Factors that affect the price of silver in Srikakulam
There are various factors that affect the price of silver in India. The major factor affecting its prices is the change in price of rupee and oil in India. Since, silver is considered to be a safe haven for investors, any decrease in cost of oil and rupee in India will increase the price of silver.
Apart from that other major market movements, political issues, or other global factors can also decide the price of silver. The price of silver can also fluctuate depending on industrial demands. Since, various industries use silver, its price can also rise and drop based on that.
Also check Silver rate trend in indiaTrend of Silver Rate in Srikakulam for July 2023 (rates per kg)
Parameters | Silver price (per kg) |
---|---|
1 July Rate | Rs.75,700 per kg |
31 July Rate | Rs.80,000 per kg |
Highest Rate in July | Rs.82,400 per kg on 20 July 2023 |
Lowest Rate in July | Rs.75,500 per kg on 3 July 2023 |
Overall Monthly Performance | Incline |
Percentage Change | 5.68% |
Trend of Silver Rate in Srikakulam for June 2023 (rates per kg)
Parameters | Silver price (per kg) |
---|---|
1 June Rate | Rs.77,600 per kg |
30 June Rate | Rs.74,800 per kg |
Highest Rate in June | Rs.79,800 per kg on 10 June and 11 June |
Lowest Rate in June | Rs.74,000 per kg on 23 June 2023 |
Overall Monthly Performance | Decline |
Percentage Change | -3.60% |
Trend of Silver Rate in Srikakulam for May 2023 (rates per kg)
Parameters | Silver price (per kg) |
---|---|
1 May Rate | Rs.80,400 per kg |
31 May Rate | Rs.76,800 per kg |
Highest Rate in May | Rs.83,700 per kg on 5 May 2023 |
Lowest Rate in May | Rs.76,200 per kg on 26 May 2023 |
Overall Monthly Performance | Decline |
Percentage Change | -4.68% |
Read More on Silver
- About Silver Mining
- Amazing Facts About Silver
- Global Demand and Silver Rates in India
- How to Find Certified/Authentic Silver
- Need for Silver as an Industrial Commodity
- Silver – Poor Man’s Gold
- What Will Happen To Silver Prices In Five Years?
- Lustre Regained by Silver Miners, Good Time to Invest in Silver?