Silver Rate in Telangana

  • Today's Silver Rate In Telangana ( 21 Jul 2019 )
    ₹ 44
    Today's Silver Rate per gram
    Compare Silver Rate In Telangana (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 Telangana 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 Telangana

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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 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 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 from 1 - 2 June 
    Overall Monthly Performance  Incline 
    Percentage Change  3.55% 
    • Silver was priced at Rs.39,400 per kg when the month began, unchanged since the end of May attributed to the stagnated local and industrial demand. This was also the lowest price recorded during the month in Telangana.
    • With the US Federal Reserve looking to cut interest rates, speculation of a negative impact on the global economy rose prompting investors to turn to bullion. This led to a decline in the US dollar value against other currencies, which caused silver prices in Telangana to surge to Rs.40,100 per kg on 14 June.
    • The US Federal Reserve announced that it was on the verge of reducing interest rates influencing the silver price to touch a monthly high of Rs.41,500 per kg recorded on 21 June.
    • Overall, silver prices in Telangana during the month inclines by 3.55% and closed the month at Rs.40,800 per kg marked largely due to speculation of a negative impact on the global economy.

    Trend of Silver Rate in Telangana 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% 
    • At the start of the month, silver rate in Telangana stood relatively stable at Rs.40,500 per kg. However, fluctuating overseas interest clubbed with weak local demand caused the white metal to fall sharply to Rs.40,000 per kg on 13 May.
    • As the US dollar stabilised, the local retail offtake declined causing local vendors to cut orders short as import costs rose dramatically. On 18 May, the price of the metal dipped to Rs.39,500 per kg.
    • Weak overseas demand prevailed while equity markets stayed volatile. Furthermore, the trade war between the U.S. and China, caused the price of silver in the city to decline further. On 22 May, it traded at Rs.39,200 per kg.
    • Even though the white metal saw a marginal increase in its price towards the end of the month, the month saw a percentage decline of 2.71. The month ended with silver trading at Rs.39,400 per kg.

    Trend of Silver Rate in Telangana 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 Telangana 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%
    • At the start of the month of March, Telangana saw a decline in value of silver from the previous month as it traded at Rs.42,700 per kg. As the white metal dipped in value, the US dollar rose in value over other currencies. Despite its poor start to the month, this was the highest the metal traded at in March.
    • Silver rate in Telangana further stooped in value after it was faced with adverse economic conditions. Specifically, the European Central Bank postponing their decision to hike rates of interest was one of the major factors that stunted the metal’s growth. On the 7th, it was priced at Rs.41,000 per kg.
    • Silver was priced at its lowest for the month on 29th as it traded at Rs.40,200 per kg. Unusually, equities too depleted in value at the same time.
    • The metal in Telangana experienced a percentage decline of 4.91, and the month ended with silver being priced at Rs.40,600 per kg.

    Trend of Silver Rate in Telangana 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%
    • Silver opened at Rs.43,900 per kg on 1 February amidst steady industrial demand for the metal and conflicting global cues.
    • As the demand for the metal increased in both the domestic and international markets, silver rates in Telangana surged and hit a monthly high of Rs.44,100 per kg on 5 February before recording the lowest silver rate of Rs.42,700 per kg on 14 February as the demand for the metal fell.
    • Though investors feared the impact of Brexit and anticipated a positive outcome of the US-China talks on trade, the local demand for the metal helped silver rates remain steady and trade at Rs.44,000 a kg on 20 February.
    • Industrial demand for the metal fell after positive economic data was released in the US and the value of the US Dollar inclined which caused silver prices to fall and close at Rs.43,300 per kg – losing 1.36% in value for the month of February in Telangana.

    Trend of Silver Rate in Telangana 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 kg on 2 December
    Overall Monthly Performance Incline
    Percentage Change 5.78%
    • A volatile dollar rate and steady local demand boosted silver prices in Telangana? after a relatively static start where the metal traded at Rs.41,500 per kg on 1 January.
    • Equity market volatility due to the ongoing U.S. government shutdown prompted greater investor interest in bullion which also boosted local silver offtake as the metal traded at Rs.42,700 per kg on 12 January.
    • Minor fluctuations in local demand as well as static Asian offtake resulted in prices falling to Rs.41,800 per kg on 22 January, though steady retail sales capped losses.
    • Steady local retail demand and a sudden slide in the dollar rate ahead of the Fed Reserve meeting saw silver prices surge to Rs.43,900 per kg when the month ended on 31 January.  

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

    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%

    Silver Rate Trend in Telangana for December 2018:

    • Silver started the month of December priced at Rs.38,500 per kg in Telangana. In a span of one week, the price jumped up to Rs.40,300 per kg on December 8, on the back of steady local demand from coin manufacturers and industrial units.
    • In the second week, the demand for the metal came to a slight halt as a rising dollar increased the cost of silver imports. Because of this flat demand, the white metal was traded mostly at Rs.40,700 per kg for a few days of the week.
    • This was then followed by a sharp drop and by December 20, the price of silver in Telangana had retreated to Rs.39,800 per kg.
    • As the year approached its end, investors took thee gauge of global growth concerns outlined by the World Economic Forum. This coupled with falling stocks and a weakening dollar prompted the price of silver to rise. It eventually ended the month at Rs.41,500 per kg on December 31.

    Trend of Silver Rate in Telangana 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 Telangana for November 2018:

    • The price of silver in Telangana gradually declined throughout the month of November. The gradual decrease in price was mainly due to poor demand along with the fall of the rupee against the dollar.
    • Silver opened the month of November at Rs.40,900 per kg and increased to Rs.41,500 per kg in the first week of the month. This was the highest rate of the month. The price of the metal declined after as the value of the dollar increased and due to the possible increase in interest rates.
    • The price of silver increased early in the month due to the festivals of Dhanteras and Diwali. The Brexit negotiations resulted in the loss of interest of investors towards the bullion which resulted in the decline in the price of the metal.
    • By the end of the month, the price of silver had recorded a percentage decline of 5.13 and closed at Rs.38,800 per kg.

    Trend of Silver Rate in Telangana 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):

    • Silver began the week trading at Rs.41,100 per kg, this was also the lowest price recorded during the month, amid weak domestic demand in the back of poor overseas cues.
    • With speculations by investors and market participants of a possible interest hike by the Federal Reserve, silver prices in Telangana rose to Rs.42,000 per kg on 3 October - this is also the highest rate recorded during the month.
    • As the week came to end on 7 October, the industrial metal was seen trading at Rs.41,900 per kg as the demand stabilized as the week progressed.

    October 2018 - Week 2 (8-14):

    • Silver rates in Telangana were at Rs.41,500 per kg when the week commenced with a recovering dollar rate coupled with strong equity market performance.
    • Rates of the industrial metal declined to Rs.41,100 per kg on 11 October amid weak overseas cues.
    • However, by the end of the week, demand for silver inclined significantly with local investors and market participants anticipating a drop in price with the silver closing the week at Rs.41,500 per kg.

    October 2018 - Week 3 (15-21):

    • Prices rose to Rs.41,900 per kg when the week began with strong investor demand due to favourable overseas market cues.
    • Silver rates in Telangana declined to Rs.41,700 per kg on 17 October; however, it recovered to trade at Rs.41,700 per kg on 18 October due to a weak US dollar and equity markets.
    • Silver ended the week trading at Rs.41,500 per kg amid a sudden rise in dollar value that led to commodity markets tumbling across the globe.

    October 2018 - Week 4 (22-28):

    • The while metal opened the week trading at Rs.41,500 per kg in back of steady demand for silver from industries and coin makers due to firm overseas market cues.
    • Prices inclined significantly to trade at Rs.41,900 per kg on 24 October as the US greenback lost value over other performing apex currencies due to weak global cues.
    • However, the US dollar gained value as the week progressed with the silver prices in Telangana were recorded at Rs.41,700 per kg on the last day.

    October 2018 - Week 5 (29-31):

    • Silver was trading at Rs.41,600 per kg when the week began, which was lower than the previous day’s rate with local markets failing to capitalise on strong market overseas cues.
    • Weak overseas cues coupled with low demand from the domestic market led silver prices to tumble to Rs.41,200 per kg on 30 October.
    • The month witnessed silver prices inclining by 0.24% attributed to the strong global cues that held domestic demand during the course of the month.

    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%

    September 2018- Week 1 (1-8)

    • The silver price in Telangana at the start of September was Rs.40,000 kg.
    • On 2 September, the price of the metal dipped by Rs.100, and on 3 September, it reverted to Rs.40,000 per kg. Silver was at its lowest from 5 - 7 September when it stood at Rs.39,500 per kg.
    • Due to investors turning to safe haven assets amid the ongoing trade war, the stock market was affected negatively. This helped the price of silver shoot to Rs.39,700 per kg at the end of week 1.

    September 2018- Week 2 (9-15)

    • Steady local and industrial demand helped the price of silver remain at Rs.39,700 per kg at the start of week 2. However, the price declined towards the end of the week.
    • The silver rate in Telangana then rose by Rs.200 to Rs.39,900 per kg from 11 -13 September before dipping to Rs.39,800 per kg on 14 September.
    • The varying dollar rate led to the decline in the silver price as the metal hit a monthly low yet again on 15 September as it was priced at Rs.39,500 per kg.

    September 2018- Week 3 (16-22)

    • At the start of week 3, silver was recorded at Rs.39,500 per kg but increased throughout the week as the US dollar weakened due to ongoing trade wars.
    • The silver price in Telangana then rose consistently through the week and the metal was priced 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 tensions continued, silver rates 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)

    • At the start of week 4, silver remained at Rs.40,300 per kg in Telangana.
    • Poor industrial and retail demand caused the price of the metal to dip to Rs.40,000 per kg on 24 September. However, as the demand picked up, silver rates quickly spiked to Rs.40,200 per kg on 25 and inclined further to Rs.40,800 per kg the very next day.
    • The month ended with silver surging to its highest point at Rs.41,200. The metal rose by 3% in Telangana for the month of September.

    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.

    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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