• Silver Rate in Telangana

    Daily Silver Rates
    Date Silver (1 gram) Bar Silver (1 Kg)
    11 Dec 2018 ₹ 40.7 ₹ 40,700
    10 Dec 2018 ₹ 40.3 ₹ 40,300
    09 Dec 2018 ₹ 40.3 ₹ 40,300
    08 Dec 2018 ₹ 40.3 ₹ 40,300
    07 Dec 2018 ₹ 39.6 ₹ 39,600
    06 Dec 2018 ₹ 39.5 ₹ 39,500
    05 Dec 2018 ₹ 39.6 ₹ 39,600
    04 Dec 2018 ₹ 39.6 ₹ 39,600
    03 Dec 2018 ₹ 39 ₹ 39,000
    02 Dec 2018 ₹ 38.5 ₹ 38,500

    *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 Telangana

    Telangana might be the newest state in the country but it has a long cultural and historical past which is hard to match. The state has a legacy of being ruled by some of the richest kingdoms of the country, where silver was used for commerce, trade and industry, making the state one of the biggest consumers of silver in the past. Today, Telangana is home to major towns and cities which account for a decent portion of the silver consumed in the country. Silver prices in Telangana are closely linked to international prices, given the fact that most of the silver is imported. The cost of silver on a particular day could vary, with a number of factors impacting the amount one pays for it.

    Trend of Silver Rate in Telangana 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 Telangana 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):

    • At the start of August 2018, silver commenced to trade at Rs.41,400 per kg. This was recorded to be the highest price point of the metal in Telangana for the month.
    • On the second day of the month, demand amongst local industries and jewellers declined causing the price of silver to drop as well. The metal was trading at Rs.41,100 per kg, a Rs.300 decline from the start of the month.
    • The price of the metal remained unaltered for a day but increased by Rs.200 per kg on August 4. On this day, silver in Telangana was priced at Rs.41,300. This hike in silver price may have been linked to the high demand for the metal from local industries.
    • At the end of week 1, silver in the state was recorded at Rs.41,300 per kg, unaffected by the increased demand for the metal from the previous day.

    August 2018 - Week 2 (6 - 12):

    • At the start of week 2, the state experienced a drop in the demand for metal. This naturally caused the silver price in Telangana to decline. The metal was trading at Rs.41,300 per kg.
    • The US dollar increased in value in comparison to other currencies after their economy showed positive trends. This depleted the value of silver, and on 7 August, it was priced at Rs.41,200 per kg.
    • Two days later, silver experienced a hike in its value, and was recorded to be at its highest price point for the month of August 2018. On this day, the metal was trading at Rs.41,400 per kg, which can be linked to the decline in the dollar value.
    • This upswing in price did not last long as the metal dipped in value after domestic demand in the state plummeted as well. On 10 August, the metal was trading at Rs.41,100 per kg. Throughout the entire month, the price of silver in Telangana was determined by the varying demand that the state experienced.
    • On the last day of week 2, silver enjoyed a rise in value as it stood at Rs.41,200 per kg.

    August 2018 - Week 3 (13 - 19):

    • Silver commenced trading at Rs.41,200 per kg at the start of the week. This was the same price as recorded at the end of week 2.
    • Silver then witnessed a drop in its value after demand in the state for the metal declined. The price on 14 August was recorded at Rs.40,900.
    • US released their employment data during week 3, which had a positive effect on the economy and the dollar value, and a negative impact on the price of silver.
    • In spite of the dollar gaining value, silver price rose as well. The price of silver as on 15 August, increased to Rs.41,100 per kg, but dropped to Rs.39,900 per kg the next day.
    • During the end of week 3, silver price in the state shot up by Rs.100 per kg, and during 17 - 19 August, it was trading at Rs.40,000 per kg.

    August 2018 - Week 4 (20 - 26):

    • Week 4 began with silver price in Telangana being recorded at Rs.40,000 per kg.
    • Silver then experienced a rise in value on 22 August as it was recorded at Rs.40,100. A Rs.100 increment in comparison to the price of silver at the start of week 4.
    • Subsequently, the value of the metal dipped a couple of points as the dollar rose in value over other currencies. The metal, on 23 August, was trading at Rs.39,900 in Telangana.
    • In the following days of week 4, domestic demand for the metal declined, thereby adversely affecting the price of silver. Silver dropped in value further as it stood at Rs.39,800 per kg.
    • However, at the end of week 4 the price of silver in Telangana increased as it stood at Rs.40,200 per kg.

    August 2018 - Week 5 (27 - 31):

    • In the beginning of week 5, silver in Telangana was recorded at Rs.40,200 per kg.
    • The value of silver then rose as domestic demand from industries and jewellers increased as well.
    • The silver price in Telangana for the month of August recorded a declining trend of -2.65% as it stood at Rs.40,300 per kg to end week 5.

    Trend of Silver Rate in Telangana 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 commenced at Rs.42,800 per kg in Telangana on 1 July 2018.
    • After remaining stable for a day, on 3 July, a dip in silver rates was noted. The decline was mainly due to the drop in industrial demand. On this day, silver prices fell by Rs.400 per kg and traded at Rs.42,400 per kg.
    • On the following days, the price of the metal rose marginally in Telangana to Rs.42,800 per kg. However, the local industrial offtake had been fluctuating.
    • At the end of the first week of July, the silver rate rose to Rs.42,900 per kg on the 9 - 10 July. This was the highest silver price recorded in the month of July in Telangana.
    • The increase in silver prices during the last few days can be linked to the positive market trends and the declining dollar value with relation to other currencies.

    July 2018- Week 2 (11-17)

    • The second week of July began with the silver price dropping by Rs.300 per kg to Rs.42,600 per kg. The drop in the silver rate was caused due to the poor demand for the metal.
    • As the industrial demand for silver in Telangana reduced further, the metal was traded at Rs.42,200 per kg from 12 - 14 July.
    • The price of the metal increased by Rs.100 per kg and stood at Rs.42,300 per kg on 16 July. Industrial demand for the metal then stabilised and silver price in Telangana stabilised as well.
    • On 17 July, the end of week 2, the price of silver in Telangana was recorded at Rs.42,100 per kg.

    July 2018- Week 3 (18 - 24)

    • A decline in silver prices in Telangana was noted when week 3 began. The price of the metal dropped to Rs.41,700 per kg. This was the price as recorded on 18 July. Again poor demand from industrial units led to a fall in silver prices.
    • On 20 July, silver rates fell further by Rs.400 per kg and traded at Rs.41,300 per kg as the dollar value in comparison with other currencies rose.
    • Demand for the metal increased in the following few days which led to the increment in the silver rate. The price of silver in Telangana on 21 - 22 July stood at Rs.41,700 per kg.
    • The price of the metal then declined towards the end of the week in Telangana as it stood at Rs.41,400 per kg on 24 July.

    July 2018- Week 4 (25 - 31)

    • Silver rates fell by Rs.100 per kg due to poor demand and traded at Rs.41,500 per kg on 25 July.
    • Also, 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.
    • The lowest silver price for the month of July in Telangana was recorded on 28 - 29 July when the metal traded at Rs.41,200 per kg.
    • By the end of the month, the price of silver increased as dollar rates dropped slightly. The metal stood at Rs.41,400 per kg on 30 - 31 July.
    • Overall, silver prices fell by 3.27% in the month of July in Telangana.

    Trend of Silver Rate in Telangana for June 2018 (rates per kg)

    Parameters Silver price (per kg)
    June 1 Rate Rs.42,800 per kg
    June 30 Rate Rs.42,800 per kg
    Highest Rate in June Rs.45,000 per kg on 15 June
    Lowest Rate in June Rs.42,600 per kg from 2 to 5 June
    Overall Monthly Performance Steady
    Percentage Change 0.00%

    June 2018 - Week 1 (1 - 10):

    • Silver was priced at Rs.42,800 per kg when trading began for the month of June.
    • The US jobs data was announced, which performed stronger than expected, causing silver rates to fall to Rs.42,600 per kg the next day.
    • From the 3rd to the 5th silver traded at Rs.42,600 per kg as there was a steady demand for the metal.
    • On the 6th, prices went up to Rs.42,900 per kg which then surged to Rs.43,600 per kg on the 7th ahead of a failing G7 summit.
    • When the week ended, silver prices in Telangana were recorded at Rs.43,700 per kg.

    June 2018 - Week 2 (11 - 17):

    • This week began with silver opening at Rs.43,900 per kg - rising by Rs.200 compared to the previous day’s rates.
    • The summit between the United States went ahead as planned which caused the dollar to rise and hence silver prices dropped. The metal, which was trading at Rs.44,000 per kg, dropped to Rs.43,900 per kg on the 14th.
    • As the trade war escalated between the US and China, silver rates went up to Rs.45,000 per kg - the month’s highest rates.
    • The week ended with silver being priced at Rs.44,300 per kg as there was a slowdown in demand.

    June 2018 - Week 3 (18 - 24):

    • US dollar strengthened after the fall seen during the previous week, causing silver rates to go down to Rs.43,400 per kg when this week started.
    • This was a Rs.900 decline from the previous day’s session. On the 19th, prices went up slightly to Rs.43,500 per kg before going down to Rs.43,100 per kg on the 20th.
    • The 21st saw silver rates drop again - to Rs.43,000 per kg - as demand continued to fall after the dollar recovered quickly.
    • From the 22nd to the 24th, silver continued to trade at Rs.42,900 per kg as there was a sustained demand for the metal.

    June 2018 - Week 4 (25 - 30):

    • On the 25th, when the week began, silver was priced at Rs.43,200 per kg as there was a strong demand for the metal.
    • Rates held steady on the 27th before dropping further to Rs.43,000 per kg as demand seemed to weaken as the US dollar continued on its upward trajectory.
    • As the US dollar continued to strengthen, silver prices dropped to Rs.42,800 per kg on the 28th of the month.
    • The month ended with silver rates continuing at Rs.42,800 per kg - which was the starting rates seen on the 1st of June.
    • Even though there were a lot of fluctuations in silver prices, they ended up where they began owing to a resurgent dollar which grew despite concerns over the trade war.
    • There was no change in price trends this month due to the aforementioned reason.

    Trend of Silver Rate in Telangana for May 2018 (rates per kg of silver)

    Parameters

    Silver price (per kg)

    May 1 Rate

    Rs.42,000 per kg

    May 31 Rate

    Rs.43,100 per kg

    Highest Rate in May

    Rs.43,800 per kg on 25 May

    Lowest Rate in May

    Rs.42,000 per kg on 1 May

    Overall Monthly Performance

    Incline

    Percentage Change

    2.61%

     

    May 2018 - Week 1 (1st - 6th):

    • Silver trading in Telangana saw consistent improvement over the course of this month, with rates reaching the highest levels towards the fourth week of the month.
    • On the 1st of May, when trading began, silver was priced at Rs.42,000 per kg. This was also the lowest silver price in Telangana for the month.
    • As demand was on a steady incline, silver rates went up to Rs.42,600 per kg on the 3rd before continuing to hold steady for the remaining few days of this week.

    May 2018 - Week 2 (7th - 13th):

    • The second week’s trading started with silver price in Telangana holding at Rs.43,200 per kg - a slow and consistent improvement from the previous week’s rates.
    • As the dollar seemed to incline, silver rates fell slightly on the next day to trade at Rs.43,000 per kg on the 8th of May.
    • On the 9th, silver rate in Telangana went up slightly to Rs.43,100 per kg before rising to Rs.43,300 per kg as demand in the local market was on a steady incline.
    • Silver prices in Telangana went further up to Rs.43,500 per kg on the 11th and then to Rs.43,600 per kg on the 12th as demand continued to rise.
    • Demand remained consistent on the final day of this week, thanks to sustained purchases from the local market.

    May 2018 - Week 3 (14th - 20th):

    • When the third week of May began, silver was priced at Rs.43,600 per kg. There were fluctuations in rates this week due to uneven demand caused by slowed down purchases.
    • The second day of this week, i.e., the 15th saw silver rate in Telangana drop by Rs.300 and the metal traded at Rs.43,300 per kg.
    • On the 16th, silver rates dropped to Rs.43,000 per kg as cues from the global market weakened and demand dropped as a result.
    • Silver price in Telangana rose to Rs.43,200 per kg on the 17th before dropping to Rs.43,000 per kg on the 18th the US dollar gained against other currencies.
    • On the final day of this week, the metal was priced at Rs.43,100 per kg as there was a low yet steady demand in the local market.

    May 2018 - Week 4 (21st - 27th):

    • The fourth week of May’s trading in Telangana saw silver rate in Telangana rise due to strong cues brought about by a weakened dollar.
    • There were a number of conflicts around the world which helped bullion investors’ cause and they increased their investment.
    • On the 21st, when the week began, the white metal was priced at Rs.43,100 per kg before rising to Rs.43,500 per kg on the 23rd as demand surged.
    • Prices went down to Rs.43,300 per kg on the 24th as demand for the metal dropped slightly on the day.
    • On the 25th, the precious metal traded at Rs.43,800 per kg - the month’s highest rates as demand surged ahead of a poor dollar.
    • The final day of this week saw silver price in Telangana rise slightly to Rs.43,600 per kg uncertainties rose in the US and demand for safe haven assets were on the rise.

    May 2018 - Week 5 (28th - 31st):

    • When the final week of May opened for trading, silver rates had dropped to Rs.43,000 per kg - a sharp Rs.600 per kg decline in just a day.
    • On the 29th, prices went up slightly to Rs.43,100 per kg before dropping to Rs.42,900 per gram on the final day of the month.
    • As demand surged briefly silver rate in Telangana went up to Rs.43,100 per kg. This month’s trading recorded a 2.61%, thanks to a surge in demand towards the final week.

    Trend of Silver Rate in Telangana for April 2018 (rates per kg)

    Parameters Silver price (per kg)
    April 1 Rate Rs.41,400 per kg
    April 30 Rate Rs.42,300 per kg
    Highest Rate in April Rs.43,800 per kg on 20 and 22 April
    Lowest Rate in April Rs.41,000 per kg on 5 April
    Overall Monthly Performance Incline
    Percentage Change 2.17%

    April 2018 - Week 1 (1st - 7th):

    • In the state of Telangana, silver trading commenced with the white metal priced at Rs.41,400 per kg on the 1st with steady local demand amid favourable market cues.
    • An increase in domestic demand brought about by the weakened US dollar led to silver rates surging to Rs.41,600 per kg on the 3rd.
    • Demand, however, decline over the next couple of days with the greenback regaining lost ground from its initial shock, and rates dropped to Rs.41,000 per kg - the lowest recorded monthly figure - on the 5th.
    • Trading closed for the week with silver price in Telangana holding at Rs.41,200 per kg on the 7th as demand picked up on the last day with an increase in industrial offtake for the metal.

    April 2018 - Week 2 (8th - 15th):

    • The week opened with the metal priced at Rs.41,200 per kg on the 8th with steady demand from domestic industrial units and coin manufacturers amid firm global trends.
    • Rates surged to Rs.41,700 per kg on the 9th as global demand rose amid the tumbling US dollar and stock markets.
    • As the news about the US-led retaliatory chemical attack on Syrian civilians broke out, the US dollar lost against a basket of other emerging currencies. This led to investors banking on safe-haven assets such as the bullion.
    • Strong market trends coupled with an increase in Asian demand led to silver price in Telangana rising to Rs.42,000 per kg on the 12th.
    • The week came to an end with silver rate in Telangana closing at Rs.41,900 per kg on the 15th with subdued but steady demand from industries and coin makers amid the recovering greenback.

    April 2018 - Week 3 (16th - 22nd):

    • When trading commenced for the third week, the white metal was priced at Rs.42,100 per kg - an increase of Rs.200 per kg from the previous session - with market participants putting off stock purchases in the US.
    • The week saw silver rate in Telangana greatly influenced with geopolitical tensions in the Korean peninsula and the rising US-China trade war fears pushing safe-haven demand higher at the global front.
    • Strong global demand coupled with positive market trends led to silver prices rising to Rs.43,700 per kg on the 19th.
    • Silver rate in Telangana rose further to Rs.43,800 per kg on the 20th as the dollar lost against a basket of other apex currencies amid unfavourable market cues. This was also the highest recorded monthly figure in the state.
    • Trading concluded for the week with the industrial metal prices holding firm at Rs.43,800 per kg on the 22nd with steady investor demand amid the positive global market trends.

    April 2018 - Week 4 (23rd - 30th):

    • The last week began with silver trading at Rs.43,700 per kg on the 23rd with local demand stabilising amid the regaining US dollar.
    • Silver price in Telangana dropped considerably with strong dollar performances and well-performing equities pushing demand lower during the week.
    • The 24th saw rates plunging to Rs.43,000 per kg with demand suppressed by the strong US dollar index.
    • Prices rose to Rs.43,100 per kg the next day before plunging again to Rs.43,000 per kg on the 26th with investor demand held in check by the strong greenback.
    • The next couple of days saw silver rate in Telangana holding at Rs.42,800 per kg with subdued but steady demand from industries and coin makers amid the weak trend overseas.
    • The month came to an end with silver trading at Rs.42,300 per kg on the 30th as the dollar rose further with trade-war concerns easing down, making the dollar-dependent assets expensive for foreign investors.
    • Strong overseas market cues coupled with consistent demand from coin makers and industries led to silver rates rising by 2.17% during the course of the month.

    Trend of Silver Rate in Telangana for March 2018 (rates per kg)

    Parameters Silver price (per kg)
    March 1 Rate Rs.41,100 per kg
    March 31 Rate Rs.41,400 per kg
    Highest Rate in March Rs.41,900 per kg on 7 March
    Lowest Rate in March Rs.41,000 per kg on 19 and 21 March
    Overall Monthly Performance Incline
    Percentage Change 0.72%

    March 2018 - Week 1 (1st - 4th):

    • Silver was priced at Rs.41,100 per kg when trading commenced in Telangana for the month of March.
    • This month saw silver price in Telangana fluctuate constantly due to various factors such as the latest Fed meeting and the trade war that was almost started by the US President Donald Trump.
    • On the 2nd, silver was priced at Rs.41,400 per kg before selling at Rs.41,600 per kg on the next day.
    • The week drew to a close with the metal still trading at Rs.41,600 per kg.

    March 2018 - Week 2 (5th - 11th):

    • When the second week’s trading opened in Telangana, silver was priced at Rs.41,700 per kg before going down to Rs.41,400 per kg the next day.
    • On the 7th, silver rate in Telangana surged to Rs.41,900 per kg due to an increased demand. This was also the highest silver rate for the month.
    • The US dollar seemed to be on the rise which caused the precious metal’s rates to drop over the next few days.
    • Over the 8th and 9th, silver was priced at Rs.41,500 per kg and Rs.41,300 per kg respectively.
    • A slight change in demand helped silver price in Telangana rise up to Rs.41,600 per kg on the 11th of March.

    March 2018 - Week 3 (12th - 18th):

    • The third week began in Telangana with silver trading at Rs.41,600 per kg, which rose and fell over the next few days due to poor demand.
    • On the 13th, silver rate in Telangana went up to Rs.41,700 per kg after the US President fired his Secretary of State.
    • Rates dropped over the next few days first to Rs.43,500 per kg and then to Rs.43,300 per kg on the 16th due to weak demand.
    • Silver prices in Telangana had fallen further to Rs.41,100 per kg on the final day of the week as demand failed to pick up.

    March 2018 - Week 4 (19th - 25th):

    • This week saw silver trade at its lowest, due to a weak local demand from industries and coin makers.
    • On the 19th, the metal traded at Rs.41,000 per kg - the month’s lowest before rising to Rs.41,200 per kg on the 20th.
    • Due to a slowdown in demand, silver rate in Telangana went back down to Rs.41,000 per kg on the 21st before a rise in sales pushed them up to Rs.41,500 per kg by the 23rd.
    • The week ended with silver trading at Rs.41,600 per kg.

    March 2018 - Week 5 (26th - 31st):

    • The final week of March opened with silver trading at Rs.41,600 per kg, which went up to Rs.41,800 per kg on the 27th as demand from industries and coin makers rose, owing to a weak dollar and positive cues.
    • Silver rate in Telangana fell to Rs.41,500 per kg on the subsequent day as demand slowed down. This further dropped to Rs.41,400 per kg on the final day of the month.
    • This month’s trading recorded a 0.72% change in prices, which was made possible by steady local demand.

    Details of Silver Price in Telangana (1 Kg) - Till December 2015

    Silver rates in Telangana have been on a roller coaster ride over the last year, with prices shooting up in May and dropping in March, July-August and December. Purchasing one kg of silver in Telangana today (December 22, 2015) would set you back by Rs 35,984. Current prices are on an upward trend, with the cost remaining under the Rs 40,000 mark per kg for most of the year. Prices peaked in May, touching Rs 43,500 per kg, and crashed to Rs 35,250 per kg in March, Rs 35,800 per kg in August and Rs 35,400 per kg in December, making it a good year for people to purchase this white metal.

    Silver as an investment

    Silver is a safe and affordable investment option for millions across Telangana. Its versatility combined with utility make it ideal for both new investors and seasoned veterans alike. Silver is the second most popular metal in the world, in terms of use, ensuring that there is a demand for it at all times, which make it highly liquid in times of a fund crunch. With a number of industries and job opportunities opening up in Telangana, there is more disposable income in the hands of the youth, income which might not be sufficient to purchase gold but plenty to buy silver. Buying silver in its physical form and through silver contracts remain two of the most popular modes of investment in the state.

    Physical silver – Physical silver has been around for centuries in Telangana, with silver jewellery, coins and bars being used widely. Jewellery continues to be the most popular form of silver investment in the state, with numerous designs and styles catering to different requirements. Intricate craftwork make these jewellery pieces popular across the globe, which mean that the demand for these would never die. Wastage and making charges could dilute a portion of the investment but buying silver jewellery could be smart if one intends to use it as an heirloom. Silver coins and bars, on the other hand, have no wastage charge and can be purchased purely as an investment. Banks and jewellers across Telangana cater to the needs of silver aficionados, with products for different budgets available.

    Silver contracts – Participating in silver trade through the market is new to most people in the country, with only those who are aware about market functioning opting for them in most cases. The National Commodity and Derivatives Exchange (NCDEX), Multi Commodity Exchange and National Multi Commodity Exchange offer platforms for enthusiasts to indulge in silver trade.

    Read more on Silver

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