Silver Rate in Raipur

  • Today's Silver Rate In Raipur ( 21 Jul 2019 )
    ₹ 44
    Today's Silver Rate per gram
    Compare Silver Rate In Raipur (Today & Yesterday)
    Today
    (21 Jul 2019)
    Yesterday
    (20 Jul 2019)
    Rate Change
    Silver (1 gram) ₹ 44 ₹ 44 ₹ 0 ↑
    Bar Silver (1 Kg) ₹ 44,000 ₹ 44,000 ₹ 0 ↑
    Silver Price In Raipur For Last 10 Days
    Date Silver (1 gram) Bar Silver (1 Kg)
    21 Jul 2019 ₹ 44 ₹ 44,000
    20 Jul 2019 ₹ 44 ₹ 44,000
    19 Jul 2019 ₹ 44.5 ₹ 44,500
    18 Jul 2019 ₹ 42.3 ₹ 42,300
    17 Jul 2019 ₹ 42.4 ₹ 42,400
    16 Jul 2019 ₹ 41.5 ₹ 41,500
    15 Jul 2019 ₹ 41.2 ₹ 41,200
    14 Jul 2019 ₹ 41.3 ₹ 41,300
    13 Jul 2019 ₹ 41.3 ₹ 41,300
    12 Jul 2019 ₹ 41 ₹ 41,000

    Weekly & Monthly Graph of Silver Rate in Raipur

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    *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 Raipur

    Silver is in demand in Raipur as it is sold in many forms to cater to multiple uses in the city. For many consumers in Raipur, the white precious metal is one of the safest forms of investment in the long term during periods of lacklustre business outlook, sluggish economy, low investment, high prices, currency devaluations in addition to other forms of financial instability. Many consumers in Raipur prefer investing in silver to protect their purchasing power during periods of high inflation. Silver is widely sold in Raipur in the form of trendy silverware, items meant for traditional rituals, gift articles for weddings and festivals besides fashionable jewellery.

    Many customers in Raipur prefer investing in conventional modes of investment since they may be wary of some financial instruments such as government bonds and stocks due to several reasons, including but not limited to, rising inflation, irregularities in the market and corruption scams among many others. Many consumers, therefore, turn to conventional modes of investment such as precious metals and especially silver which is more affordable than the yellow metal.

    Trend of Silver Rate in Raipur for June 2019 (rates per kg)

    Parameters  Silver Price (per kg) 
    June 1 Rate  Rs.39,400 per kg 
    June 30 Rate  Rs.40,800 per kg 
    Highest Rate in June  Rs.41,500 per kg on 21 June 
    Lowest Rate in June  Rs.39,400 per kg on 1 and 2 June 
    Overall Monthly Performance  Incline 
    Percentage Change  3.55% 

    Silver Rate Trend in Raipur for June 2019:

    • Silver prices in Raipur traded at Rs.39,400 per kilogram at the start of the month of June. This was lowest price for which the metal was traded in the state during the month. It was attributed to stagnant demand for the white metal.
    • The price of silver surged to Rs.40,100 per kg on 14 June as the dollar value dipped. The drop came on the back of speculations of a negative impact on the global economy after reports emerged that the US Federal Reserve was looking to cut the interest rates.
    • The rates of the metal touched the monthly high of Rs.41,500 per kg on 21 June. The jump in the prices came after the US Federal Reserve announce that it was on the brink of reducing the interest rates.
    • Silver rates closed at Rs.40,800 per kg in Raipur on 30 June and recorded an incline of 3.55% over the month.

    Trend of Silver Rate in Raipur for May 2019 (rates per kg)

    Parameters  Silver Price (per kg) 
    May 1 Rate  Rs.40,500 per kg 
    May 31 Rate  Rs.39,400 per kg 
    Highest Rate in May  Rs.40,500 per kg on 1 and 2 May 
    Lowest Rate in May  Rs.39,200 per kg from 20-22 May 
    Overall Monthly Performance  Decline 
    Percentage Change  -2.71% 
    • Silver prices in Raipur opened at Rs.40,500 per kg but dropped on declining overseas industrial demand as the dollar rate rose, with the industrial metal priced at Rs.40,200 per kg on 7 May.
    • Demand remained static as strong equity markets reduced investor interest in the metal, as prices fell to Rs.40,100 per kg on 11 May, rising briefly to Rs.40,400 per kg on 14 May on a sudden drop in the dollar.
    • Positive U.S. jobs data bolstered equities as investors moved away from bullion, with the metal falling to Rs.39,500 per kg on 18 May.
    • Prices remained more or less unchanged for the remainder of the month on sluggish industrial demand and declining retail sales, with silver ending the month at Rs.39,400 per kg.

    Trend of Silver Rate in Raipur for April 2019 (rates per kg) 

    Parameters  Silver Price (per kg) 
    April 1 Rate  Rs.40,600 per kg 
    April 30 Rate  Rs.40,500 per kg 
    Highest Rate in April  Rs.41,000 per kg on 9 April 
    Lowest Rate in April  Rs.40,200 per kg on 15 and 24 April 
    Overall Monthly Performance  Decline 
    Percentage Change  -0.24% 

    Trend of Silver Rate in Raipur for March 2019 (rates per kg)

    Parameters Silver Price (per kg)
    March 1 Rate Rs.42,700 per kg
    March 31 Rate Rs.40,600 per kg
    Highest Rate in March Rs.42,700 per kg on 1 March
    Lowest Rate in March Rs.40,200 per kg on 29 March
    Overall Monthly Performance Decline
    Percentage Change -4.91%
    • As the U.S. Dollar strengthened early in the month, the price of silver opened at a price of Rs.42,700 per kg showing a downward trend. The steady local demand of the metal amongst local coin makers also added to low prices.
    • The government of United Kingdom announced a hike in the interest rates which resulted in the strengthening of the U.S. Dollar against the Sterling Pound. Due to this, rate of silver was hovering around the Rs.41,000 per kg mark in the first week of the month.
    • As Brexit tensions rose amidst talks of a recession in the U.S. economy, investors shifting to investing in the bullion, raising the prices of silver to Rs.41,500 per kg on 14 March. However, as the talks settled, dollar quickly recovered shifting demand from equity to market.
    • With a percentage decline of 4.91, silver hit its monthly low at Rs.40,200 per kg on 29 March and closed at Rs.40,600 per kg on 31 March.

    Trend of Silver Rate in Raipur for February 2019 (rates per kg)

    Parameters Silver Price (per kg)
    February 1 Rate Rs.43,900 per kg
    February 28 Rate Rs.43,300 per kg
    Highest Rate in February Rs.44,100 per kg on 5 February
    Lowest Rate in February Rs.42,700 per kg on 14 February
    Overall Monthly Performance Decline
    Percentage Change -1.36%
    • The industrial metal opened the month with a steady rate of Rs.43,900 per kg amid constant demand from industries despite fluctuating dollar value and overseas cues.
    • A spike in overseas demand and rising demand from coin makers prompted silver prices in Raipur to touch a monthly high of Rs.44,100 per kg on 5 February; however, demand declined as the greenback strengthened, with silver prices dropping to Rs.42,700 per kg on 14 February.
    • The anticipation on the prospects of the US-China talks on trade between the two nations saw a rise in interest for equities; however, interest on bullion remained steady as silver traded at Rs.44,000 per kg on 20 February.
    • By the end of the month, prices of silver dropped gradually amid positive economic outcome and a stronger monetary policy tone by the Federal Reserve led dollar to appreciate, resulting in silver closing the month at Rs.43,300 per kg, down by 1.36% in value during the month.

    Trend of Silver Rate in Raipur for January 2019 (rates per kg)

    Parameters  Silver Price (per kg) 
    January 1 Rate  Rs.41,500 per kg 
    January 31 Rate  Rs.43,900 per kg 
    Highest Rate in January Rs.43,900 per kg on 30 and 31 January 
    Lowest Rate in January  Rs.41,400 per kgon 2 December 
    Overall Monthly Performance  Incline 
    Percentage Change  5.78% 
    • Local and industrial demand for the metal cause the price of silver in Raipur to trade strong at Rs.42,600 per kg on 1 January. The price further rose on 10 January as demand remained high along with favourable global conditions.
    • Asian demand for silver was shut down due to US trade sanctions on China. This reflected in a dip in the value of the metal. As on 19 January, silver traded at Rs.42,100 per kg.
    • As the markets were volatile at the aftermath of Brexit and the shutdown of the US government, Investors resorted to pursue interests in bullion causing the price of silver to surge to Rs.43,200 per kg on 26 January.
    • Demand surged at the end of the month resulting in boosted sales from coin and jewellery makers. This boosted the value of silver in Raipur to Rs.43,900 per kg to record an incline of 5.78% during the month.

    Trend of Silver Rate in Raipur for December 2018 (rates per gram)

    Parameters Silver Price (per kg)
    December 1 Rate Rs.38,500 per kg
    December 31 Rate Rs.41,500 per kg
    Highest Rate in December Rs.41,500 per gram on 31 December
    Lowest Rate in December Rs.38,500 per gram on 1 December
    Overall Monthly Performance Incline
    Percentage Change 7.79%

    Trend of silver rate in Raipur in December 2018:

    • Investment in bullion was on a high in December following the weakening of the dollar due to a fall in the global markets. Due to this, silver trading saw an upward trend in the country for the month.
    • Opening at Rs.38,500 per kg, the price of the metal increased to Rs.40,900 per kg by the middle of the month due to the US-China trade truce as well as the ongoing Brexit negotiations which led to the decrease in dollar value against other currencies.
    • As the wedding season in India began, the demand amongst local jewellers increased, resulting in the positive trend of the import business in the country.
    • Closing at a rate of Rs.41,500 per kg on 31 December, silver trade reported a percentage incline of 7.79.

    Trend of Silver Rate in Raipur for November 2018 (rates per kg)

    Parameters Silver price (per kg)
    November 1 Rate Rs.40,900 per kg
    November 30 Rate Rs.38,800 per kg
    Highest Rate in November Rs.41,500 per kg from 2-4 and 6 November
    Lowest Rate in November Rs.38,800 per kg on 30 November
    Overall Monthly Performance Decline
    Percentage Change -5.13%

    Silver Rate Trend in Raipur for November 2018:

    • Poor industrial demand both locally and overseas resulted in a significant drop in silver rates in Raipur.
    • The industrial metal was priced at Rs.40,900 per kg when trading began on 1 November but a gradual decline in offtake from local coin makers and retailers pushed prices lower.
    • In spite of a volatile stock market, the weak rupee resulted in reduced offtake from local industrial units as silver traded at Rs.39,400 per kg on 14 November.
    • Prices continued to drop as the month progressed as a drop in Asian orders due to a sluggish Chinese economy pressured silver, resulting in the metal trading at Rs.38,800 per kg on 30 November.

    Trend of Silver Rate in Raipur for October 2018 (rates per gram)

    Parameters Silver price (per kg)
    October 1 Rate Rs.41,100 per kg
    October 31 Rate Rs.41,200 per kg
    Highest Rate in October Rs.42,000 per kg on 3 October
    Lowest Rate in October Rs.41,100 per kg on 1 and 2 October
    Overall Monthly Performance Incline
    Percentage Change 0.24%

    October 2018 - Week 1 (1 - 7):

    • The month of October began with silver in Raipur trading at Rs.41,100 per kg - the lowest recorded monthly figure - on the 1st on account of poor domestic demand amid the weak global cues.
    • However, with investors and market participants speculating ahead of the Federal Reserve’s monetary policy review, the US dollar value tumbled and silver was priced at a monthly high of Rs.42,000 per kg on the 3rd.
    • Demand stabilised as the week progressed and the industrial metal was recorded trading firm at Rs.41,900 per kg on the 7th.

    October 2018 - Week 2 (8 - 14):

    • The second week commenced with silver price in Raipur recorded at Rs.41,500 per kg on the 8th with the recovering dollar coupled with good returns on stocks dropping demand considerably over the weekend.
    • Prices dropped further to Rs.41,200 per kg on the 9th owing to the weak market trends overseas.
    • However, demand for the metal surged over the next few days with local investors and market participants anticipating a drop in the dollar value. Silver was priced at Rs.41,500 per kg on the 14th.

    October 2018 - Week 3 (15 - 21):

    • When trading opened for the third week, silver rate in Raipur was recorded holding at Rs.41,900 per kg on the 15th with strong investor demand amid favourable market cues overseas.
    • Silver rates dropped to Rs.41,400 per kg on the 17th but picked up eventually to trade at Rs.41,900 per kg on the 19th amid the weakened US dollar and equity markets.
    • The week came to an end with the industrial metal dropping again to Rs.41,400 per kg on the 21st after a sudden spike in the dollar value led to commodity markets tumbling worldwide.

    October 2018 - Week 4 (22 - 28):

    • The penultimate week commenced with silver priced at Rs.41,500 per kg on the 22nd with steady demand from industries and coin makers amid the firm trend overseas.
    • The 24th saw prices surging to Rs.41,900 per kg as the US dollar weakened against a basket of other apex currencies amid poor global cues.
    • However, with the US dollar regaining lost ground over the next few days, the week concluded with silver prices holding at Rs.41,700 per kg on the 28th.

    October 2018 - Week 5 (29 - 31):

    • The week began with silver prices relatively lower at Rs.41,600 per kg on the 29th with domestic markets failing to capitalise on the positive market trends overseas.
    • Poor global cues coupled with reduced local demand led to silver rates plummeting further to Rs.41,200 per kg on the 31st.
    • The month saw silver price in Raipur surging by 0.24% owing to the firm overseas cues that held local demand consistent during the course of the month.

    Trend of Silver Rate in Raipur for September 2018 (rates per gram)

    Parameters Silver price (per kg)
    September 1 Rate Rs.40,000 per kg
    September 30 Rate Rs.41,200 per kg
    Highest Rate in September Rs.41,200 per kg on 29 and 30 September
    Lowest Rate in September Rs.39,500 per kg on 5, 7, 15-16 September
    Overall Monthly Performance Incline
    Percentage Change 3%

    September 2018- Week 1 (1-8)

    • When trading for silver started for the month of September, the metal was priced at Rs.40,000 per kg amid steady demand.
    • A Rs.100 per kg increase in silver prices was recorded on 2nd of the month before the prices fell to Rs.39,500 per kg on 5th September.
    • Silver prices remained unaffected till the 7th of the month before inclining on the last day of the month and closing at Rs.39,700 per kg as the stock market was negatively affected by the ongoing trade war tension.

    September 2018- Week 2 (9-15)

    • As the demand for the metal remained steady, silver continued to trade at Rs.39,700 per kg on 9th.
    • During this week, the US inflation data was released and the value of the US dollar fell which pushed silver rates to incline and trade at Rs.39,900 per kg on 11.
    • After remaining stable till 13 September, silver rates fell on 14 to Rs.39,800 per kg and further fell to 39,500 per kg on 15 September.

    September 2018- Week 3 (16-22)

    • Silver hit a monthly low of Rs.39,500 per kg once again on 16 September but in the following days, the price of the metal recovered.
    • Silver prices inclined and traded at Rs.39,700 per kg, Rs.39,800 per kg, and Rs.40,000 per kg on 17, 18, and 19 September respectively.
    • As the global trade war tension continued, the price of silver further inclined and traded at Rs.40,100 per kg on 20 and 21 September before closing at Rs.40,300 per kg on 22.

    September 2018- Week 4 (23-30)

    • Silver prices remained unaffected and continued to trade at Rs.40,300 per kg on 23 September in Raipur.
    • Due to poor demand for the metal, silver rates dropped to Rs.40,000 per kg on 24 September before inclining to Rs.40,200 per kg on 25 and settling at Rs.40,800 per kg on 26 September.
    • During the end of the month, silver prices surged and hit a monthly high of Rs.41,200 per kg on 29 and 30 September and recorded an overall incline of 3% for the month.

    Trend of Silver Rate in Raipur for August 2018 (rates per kg)

    Parameters Silver price (per kg)
    August 1 Rate Rs.41,400 per kg
    August 31 Rate Rs.40,300 per kg
    Highest Rate in August Rs.41,400 per kg on 1 and 9 August
    Lowest Rate in August Rs.39,800 per kg from 24 August
    Overall Monthly Performance Decline
    Percentage Change -2.65%

    August 2018 - Week 1 (1 - 05):

    • In the beginning of August 2018, the price of silver in Raipur commenced at Rs.41,400 per kg. This was also the highest the metal was priced at for the month.
    • The very next day the metal dropped to Rs.41,100 per kg as the demand from local industries fell and also poor global cues were recorded.
    • The price of the metal then stabilized for a day before spiking by Rs.200 per kg on 4 August.
    • At the end of the month on 5 August, the metal closed at Rs.41,300 per kg.

    August 2018 - Week 2 (6 - 12):

    • Industrial offtake on the metal was on a decline at the start of the second week of August 2018. This, inevitably, caused the price of silver to drop during the latter part of week 2.
    • As on 6 August, the price of silver in Raipur stood at Rs.41,300 per kg, the same as it was priced at the end of week 1.
    • In the meantime, the U.S economy was reportedly strengthened which also played a part, along with poor industrial offtake, in the decline of the price of the metal in Raipur. The metal was recorded at Rs.41,200 per kg on 7 August.
    • In spite of poor global cues for the metal, a small spike in the price was recorded on 9 August. Silver in Raipur traded at Rs.41,400 per kg, a Rs.200 per kg incline in price from 7 August. It is worth noting that this was also the highest that the price hit in Raipur for the month.
    • On 10 August, demand for the metal was recorded to have plummeted substantially causing the price of silver in Raipur to drop as well. Silver rate in the city dropped sharply by Rs.300 due to this and was recorded at Rs.41,100 per kg. The demand for the metal played a huge role in determining the price of silver throughout week 2.
    • During the last two days of the week, silver was priced at Rs.41,200 per kg, a slight increment from the previous day. This was also the price at which the metal closed at for week 2.

    August 2018 - Week 3 (13 - 19):

    • The price of the metal remained stable at the start of week 3 and stood at Rs.41,200 per kg as on 13 August.
    • On 14 August, a sharp decline in silver price was recorded in the city to be Rs.40,900 kg.
    • Positive economic cues was recorded in the U.S as employment data was released. This increased the value of the dollar which in turn led to the decline of the silver rate in Raipur.
    • On 15 August, the price of silver in Raipur rose to Rs.41,100 per kg. However, i9t quickly plummeted to Rs.39,900 per kg the very next day, on 16 August due to suppressed domestic demand and weak overseas trends..
    • The price of silver in Raipur then increased to Rs.40,000 per kg from 17 to 19 August, and ended the month at the same price.

    August 2018 - Week 4 (20 - 26):

    • At the start of week 4, the price of silver in Raipur stood stagnant at Rs.40,000 per kg, the same price at which it was trading at the end of week 3.
    • The price stood stable for yet another day before rising by Rs.100 per kg to Rs.40,100 on 22 August.
    • However, on 23 August, the price of silver in Raipur dropped drastically to Rs.39,900 per kg. This can be linked to the increment in the value of the dollar in comparison to other currencies, and the fact that industrial demand for the metal plummeted as well.
    • Due to the decline in local demand for the metal, Raipur saw the lowest price of silver for the month on 24 August, the metal was priced only at Rs.39,800 per kg.
    • However, the price of silver managed to pick up towards the end of week 4 as it closed, on 26 August, at Rs.40,200 per kg.

    August 2018 - Week 5 (27 - 31):

    • The metal continued to be priced at Rs.40,200 per kg. During this time, steady industrial demand for silver was recorded in the city.
    • Demand for the metal was on an upward spiral as it picked up during week 5 causing the price of the metal to rise as well. As on 28 August, the silver price in Raipur was recorded at Rs.40,400 per kg.
    • Silver prices fell marginally towards the end of the month as the value of the U.S dollar began to recover. On the last two days of the month, the metal was priced at Rs.40,300 per kg. Silver in Raipur closed for the month of August 2018 at the same price as well.

    Trend of Silver Rate in Raipur for July 2018 (rates per kg)

    Parameters Silver price (per kg)
    July 1 Rate Rs.42,800 per kg
    July 31 Rate Rs.41,400 per kg
    Highest Rate in July Rs.42,900 per kg on 9 and 10 July
    Lowest Rate in July Rs.41,200 per kg on 28 and 29 July
    Overall Monthly Performance Decline
    Percentage Change -3.27%

    July 2018- Week 1 (1-10)

    • Silver prices stood at Rs.42,800 per kg on 1 July 2018 in Raipur.
    • On 3 July, silver prices dropped marginally and stood at Rs.42,400 per kg. The drop of Rs.400 per kg was mainly due to poor demand from industrial units.
    • However, the silver price in Raipur rose to Rs.42,800 per kg and stood the same for the next few days. This can be associated with the fluctuation in the local industrial offtake.
    • During the end of the week, from 9 - 10 July, silver rates in Raipur rose to Rs.42,900 per kg. This could be because of positive market trends clubbed with declining dollar rates over other currencies. This was also the highest recorded silver rate in Raipur for the month of July.

    July 2018- Week 2 (11-17)

    • In the second week of July, the silver price in Raipur declined continuously. Silver opened at Rs.42,600 per kg on 11 July 2018.
    • On the first day of the week, a fall of Rs.300 per kg was noted. The fall in silver prices was mainly due to decreased demand for the metal from local coin makers and industrial units.
    • As the industrial demand for silver fell further, the price of the metal from 12 - 14 July stood at roughly Rs.42,200 per kg.
    • However, due to steady demand from industrial units, silver rates in Raipur increased by Rs.100 per kg and stood at Rs.42,300 per kg on 16 July 2018.
    • Silver prices increased towards the end of the week and stood at Rs.42,100 per kg on 17 July.

    July 2018- Week 3 (18 - 24)

    • Compared to week 2 of July, the price of silver on the third week declined. The price of the metal on 18 July stood at Rs.41,700 per kg. Compared to the previous day, silver rates fell by Rs.400 per kg due to muted demand from merchants.
    • Due to the rise in dollar value, silver prices fell further to Rs.41,300 per kg on 20 July.
    • However, as the demand for the metal picked up in the following days, silver prices increased and stood at Rs.41,700 per kg from 21 - 22 July.
    • The price of the metal declined towards the end of the week in Raipur as it stood at Rs.41,400 per kg on 24 July.

    July 2018- Week 4 (25 - 31)

    • Steady industrial demand for the metal caused the price of silver to drop to Rs.41,500 per kg on 25 July.
    • Due to the decline of dollar value, silver prices spiked on 26 July to Rs.41,800 per kg. However, demand for the metal dropped which naturally caused the decline in silver prices over the next few days.
    • As on 28 - 29 July, the price of silver stood at Rs.41,200 per kg. This was also the lowest silver rate recorded for the month of July in Raipur.
    • By the end of the month, the price of silver increased as dollar rates dropped slightly. The metal stood at Rs.41,400 on 30 - 31 July.
    • Overall, silver prices for the month of July in Raipur saw a downward curve as the prices throughout the month fell by 3.27%.

    Silver as an investment

    Many consumers in Raipur invest in silver coins and bars. While it is common knowledge that silver has a store of value, many consumers also believe that unlike paper money, the white precious metal has no counterparty risk. Many investors in Raipur consider silver as one of the robust forms of valuable investment. According to industry observers, part of the reason for silver being held in high regard stems from the fact that its price is not dependent on any one factor which makes it vulnerable for easy manipulation on a global level for a long period. The rate of the precious metal depends on several factors including its scarcity, demand and currency devaluation among others.

    Physical silver: For many consumers in Raipur, silver is a conventional form of investment. Silver is sold in various forms such as intricate silverware besides ornaments traditionally worn by women. Raipur has several jewellery stores which sell various types of silver articles such as items meant for traditional rituals and gift articles among others. Custom-made designer set pieces of jewellery in addition to anklets, necklaces, toe-rings, belts and bracelets are also in demand.

    Silver contracts: Consumers trade silver in three exchanges, namely National Multi Commodity Exchange, Multi Commodity Exchange and National Commodity and Derivatives Exchange (NCDEX). SILVERHEDG is traded in units of 30 kg. SILVERM (silver mini) and SILVER (1000) are traded in units of 5 kg. Silver micro (SILVERMIC) is traded in 1 kg (unit). The maximum order size of Silver mini, Silver 1000 and Silver micro is 600 kg.

    Silver rate in Raipur

    Silver rate in Raipur depends on a host of national and international factors influenced by various geo-political and economic developments. 1 kg of the precious metal was pegged at Rs.40252 at the start of 2015 but decreased by -4.4% to Rs.38468. The price of silver continued to slide in the following months of March and April barring a mini rally in May where 1 kg of silver was pegged at Rs.40325. However, the price of 1 kg of silver plummeted in the following month of June by -4.7% to Rs.38410. The downward slide continued in July and August at Rs.36110 and Rs.36109 respectively. The price of silver fell by -0.5% to Rs.35898 in September. The months of October and November witnessed a similar trajectory as price of 1 kg of silver fell by 2.1%. The precious metal was pegged Rs.34343 in December.

    Also Check Silver Price in NearBy Cities of Raipur

    Also Know: Gold Rate in Raipur

    Read more on Silver

    News About Raipur Silver Rate

    • Global trends weaken, dropping the prices of gold futures to Rs. 28,449

      The prices of gold futures have dropped by Rs. 241 to Rs. 28,449, with the investors cutting their risk appetite owing to weak trends in the global front. With the prices of gold metal being on the rise and proving to be less risky, many investors are moving to the precious metal instead. The prices for the delivery of gold fell Rs. 241 to Rs. 28,449 for 10 grams, and the metal for delivery in June also declined by Rs. 207 to Rs. 28,720 for 10 grams in one lot. Even in Singapore, gold trading fell to $1,204.99 per ounce.

      16 February 2016

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