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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 February 2017 (rates per kg)
|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|
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.
Trend of Silver Rate in Pune for January 2017 (rates per kg)
|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|
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%.
|December 1st Rate||Rs.40,450 per kg|
|December 31st Rate||Rs.39,035 per kg|
|Highest Rate in December||Rs.41,630 per kg on 8th December|
|Lowest Rate in December||Rs.38,700 per kg on 23rd December|
December '16 - Week 1 (1st to 4th)
- Silver was priced at Rs.40,450 per kg on 1st December, as industrial demand in Pune was high.
- A rise in international demand for silver boosted prices, with silver trading at Rs.40,795 per kg on 2nd December.
- Continued demand from the domestic sector pushed prices to Rs.41,070 per kg as the week ended on 4th December.
December '16 - Week 2 (5th to 11th)
- Prices rose marginally during the week but dipped as the week ended due to fluctuations in demand.
- Silver was priced at Rs.41,055 per kg on 5th December, with the price rising to Rs.41,680 per kg on 8th December as industrial demand continued to keep prices up.
- A dip in demand led to silver prices decreasing slightly, trading at Rs.41,290 per kg on 9th December.
- Prices rose marginally to end the week at Rs.41,345 per kg on 11th December, recording an increase in price.
December '16 - Week 3 (12th to 18th)
- Prices dropped in the third week as stock markets performed well, resulting in demand for bullion falling.
- Silver was priced at Rs.41,345 per kg on 13th December, with prices falling during the week.
- Declining demand from overseas led to silver prices falling to Rs.39,230 per kg on 16th December.
- As demand from jewellers continued to be lower than expected due to demonetisation, silver ended the week at Rs.39,305 per kg on 18th December.
December '16 – Week 4 (19th to 25th)
- Silver traded at Rs.39,435 per kg on 19th December, marking a minor increase in price before falling to Rs.39,195 per kg on 20th December due to poor demand.
- The U.S. Dollar and other global currencies rose as festive purchases boosted their economies, which reduced demand for silver.
- Silver fell to a monthly low of Rs.38,700 per kg on 23rd December as domestic demand also dropped.
- Retail demand slowly increased, though silver prices continued to trade low, ending the week at Rs.38,725 per kg on 25th December.
December '16 – Week 5 (26th to 31st)
- Low demand from industry and fears of an industrial downturn in Asia led markets to drop, though silver failed to make any gains.
- Silver was priced at Rs.38,460 per kg on 26th December as markets continued to stay high.
- As the currency shortage showed signs of abating, consumers began to buy bullion, which led prices to rise in the domestic market.
- Silver traded at Rs.39,680 per kg on 29th December on increased domestic demand before prices dropped to Rs.39,035 per kg on 31st December, which resulted in an overall loss in value of 3.49%.
|November 1st Rate||Rs.42,910 per kg|
|November 30th Rate||Rs.41,055 per kg|
|Highest Rate in November||Rs.44,960 per kg on 9th November|
|Lowest Rate in November||Rs.40,190 per kg on 25th November|
November '16 - Week 1 (1st to 6th)
- Silver performed well at the start of the month as consistent demand led to prices staying high.
- Silver was priced at Rs.42,910 per kg on 1st November as industrial demand was strong.
- International markets fluctuated as uncertainty over the U.S. presidential election results kept markets low.
- High domestic demand for silver was seen due to festive buying, keeping silver prices stable.
- Silver traded at Rs.44,180 per kg on 6th November as market conditions helped push demand for the metal.
November '16 - Week 2 (7th to 13th)
- Silver prices continued to stay high as markets tumbled following the victory of Donald Trump in the U.S. presidential elections.
- Silver was priced at Rs.43,685 per kg on 7th November, with a low U.S. Dollar and strong demand keeping prices high.
- The demonetisation of Rs.1,000 and Rs.500 notes effective immediately created chaos across the bourses, which led to demand for silver soaring.
- Silver prices reached a monthly high of Rs.44,960 per kg on 9th November as investors scrambled to offset losses from the stock markets.
- Silver settled at Rs.42.005 per kg on 13th November, with prices falling due to declining demand.
November '16 - Week 3 (14th to 20th)
- Silver prices were low as a currency shortage due to the demonetisation of large currency notes led to demand declining.
- Silver traded at Rs.41,760 per kg on 14th November as markets began to recover.
- The U.S. Dollar began to gain on other currencies, making silver exports costlier, which led to declining demand.
- Silver traded at Rs.40,735 per kg on 20th November as domestic and international demand began to fall.
November '16 - Week 4 and 5 (21st to 30th)
- Silver prices fell marginally during the last two weeks due to the continuing cash shortage.
- Silver was priced at Rs.40,890 per kg on 21st November amidst a drop in industrial demand as markets performed well.
- The reduction in demand for silver led to the price falling to a monthly low of Rs.40,190 per kg on 25th November.
- Rumours of a U.S. Fed hike and better than expected economic data led to markets rallying.
- Silver traded at Rs.41,055 per kg on 30th November, a loss of over 4% in its overall price.
|1st Day||Rs.45,900 per kilogram|
|Last Day||Rs.43,035 per kilogram|
|Highest Price||Rs.45,900 per kilogram on 1st and 2nd October|
|Lowest Price||Rs.41,685 per kilogram on 7th October|
October 2016 – Week 1 and 2 (1st to 9th)
- This week saw a considerable drop in silver prices owing to a bearish global market.
- Silver traded at Rs.45,900 per kilogram on 1st October and dropped to Rs.41,800 per kilogram by the end of the week.
- Expectations of the Fed rate hike were high.
- Domestic demand also fell this week with a reduction in industrial offtake.
October 2016 – Week 3 (10th to 16th)
- There was an improvement in silver prices at the start of this week.
- Silver traded at Rs.42,600 per kilogram on 10th October.
- The rise in demand was short lived and prices started to decline again.
- Silver rates settled at Rs.41,780 per kilogram by the end of the week indicating a declining trend for this week as well.
October 2016 – Week 4 (17th to 23rd)
- On 17th October, silver was trading at Rs.41,970 per kilogram on account of low demand.
- The market sentiments turned positive as the U.S. Federal Reserve was unsure about the interest rate hike.
- With the wedding season taking off, demand for silver climbed in the domestic market.
- On 22nd and 23rd October, silver traded at Rs.42,130 per kilogram indicating a rising trend this week.
October 2016 – Week 5 (24th to 31st)
- Demand for silver rose this week but was not as high as expected.
- Silver traded at Rs.42,330 per kilogram on 24th October.
- The rise in silver prices can be attributed to an increased offtake by industrial units and coin makers.
- The highest price for this week was Rs.43,035 per kilogram on 31st October.
- Silver did not recover enough to overcome a declining trend this month. Overall, silver rates dropped by 6.24%.
|1st Day||Rs.45,225 per kilogram|
|Last Day||Rs.45,750 per kilogram|
|Highest Price||Rs.47,820 per kilogram on 7th September|
|Lowest Price||Rs.45,225 per kilogram on 1st September|
September '16 - Week 1 (1st to 4th)
- Taking into account the U.S. economic data, an interest rate hike by the U.S. Federal Reserve seemed unlikely this month.
- With expectations of the hike dying down, demand for silver picked up.
- The month of September opened with silver trading at Rs.45,225 per kilogram.
- Silver rates increased to Rs.46,760 per kilogram on 3rd and 4th September.
- The trend for this week was an incline of 3.39%.
September '16 - Week 2 (5th to 11th)
- Prices of silver fluctuated this week as uncertainty of the Fed rate hike loomed in the air.
- Silver traded at Rs.46,760 per kilogram on 5th September.
- The highest price of silver for September was witnessed on 7th at Rs.47,820 per kilogram.
- By the end of the week, the prospects of a rate hike grew stronger leading to prices of silver falling to Rs.46,835 per kilogram on 10th and 11th September.
September '16 - Week 3 (12th to 18th)
- Prices continued to drop this week as the trends in the global market were bearish.
- Silver traded at Rs.45,715 per kilogram on 12th September.
- Domestic demand for silver fell as the offtake from industrialists and coin makers dropped.
- Silver had shed Rs.1,465 per kilogram by the end of the week, trading at Rs.45,370 per kilogram on 17th and 18th September.
September '16 - Week 4 (19th to 25th)
- The price of silver was Rs.46,110 per kilogram on 19th September.
- Prices started climbing this week as the Fed rate hike was put on hold.
- The U.S. Federal Reserve took a call to put off the rate hike till December as the presidential elections was in full swing.
- On 22nd September, the price of silver had reached its highest for this week at Rs.47,590 per kilogram.
- Demand had increased, but prices slipped marginally to Rs.47,535 per kilogram on 23rd September and remained the same till the end of the week.
September '16 - Week 5 (26th to 30th)
- Industrial support for silver was weak and led to silver rates sliding down.
- Silver traded at Rs.46,950 per kilogram on 26th September.
- The dollar grew stronger and led to bearish tendencies in the global market.
- Silver had dropped to Rs.45,750 per kilogram by 30th September.
- Though there was a drop in prices this week, the trend for this month was an increase of 1.16%.
|Highest Price||Rs.49,670 per kilogram on 3rd August|
|Lowest Price||Rs.44,805 per kilogram on 29th August|
August '16 – Weeks 1 (1st to 7th)
- As the dollar weakened, Silver traded high at Rs.49,430 on 1st August.
- There were fluctuations through the week which can be attributed to the trends in the equity market.
- On 3rd August, Silver traded at Rs.49,670 per kilogram, the highest price recorded for this month.
- By the end of the week, prices dropped to Rs.47,255 per kilogram.
August '16 – Week 2 (8th to 14th)
- Week 2 opened with silver trading at Rs.47,460 per kilogram on 8th August.
- Silver climbed Rs.48,595 per kilogram on 10th August, the highest for the week, as domestic demand increased.
- By the end of the week, silver rates had stabilized trading at Rs.47,750 per kilogram.
August '16 – Week 3 (15th to 21st)
- Silver traded at Rs.47,750 per kilogram on 15th August.
- Silver rates dropped significantly through week 3 as the offtake by industrialists saw a reduction.
- Prospects of a U.S. Federal Reserve rate hike seemed likely in the near future which dampened the atmosphere of the global market.
- Silver was trading at Rs.46,690 per kilogram by the end of the week.
August '16 – Week 4 (22nd to 28th)
- Silver traded at Rs.45,800 per kilogram on 22nd August.
- The U.S. policymakers were confident that the economy was strong enough to handle a rate hike this year.
- The decline in prices continued this week but demand from the domestic industrialists, jewellers and coin makers helped prices remain somewhat stable.
- Prices fell to Rs.45,040 per kilogram on 28th August.
August '16 - Week 5 (29th to 31st)
- Silver was at its lowest for the month at Rs.44,805 per kilogram on 29th August.
- Silver slipped drastically on account of the increasing expectation of an interest rate hike by the U.S. Federal Reserve.
- Sluggish demand in the domestic market also contributed to low rates this week.
- Silver traded at Rs.45,460 per kilogram on 31st August indicating a decline of 8.03% for the month.
|July 1st Rate||Rs.46,490 per 1 kg|
|July 31st Rate||Rs.48,970 per 1 kg|
|Highest Rate in July||Rs.49,745 per 1 kg on 11th of July|
|Lowest Rate in July||Rs.46,490 per 1 kg on July 1st|
July'16 - Week 1 and 2 (1st to 10th)
- Silver traded at Rs.46,490 per 1 kg on the 1st of July.
- Owing to heavy demand, silver climbed up to Rs.48,965 per kg on the 4th of July.
- Silver continued to climb up and hit Rs.49,265 per kg on the 7th of July.
- Silver closed the second week at Rs.49,745 per kg on the 10th of July.
July'16 - Week 3 (11th to 17th)
- Silver opened the at Rs.49,745 per kg the 11th of July.
- The price steadily climbed up to Rs.49,235 per kg on the 12th of July.
- Silver witnessed a decline as prices dropped down to Rs.48.840 per kg on the 16th of July and remained the same on the 17th.
July '16 - Week 4 (18th to 24th)
- Silver traded at Rs.48,360 per kg on 18th of July.
- Prices came down to to Rs.46,665 per kg on the 21st of July.
- Silver price increased to Rs.47,880 per kg on the 22nd of July.
- The precious metal closed the week at 47,420 per kg on the 24th of July.
July‘16 - Week 5 (25th to 31st)
- Silver opened the week at Rs.47,160 per kg on the 25th of July.
- Silver traded at Rs.47,595 per kg on the 26th of July.
- The price of silver dropped down by Rs.220 on the 27th of July at Rs.47,375 per kg.
- Silver hit Rs.48,785 per kg on the 29th of July.
- Silver closed the month at Rs.48,970 per kg on the 31st of July.
|June 1st Rate||Rs. 38,640 per 1 kg|
|June 30th Rate||Rs. 44,635 per 1 kg|
|Highest Rate in June||Rs. 44,635 per 1 kg for 1 kg for 30th June|
|Lowest Rate in June||Rs. 44,635 per 1 kg on June 1st|
Jun'16 - Week 1 (1st to 4th)
- Silver traded at Rs. 38, 640 per 1 kg on the 1st of June.
- Silver price surged by Rs.225 per kg on the 3nd of June at Rs. 38,865 per kg.
- Silver traded at Rs.39,755 per kg on the 4th of June.
Jun'16 - Week 2 (5th to 11th)
- Silver traded at Rs. 39,755 per kg on the 5th of June as there was no change in the price from the previous week.
- The price of silver came down by Rs.65 from Rs. 39,755 per kg to Rs. 39,690 per kg on the 6th of June.
- Silver witnessed a further decline as prices dropped down to Rs. 39,585 per kg on the 8th of June.
- Prices steadily increased over the week and silver traded at Rs.41,510 per kg on the 11th of June.
Jun'16 - Week 3 (12th to 18th)
- Silver remained unchanged and traded at Rs.41,510 per kg on the 12th of June.
- Silver hit Rs.41,935 per kg on the 14th of June.
- Silver traded at Rs.42,958 per kg on the 16th of June.
- The price declined further over the week and silver hit Rs.42,235 on the 18th of June.
Jun'16 - Week 4 (19th to 25th)
- Silver traded at Rs.42,235 per kg on the 19th of June.
- Due to heavy demand in the global market,the price of silver rose to Rs.42,405 per kg on the 21st of June.
- The price of silver relatively increased over the week and hit Rs.43,465 per kg on the 24th of June.
- The price of silver remained unchanged on the 25th of June at Rs.43,465 per kg.
Jun'16 - Week 5 (26th to 30th)
- Silver traded at Rs.43,465 per kg on the 25th and 26th of June.
- The price further increased to Rs.43,980 per kg on the 29th of June.
- Silver closed the month at Rs.44,635 per kg on the 30th of June.
|1st May rate||Rs. 42,590|
|31st May rate||Rs. 39,010|
|Highest rate in May||Rs. 42,675 on 2nd of May|
|Lowest rate in May||Rs. 38,705 on 30th of May|
May '16 - Weeks 1 and 2 (1st to 8th)
- Silver prices in Pune started off the week at a high, trading at Rs. 42,590 and surging to Rs. 42,675 per kg on the 2nd of May.
- Demand from industrial units was bolstered by a weak Dollar, resulting in prices staying high for the first few days of May.
- A slight dip in prices was observed during the rest of the week, when prices fell by Rs. 650 per kg to trade at Rs. 42,020 due to a slump in demand.
- Prices fell marginally the rest of the week to end weekly trading at Rs. 41,875 per kg.
May '16 -Week 3 (9th to 15th)
- Silver maintained a stable price for the first half of the week, but a resurgence in the Dollar resulted in demand weakening, pushing prices lower.
- Silver traded at Rs. 41,725 per kg on the 9th of May and fell by Rs.890 a kg on the 10th of May, the steep drop due to flagging demand.
- Silver recovered over the next few days but prices remained low, as the stock market fluctuated on news of an imminent rate hike by the U.S. Federal Reserve.
- Silver traded at Rs. 41,255 per kg on the 15th of May, steadying after a week of turbulence in rates.
May '16 - Week 4 (16th to 22nd)
- The price of silver dipped during the week as the markets rallied, causing the Dollar to gain some ground.
- Silver traded at Rs. 41,255 per kg, maintaining its steady rate from the previous week.
- Prices rose by Rs. 300 per kg on the 17th of May to Rs. 41,545 per kg, but fell again as speculation of good economic data led to a surge in stock prices.
- Silver dropped sharply towards the end of the week, recording a fall of Rs. 1,320 per kg to settle at Rs. 40,060 on the 20th of May.
- Prices improved marginally to close the week at Rs. 40,135 per kg.
May '16 - Weeks 5 and 6 (23rd to 31st)
- Prices fell in the last week of May in Pune as data from the U.S. manufacturing sector indicated an interest rate increase in the month of June.
- Silver prices fell to Rs. 40,060 per kg on the 23rd of May and continued to drop over the rest of the week.
- The Dollar strengthened against other currencies and Asian stock markets performed well, leading to a drop in silver demand.
- Silver prices plunged to their lowest rate in the month on the 30th of May, trading at Rs. 38,795 per kg.
- Prices rose a fraction on the 31st of May, trading at Rs. 39,065 per kg.
|April 1st Rate||Rs.36,780|
|April 30th Rate||Rs.42,590|
|Highest Rate in April||Rs.42,690 on the 29th of April|
|Lowest Rate in April||Rs.36,000 on the 4th of April|
|Overall Performance||Gain / Positive|
Apr'16 - Weeks 1 & 2 (1st to 10th)
- Silver rates were on the decline during the first four days of trading after which rose steadily for the next four days and remained constant for the last three days of the ten-day period.
- Prices were recorded at Rs.36,780 on the 1st of the month and Rs.36,620 on the tenth day of April.
- Prices started to rise after the first four days of trading owing to the firming of international and domestic cues.
Apr ‘16 - Week 3 (11th to 17th)
- Silver rates increased steadily during the third week of the month.
- Prices were recorded at Rs.37,115 on the first day of the week and Rs.39,110 on the last day of the week.
- Prices rose by almost Rs.2000 over the third week of trading, as an increase in industrial demand was recorded while domestic and global cues grew stronger.
Apr ‘16 - Week 4 (18th to 24th)
- Silver rates fluctuated during the fourth week of the month but recorded healthy gains over the seven-day period.
- Prices were recorded at Rs.38,920 on the first day of the week and Rs.41,155 on the last.
- Prices increased by over Rs.2200 during course of the week, making it the best seven-day period for jewellers and traders in April.
Apr ‘16 - Week 5 (25th to 30th)
- Silver rates increased steadily over the course of the week barring a small drop in prices on the fourth day of trading.
- Prices were recorded at Rs.40,810 on the first day of the week and Rs.42,590 on the last day of the month.
|1st March rate||Rs.37,005|
|31st March rate||Rs.36,495|
|Highest rate in March||Rs.38,640 on 18th|
|Lowest rate in March||Rs.36,455 on 29th|
Mar'16 - Week 1 (1st to 6th)
- Silver prices depreciated in the first week.
- Prices were Rs.37,005 on 1st and Rs.36,640 on 6th.
- Silver rates fluctuated till 3rd before stabilizing from thereon.
Mar'16 - Mar'16 - Week 2 (7th to 13th)
- Silver prices appreciated in this week.
- Rates were Rs.37,695 on 7th and Rs.37,710 on 13th.
- Silver ended the week Rs.15 up from last week’s rates.
Mar'16 - Week 3 (14th to 20th)
- Silver was up again during this week.
- Rates were Rs.37,650 on 14th and Rs.37,865 on 20th.
- Silver reached its monthly high of Rs.38,640 on 18th.
Mar'16 - Week 4 (21st to 27th)
- Silver experienced substantial losses in the week.
- Rates were Rs.37,930 on 21st and Rs.36,685 on 27th.
- Prices dropped by an overall margin of Rs.1,245 during this week’s trading.
Mar'16 - Week 5 (28th to 31st)
- Silver was down by Rs.75 in the last four days of March.
- Prices were Rs.36,570 on 28th and Rs.36,495 on 31st.
|1st February rate||Rs.34,970|
|29th February rate||Rs.36,295|
|Highest rate in February||Rs.38,640 on 12th|
|Lowest rate in February||Rs.34,970 on 1st|
Week 1 (1st to 7th)
- Rates appreciated at the start of February.
- Rates were Rs.34,970 on 1st and Rs.36,925 on 7th.
- Silver had a fruitful week, rising on all days and finally closing Rs.1,955 higher.
Week 2 (8th to 14th)
- Silver gained more value in the second week.
- Rates were Rs.36,950 on 8th and Rs.38,525 on 14th.
- Silver started out negatively before rallying on 12th to Rs.38,640 and settling at a healthy Rs.38,525 by the end of the week.
Week 3 (15th to 21th)
- The third week brought more profits for silver.
- Prices were Rs.37,220 on 15th and Rs.37,930 on 21st.
- Silver had more moderate gains in the third week, with volatility in the 37,000s.
Week 4 (22nd to 29th)
- The fourth week saw silver lose some of its value.
- Prices were Rs.37,615 on 22nd and Rs.36,295 on 29th.
- Silver was down for the majority of the week, ultimately closing at Rs.36,295.
4 th January rate
31 st January rate
Highest rate in January
Rs.35,565 on 28th
Lowest rate in January
Rs.33,295 on 13th
Jan '16 - Week 1 (4 th to 10 th )
Silver rates were up in the 1st week of the month.
Rates were Rs.33,230 on 4th and Rs.33,865 on 10th.
Prices rose to Rs.34,220 as on 8th but shed some of the gains by the end of the week to settle at Rs.33,865.
Jan '16 - Week 2 (11 th to 17 th )
Prices appreciated again in the 2nd week.
Rates were Rs.33,750 on 11th and Rs.34,335 on 17th.
Silver lost some value to touch Rs.33,295 on 13th but regained it to settle at Rs.34,220 by 14th.
Prices rose marginally to Rs.34,335 on 15th and remained stable for the rest of the week.
Jan '16 - Week 3 (18 th to 24 th )
Silver gained value in the 3rd week.
Prices were Rs.34,115 on 18th and Rs.34,425 on 24th.
Prices were volatile in the beginning of the week before settling at a healthy Rs.34,425 by 24th.
Jan '16 - Week 4 (25 th to 31 st )
Silver continued the positive spree in the 4th week.
Rates were Rs.34,435 on 25th and Rs.34,930 on 31st.
Prices moved in the positive direction till 28th when they touched a high of Rs.35,565.
Silver depreciated to Rs.34,930 by 31st to end the month on a positive note.
|Highest rate in December||Rs.35,050 on 5th and 6th|
|Lowest rate in December||Rs.33,050 on 18th|
- Silver Rates appreciated in the 1st week of December.
- Prices were Rs.34,040 on 1st and Rs.35,015 on 7th.
- Prices started appreciating from 4th onwards and managed to stay above Rs.35,000 for three days in the week.
- Silver Rates decreased in the 2nd week.
- It was priced at Rs.34,415 on 8th and Rs.33,670 on 14th.
- Silver was stable around Rs.34,000 for 6 days in the week though it fell to Rs.33,670 on 14th to end lower than the 34,000-mark.
- Silver Rates were stable on the whole in the 3rd week of December.
- Prices were Rs.33,230 on 15th and Rs.33,900 on 21st.
- Silver rose to Rs.33,860 by 17th before dropping steeply by Rs.810 on 18th to settle at Rs.33,050.
- Silver gained the lost value immediately in the next session by trading at Rs.33,785 before ending the week higher at Rs.33,900.
- Silver lost Rs.615 during the last days of December.
- Rates were Rs.34,020 on 22nd and Rs.33,405 on 31st.
- Prices were stable at around Rs.34,000 till 28th before dropping to Rs.33,490 on 29th and ending the month and year at Rs.33,405 as on 31st December.
|1st November rate||Rs.37,670|
|30th November rate||Rs.33,940|
|Highest rate in November||Rs.37,670 on 1st, 2nd and 3rd|
|Lowest rate in November||Rs.33,940 on 30th|
- Silver Rates depreciated in the 1st week of the month.
- Prices were Rs.37,670 on 1st and Rs.36,100 on 7th.
- Silver stabilized at Rs.36,450 by 6th before falling slightly to Rs.36,100 to end the week.
- Silver Rates depreciated in the 2nd week.
- It was priced at Rs.36,100 on 8th and Rs.35,000 on 14th.
- Silver didn’t trade in the positive all through the week with drops experienced on 10th, 11th, and 13th.
- Silver Rates were stable on the whole in the 3rd week of November.
- Prices were Rs.35,000 on 15th and Rs.34,995 on 21st.
- Rates were stable at Rs.35,000 till 17th, dropped to Rs.34,675 on 18th, and appreciated to Rs.34,775 and Rs.34,995 on 19th and 21st respectively.
- Silver lost a little over Rs.1,000 towards the end of November.
- Rates were Rs.34,995 on 22nd and Rs.33,940 on 30th.
- Prices were stable at Rs.34,995 till 25th before declining on 26th and 28th to Rs.34,290 and Rs.34,090 respectively.
- There was a drop of Rs.150 on the last day of the month that brought down prices to Rs.33,940.
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|
Read more on Silver
- Some Facts About Silver
- Global Silver Demand
- Hallmarking Of Silver
- Buying Silver Bars And Coins
- Why Should You Invest In Silver?