Silver Rate in Tamil Nadu

  • Today's Silver Rate In Tamil Nadu ( 27 May 2022 )

    ₹ 66
    Today's Silver Rate per gram

    Compare Silver Rate In Tamil Nadu (Today & Yesterday)

    Today
    Yesterday
    Rate Change
    Silver (1 gram) ₹ 66 ₹ 66.5 ₹ -0.5 ↓
    Bar Silver (1 Kg) ₹ 66,000 ₹ 66,500 ₹ -500 ↓

    Silver Price In Tamil Nadu for Last 10 Days

    Date Silver (1 gram) Bar Silver (1 Kg)
    26 May 2022 ₹ 66 ₹ 66,000
    25 May 2022 ₹ 66.5 ₹ 66,500
    24 May 2022 ₹ 66.5 ₹ 66,500
    23 May 2022 ₹ 65.9 ₹ 65,900
    22 May 2022 ₹ 65.9 ₹ 65,900
    21 May 2022 ₹ 65.9 ₹ 65,900
    20 May 2022 ₹ 65.9 ₹ 65,900
    19 May 2022 ₹ 65.1 ₹ 65,100
    18 May 2022 ₹ 65.1 ₹ 65,100
    17 May 2022 ₹ 65.4 ₹ 65,400

    Weekly & Monthly Graph of Silver Rate in Tamil Nadu

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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 Rate in Tamil Nadu

    Silver, a high-beta precious metal compared to the yellow metal is sought by millions across India. Around 55% of silver is utilized by industries across the world of which 40% of demand stems from electronic industries alone. According to analysts,the price of silver has dropped faster compared to gold in that the silver-gold ratio in April 2011 was pegged at 31.7. In September 2015, the ratio stood at 76. According to experts, the rate at which price of silver drops will be slower than that of gold.

    Silver is held in high regard across Tamil Nadu across both rural and urban populace. Significantly, over 80% of silver imported to Chennai is sent to Salem, making the latter one of the largest consumer of silver. Intriguingly, Salem has been one of the biggest manufacturers of silver anklets in India. Salem payals (500 gm to 1000 gm) are widely sold in Goa and Chhattisgarh.

    Also check : Gold Rate in Tamil Nadu

    Trend of Silver Rate in Tamil Nadu for April 2022 (rates per kg)

    Parameters Silver Price (per kg)
    April 1 Rate Rs.71,700 per kg
    April 30 Rate Rs.69,500 per kg
    Highest Rate in April Rs.75,200 on 18 April
    Lowest Rate in April Rs.68,800 per kg on 28 April and 29 April
    Overall Monthly Performance Decline
    Percentage Change -3.06%

    Trend of Silver Rate in Tamil Nadu for March 2022 (rates per kg)

    Parameters Silver Price (per kg)
    March 1 Rate Rs.70,000 per kg
    March 28 Rate Rs.71,300 per kg
    Highest Rate in March Rs.77,600 on 9 March
    Lowest Rate in March Rs.70,000 per kg on 1 March
    Overall Monthly Performance Incline
    Percentage Change 1.85%

    Trend of Silver Rate in Tamil Nadu for February 2022 (rates per kg)

    Parameters Silver Price (per kg)
    1 February Rate Rs.65,300 per kg
    28 February Rate Rs.70,100 per kg
    Highest Rate in February Rs.70,600 per kg on 24 February
    Lowest Rate in February Rs.64,900 per kg on 7 February
    Overall Monthly Performance Incline
    Percentage Change 7.35%

    Trend of Silver Rate in Tamil Nadu for January 2022 (rates per kg)

    Parameters Silver Price (per kg)
    January 1 Rate Rs.66,600 per kg
    January 31 Rate Rs.65,400 per kg
    Highest Rate in January Rs.69,300 per kg on 21 January
    Lowest Rate in January Rs.64,300 per kg on 10 January
    Overall Monthly Performance Decline
    Percentage Change -1.80%

    Also Check Silver Price in Metro Cities

    Trend of Silver Rate in Tamil Nadu for December 2021 (rates per kg)

    Parameters Silver Price (per kg)
    December 1 Rate Rs.66,300 per kg
    December 31 Rate Rs.66,000 per kg
    Highest Rate in December Rs.66,300 on 1, 28, and 29 December
    Lowest Rate in December Rs.64,600 per kg on 15 December
    Overall Monthly Performance Decline
    Percentage Change -0.45%

    Trend of Silver Rate in Tamil Nadu for November 2021 (rates per kg)

    Parameters Silver Price (per kg)
    Rate on 1 November 2021 Rs.68,700 per kg
    Rate on 30 November 2021 Rs.66,500 per kg
    Highest Rate in November Rs.71,700 per kg on 13 and 14 November
    Lowest Rate in November Rs.66,500 per kg on 30 November
    Overall Monthly Performance Decline
    Percentage Change -3.20%

    Also Check Silver Price in NearBy Cities of Tamil Nadu

    Silver as an investment in Tamil Nadu

    Silver or ‘poor man’s gold’ is the most common form of traditional investment which caters to demands of all sections of society. Silver is seen as a valuable asset with a store of value offering protection against rising prices and effective hedge against inflation. Silver coins and bars are the most common forms of investment. Significantly, the plummeting price of silver has made it more attractive as a vehicle for investment.

    Physical silver: Silver is widely bought in the form of coins and 1 kg bars. Silver jewellery including temple jewellery including artefacts meant for ritualistic purposes, and other auspicious occasions is prevalent and drives demand for the white metal across various towns and cities in Tamil Nadu. From traditional silver jewellery items such as toe-rings and anklets to antique jewellery and artefacts, silver is sold in multiple forms. Silver articles are much in demand during the festive season.

    Silver contracts: Silver is traded in the spot as well as futures market. Silver is traded in Multi Commodity Exchange, National Spot Exchange and National Commodity & Derivatives Exchange. MCX offers three silver options, namely, Silver Mini, Silver 1000 and Silver Micro. Silver contracts deliver up to 30kg of silver. Silver Micro is one of the most traded contracts owing to the low margins involved.

    FAQs on Silver Rate in Tamil Nadu

    1. Why do people prefer silver over gold in a lot of markets?
    2. Silver is generally a cheaper method of investment when you compare it with gold. So, it can be bought in bulk also.

    3. When can I get the maximum return on the silver that I buy?
    4. When you invest in silver in the form of silver coins and silver bars and bullions, it provides the maximum returns to you when you liquidate the investment and sell the silver that you have.

    5. What is the Silver ETF?
    6. Silver ETF is the Silver Exchange Traded Fund. If you want to trade on silver ETF, you should register to the US Silver ETF.

    7. In what weights can I buy silver in Tamil Nadu?
    8. You can buy silver in the form of coins and 1 kg bars.

    9. How much silver is there in silver contracts?
    10. Silver contracts deliver up to 30kg of silver.

    11. What are the main uses of silver in Tamil Nadu?
    12. From traditional silver jewellery items such as toe-rings and anklets to antique jewellery and artefacts, silver is sold in multiple forms.

    13. On which platforms are silver traded?
    14. Silver is traded in Multi Commodity Exchange, National Spot Exchange and National Commodity & Derivatives Exchange.

    15. On the MCX, how many types of silver are traded?
    16. MCX offers three silver options, namely, Silver Mini, Silver 1000 and Silver Micro.

    Read more on Silver

    Silver Rate - Sitemap

    News About Silver Rate in Tamil Nadu

    • Silver prices fall below Rs.61,000 per kg on 17 May 2022

      Silver futures prices fell by Rs.77 or 0.13% on 17 May and are Rs.60,849 for a kg. Silver rates fell even though the value of the dollar pulled back. Silver prices in the spot market on 16 May 2022 were Rs.60,042 per kg. In the global markets, silver rates dropped by 0.2% and were trading at $21.56 for an ounce.

      17 May 2022

    • Silver futures jump by 0.61 percent on Thursday

      On Thursday, the price of silver increased by 1.65% on the Multi Commodity Exchange (MCX). The increase in the rates saw a kilogram of white metal cost Rs.65,651. In the spot market, silver was trading at Rs.64,203 per kg according to the Indian Bullion and Jewellers Association. In the global market, the precious metal saw an increase of 0.1% to cost $24.55 per ounce.

      Gold prices in the country and international markets also witnessed an incline. Gold futures on the MCX was trading at Rs.51,151 per 10 grams after increasing by 1.53 percent. The price of spot gold in the country was Rs.50,049 per 10 gram while in the international market, spot gold price was up by 0.3% to cost $1,912.89 per ounce.

      24 February 2022

    • Silver rates are flat at Rs.61,835, gold prices reduce by Rs.23

      In New Delhi, gold rates had dipped and reached Rs.47,814 per 10 grams. This was in line with weak international metal rates. Silver rates had been flat at Rs.61,835 per kg. In the international market, gold had been trading at $1,817 per ounce and silver had been flat at $22.94 per ounce.

      19 January 2022

    • Silver Prices on 25 November 2021

      On Thursday, 25 November 2021, the silver futures prices rose in the Indian market. However, comments from the policymakers of US Federal Reserve that suggested the central bank could accelerate stimulus tapering, kept the prices from rising furthermore. The silver futures rose by Rs.259 to Rs.63,884 per kg.

      25 November 2021

    • Silver futures prices on MCX fall by 0.92% on 20 September 2021

      Silver futures prices on MCX fell by Rs.549.7 or 0.92% on 20 September 2021 and were at Rs.59,750 for a kg. In the international markets, the prices of the white metal plunged by 0.06% and were at $25.20 for an ounce. Like silver, gold futures prices also fell in India. Gold futures prices on MCX fell by 0.06% and were at Rs.45,996 for 10 grams. In the last session, the prices of the yellow metal fell by Rs.27.6 or 0.21%. In the international markets, gold prices continued to jump. Gold rates jumped by 0.18% and were at $1,816.70 for an ounce.

      20 September 2021

    • Silver prices fall by Rs.490 in the national capital on 13 July 2021

      According to HDFC Securities, silver prices in the national capital fell by Rs.490 on 13 July 2021 and were at Rs.67,988 for a kg. In the last session, the prices of the white metal closed at Rs.67,498 for a kg. In the global markets, the prices of the white metal traded flat and were at $26.21 for an ounce. Gold prices in the national capital fell by Rs.90 and were at Rs.46,856 for 10 grams. In the previous session, the prices of the yellow metal closed at Rs.46,766 for 10 grams. In the international markets, the prices of gold jumped and were at $1,809 for an ounce.

      13 July 2021

    • Gold prices see an incline; silver rates incline by Rs.134

      Gold prices increased by more than Rs.300 to Rs.47,853 per 10 grams in the domestic market in New Delhi after the metal’s value recovered in the international market. In the previous session, gold prices closed at Rs.47,550 per 10 grams.

      Silver prices also increased by Rs.134 from Rs.70,127 per kg in its previous session to Rs.70,261 per kg. The price of the metal had increased following a positive trend in the international market.

      In the global markets, gold prices were trading flat at $1,864.50 per ounce while silver was trading at $27.65 per ounce.

      16 June 2021

    • Silver price dip by 0.02 percent on Thursday

      Silver price slipped in the country on Thursday. The price of the white metal plunged by almost 0.02 percent and was retailed for Rs.71,474 per kg. In the global market, silver price was down by 0.05% and cost $27.7 per troy ounce. Gold futures prices in the country were up by 0.8 percent in the Multi Commodity Exchange (MCX). The increase in the price saw 10 grams of the yellow metal cost Rs.48,766. It needs to be mentioned here that in the previous session, gold price was down by 0.8 percent or Rs.39 for every 10 grams. The yellow metal continued its growth in the international market and an ounce was retailed for $1,897.5. The price of the previous metal was up 8.32 percent when compared to the average gold price observed in the past 30 days.  

      27 May 2021

    • Silver rates incline by Rs.936; gold rates rise in the domestic market

      Gold prices in the domestic market increased by Rs.348 to Rs.47,547 per 10 grams in New Delhi amidst a strong safe-haven demand seen in the market. Gold prices showed a positive trend in the international market which affected the domestic prices. In the previous session, gold closed at RS.47,199 per 10 grams.

      Silver rates increased by Rs.936 to Rs.71,310 per kg compared to Rs.70,374 per kg in its previous session.

      In the international market, gold showed a positive trend and was trading at $1,853 per ounce and silver prices showed a flat trend at $27.70 per ounce.

      18 May 2021

    • Silver rates jump by Rs.1,776 in the national capital on 29 April 2021

      According to HDFC Securities, silver rates in the national capital jumped by Rs.1,776 and were at Rs.68,785 for a kg. In the previous session, the prices of the white metal closed at Rs.67,009 for a kg. In the international markets, the prices of silver were flat and were at $26.29 for an ounce. Like silver, gold rates jumped in the national capital as well. The prices of the yellow metal jumped by Rs.61 and were at Rs.46,472 for 10 grams. In the previous session, the precious metal closed at Rs.46,411 for 10 grams. In the global markets, the prices of the yellow metal fell marginally and were at $1,777 for an ounce.

      29 April 2021

    • Price of silver falls on Wednesday

      The price of silver witnessed a nominal fall on Wednesday. The rate charged for 10 grams of the white metal was down by Rs.8 to cost Rs.631. In the four metropolitan cities of the country, a kilogram of silver cost in excess of Rs.60,000. While in Delhi, Mumbai, and Kolkata, a kilo of the white metal cost Rs.63,100, in Chennai, the same quantity of the precious metal was priced Rs.68,700.

      Gold price, however, witnessed an increase on Wednesday. The rate of the yellow metal was up by Rs.64 for every gram. 10 grams of 24-karat gold cost Rs.47,450 in Delhi, Rs.45,730 in Chennai, Rs.46,670 in Kolkata, and Rs.44,620 in Mumbai. In the international market, gold rate stood at $1,679.80 per ounce after declining by 0.35 percent.

      31 March 2021

    • Silver cost Rs.65,700 per kg on Friday

      On Friday, a kilo of silver was priced Rs.65,700 per kg in the country. When compared to Thursday’s rate, the price of the white metal was up by Rs.1,590 for every kg. On Thursday, silver price had declined by Rs.637 for every kg.

      Gold was priced at Rs.48,160 after recording an increase of Rs.100. In the international market, gold had gained on Thursday as lower U.S. treasury yields boosted the appeal of the metal and eclipsed pressure from a strengthening dollar. It needs to be mentioned here that the price of gold jewellery varies in the country due to excise duty, state taxes, and making changes.

      26 March 2021

    • Gold prices rise marginally by Rs.10 per 10 grams; silver rates at Rs.65,700 per kg

      Gold prices had increased by Rs.10 on 8 March to Rs.44,520 per 10 grams and silver was trading at Rs.65,700 per kg during the same time. In Chennai, the price of 24-karat gold was Rs.46,000 per 10 grams.

      The price of the yellow metal dipped to its lowest level in 9 months in the previous week due to positive U.S. Treasury yields and better employment data.

      Spot gold was at $1,699.30 per ounce after it hit its lowest since 8 June 2020 at $1,686.40 per ounce. U.S. gold futures had settled at $1,698.50 per ounce after settling lower by 0.1%.

      08 March 2021

    • Silver records a rise in price; gold prices increase in the market

      Silver prices recorded a substantial incline on 8 February, rising by Rs.340 to Rs.68,391 per kg compared to its previous closing price of Rs.68,051 per kg. Gold prices recorded an incline of Rs.94 to Rs.46,877 per 10 grams. The yellow metal had closed the previous session at Rs.46,783 per 10 grams.

      In the international market, gold prices were trading in the green at $1,815 per ounce and silver prices also recorded gains at $27.16 per ounce.

      09 February 2021

    • Silver rates see a jump of more than Rs.3,000; gold rates decline

      Gold prices dipped by more than Rs.1,000 to Rs.47,520 per 10 grams. The precious metal had fallen by Rs.1,324 compared to its previous closing price of Rs.48,844 per 10 grams. Silver prices however increased by Rs.3,461 to cross the Rs.72,000 per kg mark. At Rs.72,470 per kg, silver prices increased compared to the closing price of the previous session at Rs.69,009 per kg.

      In the international market, gold prices increased and were trading at $1,871 per ounce while silver prices also showed gains at $29.88 per ounce.

      02 February 2021

    • Gold rate at Rs 50,830, silver price rises 0.27%

      The price of spot gold in India rose 0.02%, taking the overall value to Rs.50,830 from Rs.50,820.

      Despite the global gold rates ($1,892.7) falling by 0.37%, the spot gold prices in India (Rs.50,830) rose by 0.02%.

      Prices of Global spot gold continued on a downward trend with a value of $1,892.7 per ounce. The total value of gold dropped 0.37%. Silver prices rose today 0.27% to $23.8 per ounce.

      The gold spot price (Rs.50,830) rose by Rs.0.0 from yesterday (Rs.50,820), whereas global spot prices saw a fall of $6.0 to $1,892.7. MCX future price as of today remained unchanged, and had a value of Rs.50,881.

      14 October 2020

    • Silver rates gain by over 1 percent

      On Monday, domestic silver rates Tamil Nadu made gains after tracking strength in the global rates of the white metal. On the Multi Commodity Exchange (MCX), silver futures due for a September 4 delivery recorded an increase of 2.78 percent and was trading at Rs.76,219. MCX silver futures contract increased by 1.08 percent and settled at Rs.74,960. The increase brought down the average price of the monthly MCX silver contract to Rs.75,202. International silver price was trading at $28.33 per ounce after increasing by 0.20 percent.

      It must be noted that the opening price of silver jewellery in the country on Monday cost Rs.74,595 per kg. The price of jewellery is calculated after taking into account factors like excise duty and making charges.

      10 August 2020

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