Silver Rate in Raipur

Daily Silver Rates
Date Silver (1 gram) Bar Silver (1 Kg)
19 Feb 2019 ₹ 43.5 ₹ 43,500
18 Feb 2019 ₹ 43.6 ₹ 43,600
17 Feb 2019 ₹ 43.4 ₹ 43,400
16 Feb 2019 ₹ 43.4 ₹ 43,400
15 Feb 2019 ₹ 42.8 ₹ 42,800
14 Feb 2019 ₹ 42.7 ₹ 42,700
13 Feb 2019 ₹ 42.8 ₹ 42,800
12 Feb 2019 ₹ 43.1 ₹ 43,100
11 Feb 2019 ₹ 43.3 ₹ 43,300
10 Feb 2019 ₹ 43.3 ₹ 43,300

*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 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%

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%

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%

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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