹ 69.7 ₹ 69,700
    16 Jan 2021 ₹ 69.7 ₹ 69,700

    Weekly & Monthly Graph of Silver Rate in Pune

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    • 3 Months
    • 6 Months

    *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.

    Trend of Silver Rate in Pune for December 2020 (rates per kg)

    Parameters Silver Price (per kg)
    December 1 Rate Rs.64,600 per kg
    December 31 Rate Rs.72,300 per kg
    Highest Rate in December Rs.74,100 per kg on 21 December
    Lowest Rate in December Rs.63,400 per kg on 10 December
    Overall Monthly Performance Incline
    Percentage Change 11.9%
    • Silver rate in Pune opened the month of December at Rs.64,600 per kg.
    • The metal reached its highest price on 21 December and was priced at Rs.74,100 per kg. The lowest price for silver was recorded on 10 December 2020 when the metal was being sold at Rs.63,400 per kg.
    • On 31 December, silver was priced at Rs.72,300 per kg. The overall trend of silver for December in Pune was an increase of 11.9%.

    Trend of Silver Rate in Pune for November 2020 (rates per kg)

    Parameters Silver Price (per kg)
    November 1 Rate Rs.60,100 per kg
    November 30 Rate Rs.64,700 per kg
    Highest Rate in November Rs.67,700 per kg on 18 November
    Lowest Rate in November Rs.60,100 per kg on 1 November
    Overall Monthly Performance Incline
    Percentage Change 7.65%
    • Silver prices in Pune opened for the month of November at Rs.60,100 per kg, which was also the lowest price for the precious metal for the entire month in the city.
    • Silver rates in Pune continued to increase through the rest of the month, hitting the highest price point of Rs.67,700 per kg on 18 November.
    • The overall monthly performance of silver in Pune was on an incline with a percentage change of 7.65% through the month.
    • Silver prices in Pune closed the month of November at Rs.64,700 per kg with several fluctuations in between.

    Trend of Silver Rate in Pune for October 2020 (rates per kg)

    Parameters Silver Price (per kg)
    October 1 Rate Rs.60,700 per kg
    October 31 Rate Rs.61,000 per kg
    Highest Rate in October Rs.63,500 per kg on 21 October
    Lowest Rate in October Rs.60,210 per kg on 8 October
    Overall Monthly Performance Incline
    Percentage Change 0.49%
    • Silver prices in Pune opened at Rs.60,700 per kg in Pune and hovered around that price point until the second week when prices started picking up steadily.
    • The highest silver rate in Pune in October was on 21 October while the lowest silver price in Delhi was on 21 October. The highest silver price was Rs.63,500 per kg while the lowest silver rate was Rs.60,210 per kg
    • Silver price in Delhi were influenced by several global factors ranging from the ongoing Covid-19 pandemic and its effect on the global economy to the US stimulus package announcements.
    • Overall, the monthly performance of silver in Delhi was on an incline with a percentage change of 0.49%.

    Trend of Silver Rate in Pune for September 2020 (rates per kg)

    Parameters Silver Price (per kg)
    September 1 Rate Rs.76,500 per kg
    September 30 Rate Rs.62,500 per kg
    Highest Rate in September Rs.76,500 per kg on 1 September
    Lowest Rate in September Rs.58,500 per kg on 24 September
    Overall Monthly Performance Decline
    Percentage Change -18.30%
    • A kilo of silver was retailed for Rs.76,500 in Pune at the start of September. This was the highest price of the white metal for the month in the city.
    • Having recorded its highest price for the month on the opening day, the price of the precious metal slipped. Over the month, silver rates fluctuated in the city and recorded its lowest price for the month on 24th September when a kilo was retailed for Rs.58,500.
    • Silver price in Pune closed the month at Rs.62,500 per kg. The overall monthly performance of the valuable metal witnessed a declining trend in the city. The percentage change in the rates stood at -18.30%.

    Trend of Silver Rate in Pune for August 2020 (rates per kg)

    Parameters Silver Price (per kg)
    August 1 Rate Rs.65,010 per kg
    August 31 Rate Rs.66,370 per kg
    Highest Rate in August Rs.76,520 per kg on 8 August
    Lowest Rate in August Rs.65,010 per kg on 1 and 13 August
    Overall Monthly Performance Incline
    Percentage Change 2.09%
    • In Pune, a kilo of silver was retailed for Rs.65,010 at the start of the month. The opening price of the metal was the lowest for the month. Compared to the price charged on the final day of the previous month, the rate was up by Rs.2,000 per kg.
    • The price of silver recorded its highest price for the month on 8th August when the precious metal cost Rs.76,520 per kg in the city.
    • Silver price in Pune closed the month of August at Rs.66,370 per kg. The overall performance of the metal witnessed an inclining trend in the city with the recorded percentage change being 2.09%.

    Trend of Silver Rate in Pune for July 2020 (rates per kg)

    Parameters Silver Price (per kg)
    July 1 Rate Rs.48,560 per kg
    July 31 Rate Rs.63,010 per kg
    Highest Rate in July Rs.66,060 per kg on 30 July
    Lowest Rate in July Rs.48,510 per kg on 5 July
    Overall Monthly Performance Incline
    Percentage Change 29.75%
    • A kilo of silver was retailed for Rs.48,560 in Pune at the start of July. There was an increase of Rs.50 in the rates when compared to the closing price of the previous month.
    • The price of silver increased on 2nd of July before slipping and recording its lowest price for the month on 5th July with a kilo costing Rs.48,510. Over the month, the rates of the white metal fluctuated in the city. Silver recorded its highest price for the month on 30th July when a kilo was retailed for Rs.66,060.
    • Silver price in Pune closed the month at Rs.63,010 per kg. The metal’s overall performance witnessed an inclining trend with the percentage change standing at 29.75%.

    Trend of Silver Rate in Pune for June 2020 (rates per kg)

    Parameters Silver Price (per kg)
    June 1 Rate Rs.50,120 per kg
    June 30 Rate Rs.48,510 per kg
    Highest Rate in June Rs.50,160 per kg on 2 June
    Lowest Rate in June Rs.47,110 per kg on 16 June
    Overall Monthly Performance Decline
    Percentage Change -3.21%
    • In Pune, the white metal was priced Rs.51,120 per kg at the start of the month. There was an incline of Rs.20 in the rates when compared to the closing price of the previous month.
    • Silver rates saw a lot of fluctuations over the month in the city. It can be accounted to a variety of factors like increased demand, increasing number of coronavirus cases across the world denting the chance of a quick economic recovery etc.
    • The precious metal which recorded its lowest price for the month on 16th June with a kilo costing Rs.47,110 closed the month at Rs.48,510 per kg. The rates witnessed a declining trend over the month with the percentage change standing at -3.21%.

    Trend of Silver Rate in Pune for May 2020 (rates per kg)

    Parameters Silver Price (per kg)
    May 1 Rate Rs.42,530 per kg
    May 31 Rate Rs.50,100 per kg
    Highest Rate in May Rs.51,400 per kg on 25 May
    Lowest Rate in May Rs.41,010 per kg on 2 May
    Overall Monthly Performance Incline
    Percentage Change 17.79%
    • In Pune, silver prices opened the month of May at Rs.42,530 per kg and showed an overall inclining trend throughout the week and the month. On 2 May, the price of the metal dropped to Rs.41,010 per kg with investors shifting to the stock market with higher risk appetite with Japanese equities showing positive trends. With this, the price of the metal increased marginally to Rs.41,210 per kg on 3 May and further to Rs.41,220 per kg on 4 May. The price of the metal increased for the third consecutive day on 5 May, at Rs.41,520 per kg with investors shifting back to the bullion market with a lower risk appetite speculating the second wave of COVID-19 cases all over the world. The price of silver, on 6 May dipped to Rs.41,310 per kg, however, at the end of the week, silver prices increased and crossed the Rs.42,000 per kg mark. On 7 May, the price of the metal closed at Rs.42,010 per kg.
    • The white metal, in the second week of the month, opened at Rs.42,060 per kg on 8 May, increasing further to Rs.43,510 per kg on 9 May. With investors shifting away from riskier assets, the price of the metal increased due to its safe-haven appeal. However, a strong dollar value cut down its gains and the precious metal was priced at Rs.43,610 per kg on 10 May. Silver prices, on 11 May, increased marginally to Rs.43,620 per kg on. However, the precious metal began showing a negative trend, dropping to Rs.43,090 per kg on 12 May and further plummeting to Rs.42,950 per kg on 13 May. With a rise in the number of fresh COVID-19 cases all over the world, risk appetite amongst investors dipped and the demand for safe-haven assets increased. With this, the price of the metal recovered marginally, increasing to Rs.42,960 per kg and crossing the Rs.43,000 per kg at the end of the week. The metal closed the second week of the month at RS.43,160 per kg on 15 May.
    • In the third week of May, silver prices opened at a whopping Rs.46,900 per kg on 16 May, increasing by Rs.3,740 per kg. The rise in prices was due to rising tensions between China and the United States of America with investors awaiting the decision of the White House on the security law. However, the price of the metal dipped to Rs.46,710 per kg on 17 May with a slight rise in the value of the U.S. dollar in the economy, keeping bullion prices at bay. The price of the metal on 18 May increased marginally to Rs.46,720 per kg. On 19 May, silver prices inclined to cross the Rs.48,000 per kg mark for the first time in the month at Rs.48,510 per kg with rising tensions between the two economic superpowers. However, the price of the metal dipped in the next session and was Rs.47,670 per kg on 20 May. With tensions increasing yet again and investors awaiting the decision from the U.S., the value of the metal increased as investors remained partial towards less risky assets. The value of the metal increased on 22 May at Rs.48,250 per kg and increased to close the week at Rs.48,350 per kg on 23 May.
    • Silver prices opened the last week of the month at Rs.48,360 per kg on 24 May, with a marginal incline compared to the previous week’s closing. The metal hit its highest price of the week and the month on 25 May, crossing the Rs.50,000 per kg mark, at Rs.50,400 per kg with tensions rising between the U.S. and China. The price of the metal, however, soon plummeted to Rs.48,000 per kg on 26 May with investors with a higher risk appetite shifted to the equities market. Expecting a fasting economic recovery, the safe-haven appeal of the metal dipped, and the metal recovered marginally on 27 May Rs.48,700 per kg. However, on 28 May, silver prices dropped marginally to Rs.47,910 per kg and held steady till 29 May with riots happening all over the country along with political tensions rising between the two countries. On 30 May, the price of the metal increased to Rs.48,560 per kg and closed the month and the week at Rs.50,100 per kg on 31 May.

    Also Check Silver Price in NearBy Cities of Pune

    Trend of Silver Rate in Pune for April 2020 (rates per kg)

    Parameters Silver Price (per kg)
    April 1 Rate Rs.40,500 per kg
    April 30 Rate Rs.41,520 per kg
    Highest Rate in April Rs.42,710 per kg on 21 April
    Lowest Rate in April Rs.40,360 per kg on 6 April
    Overall Monthly Performance Incline
    Percentage Change 2.51%
    • Silver opened the month of April at Rs.40,500 per kg in Pune. There was no change in the rates of the precious metal when compared to the closing price of the previous month. Having stayed constant for the first five days, the rates of the white metal slipped to its lowest for the month on 6th April with a kilo being retailed for Rs.40,360 in the city. The drop in the prices was accounted to signs of a slowdown due to the spread of coronavirus.
    • With investors finding refuge in safe-haven assets given the dip in international crude oil prices, silver touched its highest price for the month of April on 21st April. Silver was retailed for Rs.42,710 per kg in the city.
    • The white metal closed the month at Rs.41,520 per kg in Pune. Silver’s overall performance showed an incline with the percentage change being 2.51%.

    Trend of Silver Rate in Pune for March 2020 (rates per kg)

    Parameters Silver Price (per kg)
    March 1 Rate Rs.47,400 per kg
    March 31 Rate Rs.40,500 per kg
    Highest Rate in March Rs.50,700 per kg on 6 March
    Lowest Rate in March Rs.37,800 per kg on 19 March
    Overall Monthly Performance Decline
    Percentage Change -14.55%
    • In Pune, silver price stood at Rs.47,400 per kg on the 1st of March. Compared to the previous month’s closing price, there was no change in the rates of the white metal. Over the first week, the rates were on an upward curve as there was a rebound on the expectations that the US Federal Reserve will cut the interest rates.
    • The rates touched the highest for the month on 6th March with every kilogram costing Rs.50,700 in the city. This was accounted to the anticipated cut in the interest rates by the US Federal Reserve given the current scenario in the world.
    • Following that, the rates started to slip in Pune as investors sought to sell off their assets and hoard cash given the rise in the US dollar and the pandemic hovering over the global markets. The dip in the prices resulted in every kilo of silver being retailed for Rs.37,800 on 19th March, the lowest recorded price for the month.
    • Silver prices started to improve following that as the US Federal Reserve announced unprecedented measures to absorb the impact of coronavirus on the economy. The rates of the white metal went up to Rs.40,700 per kg by 23 March before dropping slightly the next day. The precious metal closed the month at Rs.40,500 per kg with the overall performance showing a decline in the prices.

    Trend of Silver Rate in Pune for February 2020 (rates per kg)

    Parameters Silver Price (per kg)
    February 1 Rate Rs.50,300 per kg
    February 29 Rate Rs.47,400 per kg
    Highest Rate in February Rs.52,900 per kg on 24 February
    Lowest Rate in February Rs.47,400 per kg on 29 February
    Overall Monthly Performance Decline
    Percentage Change -5.76%
    • Opening the month of February at Rs.50,300 per kg, silver prices showed a fluctuating trend during the month with continuous inclines during the first three weeks but declining in the last week. The metal’s prices were dependant on the safe-haven demand in the global market amidst rising Coronavirus fears. With new cases being reported on an everyday basis, the metal’s prices had soared, mainly in the second and third week of the month.
    • Even though China had reduced its reverse repo rates and liquidated funds to help their economy stabilise, that measure was short-lived. The virus affecting more people and the death toll increasing resulted in the price of the white metal increasing to Rs.50,000 per kg on 7 February. With constant fluctuations, silver dipped marginally in the second week of the month, but not before getting back to the Rs.50,000 per kg range by 15 February.
    • In the first half of the third week, silver prices remained steady in the global markets, priced at Rs.50,400 per kg on 17 February. However, with South Korea reporting 5,000 new cases of coronavirus and the death toll increasing, investors shifted back to the bullion market due to rising fears of the virus. The price of the metal had increased to Rs.51,600 per kg on 19 February. Amidst the increasing fears, the white metal had increased by almost Rs.1,000 and was priced at Rs.52,300 per kg on 21 February.
    • At the end of the month, silver prices closed at a low of Rs.47,400 per kg with a percentage decline of 5.76. Even though the trend of the metal remained positive until the end of the month after hitting the monthly high at Rs.52,900 per kg, profit booking remained the sole reason in the decline in its prices. Given the fluctuating market, traders booked profits while the price of silver was trading higher which resulted in a decrease in prices.

    Trend of Silver Rate in Pune for January 2020 (rates per kg)

    Parameters Silver Price (per kg)
    January 1 Rate Rs.50,300 per kg
    January 31 Rate Rs.50,200 per kg
    Highest Rate in January Rs.52,600 per kg on 8 January
    Lowest Rate in January Rs.49,200 per kg on 30 January
    Overall Monthly Performance Decline
    Percentage Change -0.19%
    • The prices of silver fluctuated throughout the month of January in Pune. Silver prices opened at Rs.50,300 per kg on 1 January 2020 and closed at Rs.50,200 per kg on 31 January 2020.
    • Compared to the last day of December 2019, the prices of silver were down by Rs.600.
    • Over the course of the first week of January 2020, the prices of the white metal gradually increased due to the tensions between the US and Iran. On 8 January 2020, the prices of silver hit its highest rate for the month and touched Rs.52,600.
    • The concerns over the coronavirus and the demand for riskier assets ensured that the prices of silver reduced by the end of the month. Overall, the prices of silver saw a decline of 0.19% in Pune for the month of January.

    The Trend of Silver Rate in Pune

    Silver is among the most precious metals in Pune given that it is a major city in the state having many industries. Silver is valued in Pune both as jewellery and as a form of currency. The metal has been considered an important metal showcasing wealth and value for many decades. The white metal is considered auspicious and is kept as an asset in most homes. Even if there are constant fluctuations and declines in the stock markets, the value of silver remains steady and is a reliable source of income. Silver prices depend largely on the gold prices in India and in the international market.

    What Are The Factors Affecting The Silver Rate in Pune?

    Many factors play a role in the fluctuating silver prices in Pune. One of the major factors which affect silver rates in Pune is the international trend of silver and gold. Along with this, the domestic demand of silver along with the fluctuating trend of the U.S. dollar also affects the prices of the metal. In many instances, geopolitical tensions between countries, uncertainties in the equities market, changes in import taxes, rate cuts by central banks play a significant role in the constant changes in silver rates.

    Silver Rate in Pune – FAQs

    1. Where can I buy the best quality silver in Pune?
    2. You can visit various retailers and jewellers to check the best quality silver which can be bought in Pune.

    3. Will the silver price in Pune change?
    4. Yes, the silver rate can change in Pune depending on a number of factors such as the crude oil prices, the international trend of the bullion market, the global state of political and social tensions along with the price of the rupee and the U.S. dollar.

    5. How do I know the quality of silver in Pune?
    6. The quality of silver can be known by checking if the silver you are purchasing is sticking to a magnet. If it does, the quality of silver is not good. The best quality of silver is the Sterling Silver Alloy which has 92.6% of silver and 7.4% of other metals.

    Read more on Silver

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    News About Silver Rate in Pune

    • Gold prices recover marginally after seeing continuous declines; silver prices remain flat

      The value of 22-karat gold increased marginally by Rs.10 to Rs.48,480 per 10 grams and 24-karat gold was priced at Rs.49,480 per 10 grams. In New Delhi, the value of 22-karat gold was Rs.48,470 per 10 grams and the price of 24-karat gold was Rs.52,870 per 10 grams.

      In Kolkata, gold prices were at Rs.48,820 per 10 grams for 22-karat gold and Rs.51,520 per 10 grams for 24-karat gold. Comparatively, in Chennai, gold prices were lesser at Rs.47,020 per 10 grams for 22-karat gold and Rs.51,290 per 10 grams for 24-karat gold.

      Silver prices remained flat on 11 January at Rs.63,900 per kg in Mumbai, Kolkata and Delhi. In the international market, spot gold prices dipped by 1.1% to $1,831.90 per ounce.

      15 January 2021

    • Gold falls Rs 104; silver declines Rs 736

      The prices of gold dropped by Rs.104 to Rs.48,703 per 10 gram in New Delhi while silver prices declined Rs.736 to Rs.61,621 per kg.

      In the international market, the price of gold fell $1,836 while silver traded flat at $23.92 per ounce.

      08 December 2020

    • Silver prices witness a decline due to reduced demand

      Silver prices dipped on 11 November by Rs.628 and was Rs.62,416 per kg as investors shifted away from the bullion market. Due to the lowest demand, silver contracts for December delivery on the Multi Commodity Exchange dropped by 1% to Rs.62,416 per kg for a turnover of 12,957 lots.

      In the international market, silver prices were trading lower by 0.81% at $24.27 per ounce.

      12 November 2020

    • Gold and silver record substantial declines due to international trends

      Gold prices on 20 October dipped by Rs.268 in National Capital Region due to a declining trend in the international price of the metal. The price of gold was at Rs.50,860 per 10 grams and had previously closed at Rs.51,128 per 10 grams.

      Following suit, silver prices also declined to a great extent by Rs.1,126 to Rs.62,189 per kg compared to its previous session, closing at Rs.63,315 per kg.

      In the international market, gold prices dipped to $1,901 per ounce and silver prices were trading flat at $24.37 per ounce.

      20 October 2020

    • Gold rates reach Rs.54,330 per 10 gm and silver prices stand at Rs.63,800

      Gold prices today fell to Rs 54,330 from Rs 53,970 per 10 gm, while silver was trending at Rs 63,800 per kg, according to the Good Returns website. In New Delhi, the price of 22-carat gold remained at Rs 49,800 per 10 gm, and in Chennai, it climbed to Rs 48,870. In Mumbai, the rate was Rs 49,820 according to the Good Returns website. The price of 24-carat gold in Chennai was Rs 53,310 per 10 gm.

      On the MCX, October gold futures jumped 0.57 per cent to Rs 51,107 per 10 gm, while silver December futures were at Rs 63,098 per kg.

      14 October 2020

    • Domestic Gold Futures reclaim Rs.51,650-mark, Silver above Rs.68,500 as Equities lose steam

      Price of domestic gold and silver futures moved higher on Monday, supported by weakness in the US dollar as investors waited for the Federal Reserve's policy meeting later this week for cues. Multi Commodity Exchange (MCX) gold futures (due for an October 5 delivery) rose by Rs.361 - or 0.70% to end at Rs.51,680, and silver futures (December 4) ended at Rs.68,535, up Rs.607 or 0.89% from their previous close. The gold and silver contracts had surged to as high as Rs.51,736 and Rs.68,720 respectively during the session.

      Spot gold grew up as much as 1.07% to touch the $1,968.70 per ounce mark on Monday, and silver jumped 2.01 per cent to $27.40 per ounce.

      Back home, spot gold settled at Rs.51,394 per 10 grams on Monday, and silver at Rs.65,223 per kilogram, excluding GST, according to Mumbai-based India Bullion and Jewellers Association (IBJA).

      17 September 2020

    • Gold prices today fall sharply after rising Rs.1300 in 2 days, silver crashes

      The prices of gold and silver dropped today in Indian markets after a strong rise in the previous two sessions. On MCX, October gold futures dropped 0.9% to Rs.53,110 per 10 gram while silver futures fell 2.5% to Rs.67,8640 per kg. In the previous two sessions, the price of gold had rose Rs.1,300 per 10 gram while silver had increased Rs.2,100 per kg.

      In global markets, the price of gold held above the key level of $2,000 per ounce, supported by a weaker US dollar. Spot gold was up 0.1% at $2,002.12 per ounce. Silver grew 0.6% to $27.82 per ounce while platinum inclined 0.2% to $958.33.

      The dollar index fell for a sixth straight session to near a more than two-year low. The benchmark 10-year U.S. Treasury yields moved lower as well.

      The gains in the yellow metal was capped after a strong Wall Street session in which the S&P 500 hit an all-time high. Asian equities traded mostly higher today.

      21 August 2020

    • Gold prices dip marginally at the Rs.55,000 per 10-gram mark; silver prices at Rs.68,900 per kg

      The gold rate dropped from Rs.55,100 per 10 grams to Rs.55,090 per 10 grams while silver prices increased by more than Rs.800 from Rs.68,010 per kg to Rs.68,900 per kg. In the nation’s capital, the value of 22-karat gold was priced at Rs.51,150 per 10 grams and Rs.50,700 per 10 grams in Chennai. The price of 24-karat gold in Chennai was Rs.55,320 per 10 grams.

      On the Multi Commodity Exchange, gold futures for October increased by 2.11% to Rs.53,275 per 10 grams. Silver futures for September was at Rs.69,155 per kg. The price of the yellow metal increased by Rs.340 at the beginning of the week.

      In the international market, gold prices increased to $1,954 per ounce and silver was trading at $26.81 per ounce.

      18 August 2020

    • Gold and silver prices drop as U.S. dollar value recovers

      Gold and silver prices have fallen for the third consecutive time in a row due to the value of the dollar recovering in the market. With the announcement from Russia registering the world’s first COVID-19 vaccine, the risk appetite increased. Spot gold prices for 24-karat gold dipped by more than 5% to Rs.52,440 per 10 grams. The value of 22-karat gold was Rs.48,091 per 10 grams.

      Silver prices in Pune as well, dipped by 7% to below Rs.70,000 per kg level on 11 August 2020. The U.S. index increased after the United States President Donald Trump considered lowering the taxes on capital gains.

      Gold futures for September delivery on Multi-Currency Exchange was down by 5% or Rs.2,716 to Rs.52,528 per 10 grams. For September delivery, silver futures were down by 7% to Rs.69,925 per kg dropping by Rs.5,469.

      12 August 2020

    • Silver rates in Pune climb by 4.8 percent on Friday

      The rates of the white metal climbed by 4.8 percent on Friday and reached Rs.60,100 per kg. This was the first time since December 2012, the rates have breached the Rs.60,000 mark. On the Multi Commodity Exchange (MCX), September silver futures rose by 8 percent to Rs.62,000 per kg.

      Gold rates also climbed to an all-time high of Rs.50,085 for every 10 grams before dropping to Rs.49,711. In the global market, the price of the yellow metal stood at a new high on Wednesday when an ounce cost $1,861.

      24 July 2020

    • Price of gold shows third drop in 4 days; silver prices fall

      Gold prices on 20 July dipped in the Indian market due to mute international trends. August futures on the Multi Commodity Exchange was down by 0.12% at Rs.48,910 per 10 grams which was the metal’s third decline in 4 days. Silver prices also dipped on the MCX by 0.25% at Rs.52,756 per kg. Since the time gold had hit its all-time high, the price of the metal has been fluctuating in the market.

      In the international market, the metal has been trading above the $1,800 per ounce levels. Spot gold was holding steady at $1,808.53 per ounce and gold futures in the United States was trading at $1,809 per ounce which was due to a weak U.S. dollar value and the rise in COVID-19 cases all over the world which increased risk appetite.

      21 July 2020

    • Gold and silver prices surge due to rising COVID-19 cases

      The price of gold increased marginally by Rs.40 and was priced at Rs.49,050 per 10 grams and silver prices increased by Rs.210 to Rs.52,210 per kg from Rs.52,000 per kg. In the city of New Delhi, the value of 22-karat gold was priced at Rs.47,850 per 10 grams and Rs.46,960 per 10 grams in Chennai. The price of 24-karat gold in Chennai was priced at Rs.51,240 per 10 grams.

      On the Multi Commodity Exchange, gold futures had increased by 0.58% to Rs.49,148 per 10 grams whereas silver futures for September rose to Rs.53,048 per kg. The exports in June 2020 was at $1,647.49 million which was comparatively lesser by 34.72% at $2,523.74 million in June 2019.

      15 July 2020

    • Silver prices ease along with gold tracking international trends

      On 2 July, the value of gold and silver in the country eased due to international trends and profit booking amongst investors after the metal hit an all-time high of Rs.48,982 per 10 grams. On the Multi Commodity Exchange, the price of gold for August delivery was within the range of Rs.48,162 per 10 grams and Rs.48,223 per 10 grams compared to its previous closing at Rs.48,267 per 10 grams.

      The silver futures also within the range between Rs.49,254 per kg to Rs.49,352 per kg. Gold futures recorded a slight dip in prices by 0.16% at Rs.48,192 per 10 grams and silver futures recorded a decline of 0.19% at Rs.49,332 per kg.

      According to the India Bullion and Jewellers Association, the opening rate of gold jewellery was at Rs.48,490 per 10 grams and silver was at Rs.48,843 per kg which was the price excluding GST.

      The price of the yellow metal and silver eased in the international market due to a rise in risk appetite after news of promising results of a COVID-19 vaccine hit the safe-haven demand of the metal. Spot gold was trading at 0.1% lower at $1,767.79 per ounce due to this.

      3 July 2020

    • Silver futures prices in the country for the second day in a row on 2 July 2020

      Silver futures prices on MCX decreased by 0.25% and are at Rs.49,300 for a kg. In the previous session, the prices of silver reduced by Rs.900.

      In the international markets, the prices of the white metal increased by 0.2% and are at $17.97 for an ounce. Like silver, the prices of gold decreased in the country as well. Gold futures prices for the month of August on MCX fell by 0.16% and are at Rs.48,188 for 10 grams. In the previous session, gold prices reduced by Rs.500. Over the last two days, the prices of gold have fallen by Rs.800. Earlier, prices of the yellow metal hit record highs and are at Rs.48,982 for 10 grams. In the international markets, the prices of gold reduced after the developments of a vaccine for coronavirus. Traders will keep a watch on the monthly US data that will be announced today. Spot gold prices decreased by 0.2% and are at $1,767.11 for an ounce. On 1 July 2020, the prices of gold hit its highest price since October 2012 and were at $1,788.96 for an ounce. The prices of the yellow metal in the country are inclusive of 12.5% import duty and 3% GST.

      2 July 2020

    • Gold rates increases as silver rates soar

      Gold has been seeing an upward trend and reached Rs.48,982 on the MCX. The white metal, silver has also been moving with a good momentum.

      When it comes to the international rates, the CME July 2020 silver futures stands at $18.100 per ounce which is low by 0.033 cents. The silver futures will trade between $19 and $20.

      2 July 2020

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

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