Silver Rate in Pune

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.

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.

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.

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.

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 ’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 ’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 ‘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 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 ‘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%.