Silver Rate in Trichy

October 2017 - Week 1 (1st to 8th)

• As the month started, silver in Trichy was priced Rs.39,530 per kg and was flat for the next day.
• The price at which silver was traded dropped down due to the subdued demand from the buyers, retailers and jewellers, amid the strong equity market and US currency.
• Silver price in Trichy fell by Rs.420 per kg and was priced Rs.39,110 per kg, the month’s lowest, on 5 October
• Towards the end of the week, the metal gained its shine due the stable demand overseas and was traded at Rs.39,680 per kg for the last two days.

October 2017 - Week 2 (9th to 15th)

• In the beginning of the second week, silver prices in Trichy crept up ahead of the festive season.
• While on 9 October silver’s rate in Trichy was Rs.39,950 per kg, as the week proceeded prices jumped up to Rs.40,440 per kg. The sparked geopolitical tensions due to the rising nuclear power of North Korea created massive tension in the US market and among the investors. This made silver a safe haven and increased its prices.
• Declining US job data also contributed towards rise in the metal’s price.
• For the last three days of the week, silver was stable at Rs.40,390 per kg.

October 2017 - Week 3 (16th to 22nd)

• Silver traded at the highest rate on the first day of third week due to the unprecedented rise in the demand of silver during the festive season.
• It traded at Rs.40,670 per kg and then over the course of the week slipped by Rs.890 per kg owing to the weak global cues and sudden drop in the precious metal’s demand amid the festive season
• Silver was priced Rs.39,780 per kg on 19 October, however, due to the stability in the US dollar and equities, silver edged up.
• The growing political instability in Europe added shine to the metal’s price making it a safe haven. The week closed at Rs.40,060 per kg.

October 2017 - Week 4 & Week 5 (23rd to 31st)

• There were no major fluctuation in the silver’s price as the week started due to continued political instability.
• The precious metal’s price touched Rs.39,670 and traded at the same rate on 25 and 26 October. The fall in the prices was mostly due to the subdued demand from the industry.
• Silver price in Trichy further edged down to Rs.39,115 per kg as the US dollar strengthened. In fact, the MCX silver futures rate got affected by 0.32%.
• The month ended on a good note, with silver traded at Rs.39,435 per kg. The rising volatility in the gold’s price attributed the prices to move up.

September 2017 - Week 1 (1st - 10th)

• Silver was trading at Rs.40,390 per kg when September began in Trichy.
• Due to continued and stable demand from local investors prices remained unchanged till the 3rd.
• The 4th saw silver rates in Trichy increase to Rs.41,075 per kg, courtesy of a weak US dollar performance.
• As demand increased, silver prices in Trichy went up to Rs.40,340 per kg and then to Rs.41,495 per kg as industrial ramped up their purchases to improve their inventory.
• Due to a sudden fall in demand on the 7th, rates fell to Rs.40,230 per kg.
• The final three days saw increased demand for silver as North Korea confirmed reports about its latest - and the most powerful nuclear test.
• On the 8th, silver was trading at Rs.41,675 per kg, which then increased to Rs.41,900 per kg on the 9th.
• At the time of closing on the 10th, silver was still trading at Rs.41,900 per kg.

September 2017 - Week 2 (11th - 17th)

• Silver prices this week was largely on the decline as a result of a strengthening US dollar.
• On the 11th, silver in Trichy was priced at Rs.41,075 per kg before going down slightly to trade at Rs.41,030 per kg on the 12th.
• Silver rates in Trichy rose to Rs.41,075 per kg on the 13th again but fell this time by a higher margin.
• On the 14th, the white metal was priced at Rs.40,890 per kg and continued at this rate till the end of the week.

September 2017 - Week 3 (18th - 24th)

• Silver rates in Trichy was reflective of the trend seen in the consolidated Indian market. When the week began on the 18th, the metal was priced at Rs.40,440 per kg.
• A strong US dollar performance had an adverse effect on silver on the 19th as the metal traded at Rs.39,680 per kg.
• The North Korea - US conflict didn’t seem to settle down, which stoked safe-haven purchases, globally and domestically.
• This unabating conflict led to silver prices increasing to Rs.40,060 per kg on the 20th.
• A drop in demand on the 21st saw the white metal trade at Rs.39,670 per kg. Due to steady and sustained demand, silver rates remained unchanged till the week came to an end.

September 2017 - Week 4 (25th -30th)

• In Trichy, silver prices opened for this week at Rs.39,670 per kg.
• Due to increased buying spurred by the imminent arrival of Dusshera festivities, silver prices rose to Rs.40,520 per kg.
• However, as demand took a hit, silver prices went down to Rs.39,780 per kg on the 27th.
• On the 28th, silver prices in Trichy went further down to Rs.39,530 per kg as demand plummeted amidst weak global cues.
• Over the final two days of the week, silver prices remained at Rs.39,530 per kg, thanks to a sustained but low demand from local buyers.
• A weak demand overall from industries and jewellers compounded with sluggish demand overseas led to silver rates falling by 2.12% for this month.

August 2017 - Week 1 (1st - 6th)

• Silver trading showed mixed signs this week, which was evident in constantly fluctuations prices.
• When the week began, silver was priced at Rs.38,995 per kg, but decreased to Rs.38,230 per kg because of a low demand from industries and coin makers.
• Silver rate in Trichy fell further on the 3rd to go down to Rs.37,965 per kg and thereby reflecting the bullion trading scenario in the global market.
• A spike in demand on the 4th saw silver prices jump to Rs.38,455 per kg. This increase in purchases was brought about by coin makers who splurged to satisfy eager retailers.
• Silver price in Trichy fell and held at a monthly low figure of Rs.37,235 per kg on the 5th and 6th. This development, or lack thereof, was brought about by investors who backed out of purchases in numbers.

August 2017 - Week 2 (7th - 13th)

• This week saw silver price in Trichy improve courtesy of a weakening greenback as a direct result of the US’ conflict with North Korea.
• Silver trading started for the week at Rs.37,935 per kg, which improved to Rs.37,345 per kg on the 8th and subsequently to Rs.38,455 per kg on the 9th.
• The 10th saw silver prices gain significantly to reach Rs.39,115 per kg because of the US economy crashing amid the ongoing stand-off with North Korea.
• Silver rate in Trichy increased again on the 11th to Rs.39,670 per kg and continue at the same rate on the 12th and the 13th, thanks to increased buying from industrial units and coin makers.

August 2017 - Week 3 (14 - 20):

• This week began on a weak note with silver trading at Rs.39,435 per kg.
• However, local demand improved over quickly to push prices up to Rs.38,460 per kg on the 15th and then to Rs.39,355 per kg.
• Rates surged for the third time this week, leading to the metal trading at Rs.39,780 per kg on the 18th.
• But, news about positive economic growth and the subsequent rise of the US dollar pushed silver rates down to Rs.39,115 per kg on the 19th.
• The final day of the week saw little change in silver price in Trichy as demand remained steady from all corners of the market.

August 2017 - Week 4 (21st - 27th)

• During this week, silver price in Trichy remained on a low but were slightly helped by a steady demand.
• Silver rate in Trichy was recorded at Rs.39,115 per kg on the 21st and the 22nd, before a spike in local demand pushed prices up to Rs.39,265 per kg on the 23rd.
• Rates improved on the 24th as well and the metal traded at Rs.39,355 per kg.
• However, a resurgent US dollar and a proportional drop in global demand had an adverse effect on local silver sales.
• This led to the white metal’s prices declining to Rs.38,995 per kg on the 25th and continue at the same level till the 27th.

August 2017 - Week 5 (28th - 31st)

• The last few days of this week saw silver prices increase as demand from retail outlets pushed purchases up.
• On the 28th, silver price in Trichy closed at Rs.38,435 per kg. But, with demand spiking significantly, prices went up to Rs.40,440 per kg on the 29th.
• However, this demand couldn’t be sustained for longer periods, which pushed silver prices down to Rs.40,190 per kg on the 30th.
• Rates fell again on the last day of the month to close at Rs.40,060 per kg.

July 2017 - Week 1 ( 1st to 9th)

• In Trichy, silver prices opened at Rs.38,640 per kg when the week began on the 1st.
• Prices remained unchanged for the next couple weeks i.e., the 2nd and the 3rd as a result of continued demand from domestic circles.
• However, rates fell to go down to Rs.37,705 per kg on the 4th as positive sentiments surrounding the Independence Day in the US led to a well-performing economy.
• Rates went up to Rs.38,395 per kg on the 5th due to concerns relating to Donald Trump and his policy decisions.
• On the 6th of the month, silver was selling at Rs.37,600 per kg as dollar rallied again amidst positive US job data.
• For the last three days of the week, silver prices remained at Rs.37,115 per kg, thanks to steady demand from investors.

July 2017 - Week 2 (10th to 16th)

• Silver rates in Trichy hit a monthly low of Rs.35,565 per kg on the 10th as demand fell amidst a strong US dollar performance.
• Rates increased for the next couple days as it first went up to Rs.36,035 per kg on the 11th and then to Rs.36,920 per kg on the 12th as demand went up.
• The 13th saw prices increase as well, which led to the white metal trading at Rs.37,115 per kg before falling slightly to Rs.36,545 per kg on the 14th.
• The sharp decline was followed by a considerable increase on the 15th as rates rose to Rs.37,115 per kg and trading at the same rate for the remaining days of the week.

July 2017 - Week 3 (17th to 23rd)

• Rates were still holding at Rs.37,180 per gram when the third week began on the 17th.
• Due to a surge in local purchases, particularly from coin makers, rates went up to Rs.38,395 per kg on the 18th of July.
• Demand from local industries fell due to purchases hitting a saturation point, which pushed silver prices down to Rs.37,600 per kg on the 19th and the 20th.
• When trading closed on the 21st, silver prices had gone up to Rs.38,005 per kg but declined marginally to trade at Rs.37,965 per kg the next day.
• Silver rates were holding at Rs.37,965 per kg when the third week of July 2017 came to an end.

July 2017 - Week 4 (24th to 31st)

• The last week of July opened at Rs.38,275 per kg due to overnight trading cues.
• Rates declined l to Rs.38,005 per kg on the 25th as investors backed out of investing amidst US Fed rate hike news,
• Prices dropped again on the 26th to Rs.37,965 per kg but went up to Rs.38,640 per kg on the 27th.
• Despite some rises and falls, silver prices closed at a monthly high of Rs.38,815 per kg on the final day of July.
• Silver price trends in Trichy incline at a rate of 0.32% in Trichy, courtesy of a weak US dollar performance and strong local demand.

June'17 - Week 1 (1st - 4th)

• When silver trading commenced in Trichy, the metal was priced at Rs.40,060 per kg, which went down to Rs.39,780 per kg on the 2nd of June.
• The 3rd saw silver rate in Trichy increase to Rs.40,670 per kg and continue at the rate rate till the end of the week.
• Demand for the metal seemed to be on a high, courtesy of some good global cues.

June '17 - Week 2 (5th - 11th)

• Demand remained on the ascent when week 2 began on the 5th, as the white metal was trading at Rs.42,715 per kg.
• On the 6th and 7th, silver was trading at a monthly high rate of Rs.40,890 per kg - as dollar rate fell amidst administrative concerns regarding Donald Trump’s presidency.
• However, prices fell to Rs.40,815 per kg on the 8th as demand fell considerably due to investors remained wary.
• Rates fell further to Rs.40,060 per gram as a positive US jobs data led to precious metal prices tanking.
• When the second week of June came to an end, silver was priced at Rs.40,060 per kg.

June'17 - Week 3 (12th - 18th)

• Due to weak cues and a strong stock market, silver prices started on a low of Rs.39,780 per kg on the 12th of June.
• With demand showing little signs of improving, silver rates went down again to Rs.39,110 per kg on the 13th.
• As there was a minute improvement in demand, the white metal’s prices went up to Rs.3,9115 per kg on the 14th before dropping down to Rs.38,995 per kg on the 16th.
• Silver price in Trichy went further down on the 17th as the US dollar strengthened. Price went down to Rs.38,460 per kg on the 17th and traded at the same rate on the 18th as well.

June '17 - Week 4 (19th - 25th)

• When trading began on the 19th, silver prices had increased to Rs.38,815 per kg owing to an increased domestic demand.
• The increase in rates seemed like a false dawn as silver rates fell to Rs.38,460 per kg on the 20th before hitting a monthly low figure of Rs.38,455 per kg on the 21st of June.
• Demand from local coin makers are industrial units increased, leading to an increase in silver prices on the 22nd.
• Rates went from Rs.38,640 per kg on the 23rd to Rs.38,925 per kg on the 24th and the 25th.

June'17 - Week 5 (26th - 30th)

• During the last week of June, silver was priced at Rs.38,815 per kg.
• Rates fluctuated this week owing to unstable demand from the local consumers.
• On the 27th, silver was trading at Rs.38,690 per kg before increasing to Rs.39,110 per kg on the 28th.
• As demand took a hit, silver prices went down to Rs.38,640 per kg on the last day of the month.
• Silver price in Trichy decline at a rate of 3.54% in June as a result of weak demand despite the dollar being on a relative low.

May ’17 – Week 1 (1st – 7th)

• The price of silver came down gradually during the first week of May. This trend can be attributed to the lack of demand for safe-haven assets, bullish stocks and the strengthening of the dollar.
• Silver traded at Rs.40,040 per kg on May 1. The next day, the price stood at Rs.39,265 per kg, a decline by Rs.775 per kg due to the increase in the US Dollar rate as Asian markets were bullish.
• Over the course of the week, prices further came down due to lack of industrial demand. The price of the precious white metal was Rs.38,230 per kg on May 4 and came down again to Rs.38,120 per kg on the next day, May 5.
• A lack of safe-haven buying, fall in gold prices and political developments surrounding the elections in France further pushed down the price of silver, which stood at Rs.38,005 per kg on May 6.
• Silver closed on the last day of the week at Rs.38,005 per kg, the same price as the previous day.

May ’17 – Week 2 (8th – 14th)

• The precious metal traded cautiously at Rs.37,865 per kg on May 8. The price of silver fell during the week due to many factors such as the presidential election in France and changes in demand factors.
• The price of the metal reached its lowest in the month to Rs.37,800 per kg on May 9 due to aggressive trading in the stock market.
• Silver hit the market at Rs.37,865 per kg on May 10, an increase by Rs.65 per kg due to a fall in the US dollar rate. The price remained the same on the next day, May 11.
• The price came down again to Rs.38,005 per kg on May 12, with the price being the same on the next day, May 13. The fall was due to the winning of Emmanuel Macron in the presidential election in France.
• The price of silver remained the same on the last day of the week.

May ’17- Week 3 (15th – 21st)

• In the third week of May, the price of the white metal showed an inclining trend. This is because of US Federal Reserve developments, easing of the US Dollar and a drop in industrial demand.
• Silver opened at the market at Rs.38,230 per kg on May 15 and went up to Rs.38,640 per kg on the next day, May 16.
• There was a further jump in price to Rs.38,995 per kg on May 17. However, the price dropped to Rs.38,335 on May 18 due to geopolitical developments involving the US and Russia.
• Prices dwindled down gradually in the next two days and the market closed at Rs.39,115 per kg on May 21.

May ’17 – Week 4 (22nd – 28th)

• The precious metal traded at Rs.39,435 per kg on May 22, a hopeful incline after the series of declines in the previous week.
• The price increased again to Rs.39,950 per kg on May 23, influenced by a sudden rise in industrial demand.
• During the course of this week, the price of the precious white metal saw a gradual incline, reaching Rs.40,190 per kg on May 28 as compared to Rs.39,435 per kg on May 22. This is an incline by Rs.755 per kg.
• This trend can be attributed to factors such as safe-haven buying due to geopolitical tensions surrounding US President Donald Trump and aggressive trading in the Asian stock markets.

May ’17 – Week 5 (29th – 31st)

• Though prices fell gradually in the last week of May, the overall trend showed an incline in prices for May.
• Silver traded at Rs.40,285 per kg on May 29, an increase from the previous week due to the blast in Manchester and the consequent fall in US dollar rate due to US Federal Reserve developments.
• As geopolitical tensions were on the rise, the price of silver further went up to Rs.40,440 per kg on May 30.
• There was an incline in the price of silver by 0.37% during May.

April 2017 - Week 1 (1st - 9th):

• The month of April in Trichy was a relatively poor period for silver trade as there wasn’t too much demand for the metal.
• When trading began on the 1st of April, silver was trading at Rs.42,570 per kg.
• Silver prices went down to Rs.42,435 per kg as requests from neighborhood coin producers and industrialists went took a hit.
• Rates went up just as they went down on 4th as silver trading rocketed to Rs.42,925 per kg - a Rs.490 increase in just a day’s time.
• After that sudden increase in demand, prices corrected themselves slightly to reach Rs.42,730 per kg on 5th.
• As demand fell on the 6th, silver rates went down again to reach Rs.42,570 per kg but went back up marginally to Rs.42,640 per kg as demand went up.
• Silver prices remained largely the same over the next two days - till the 9th - as demand sustained for most of this period.

April 2017 - Week 2 (10th - 16th):

• When the second week of April began, there was a slump in silver prices.
• Rates had gone from Rs.42,640 per kg to Rs.41,625 per kg on 10th and fluctuated over the next few days.
• On 11th, prices increased marginally to hit Rs.41,675 per kg as demand also went up from various quarters of the industry as well as coin makers.
• The 12th saw prices increase again as silver trading reached Rs.42,570 per kg.
• When trading began on 13th, silver prices had seen one of its biggest inclines as rates went up to Rs.43,030 per kg - a Rs.460 increase from the previous day - as demand went up.
• Rates remained at Rs.43,030 per kg on 14th but increased to Rs.43,055 per kg on the 15th before continuing at the same rate till the end of the week.
• Rates seen on the 15th and the 16th were the highest silver prices for the month of May.

April 2017 - Week 3 (17th - 23rd):

• The third week of May saw silver prices fluctuate as demand seemed to rattle after hitting a new high for the first time in a few months.
• When the third week began on 17th, silver was trading at Rs.43,055 per kg but went down to Rs.42,775 per gram on 18th as demand went down.
• On the 19th, silver rates went down again - for the third consecutive day - as demand showed no sign of picking up.
• However, there were sustained demand on the 19th and the 20th, which lead to rates remaining at Rs.42,365 per kg on both the days.
• The 21st again saw silver price tumble - this time by Rs.365 - to reach Rs.41,980 per gram and remained the same till the end of the week on the 23rd.

April 2017 - Week 4 (24th - 30th):

• Silver rates in Trichy were at their worst during the last week of April.
• When the week began, silver was trading at Rs.41,435 per gram, which then went down to Rs.40, 340 per gram.
• Rates went up briefly on the 26th to reach Rs.40,520 per gram but decreased again to Rs.40,285 per kg.
• There were plenty of fluctuations in demand which brought silver rates to Rs.40,390 per gram and then to Rs.40,040 per gram.
• On the last day of April, silver was trading at Rs.40,040 - which happened to be the lowest silver rate for the entire month.

Week 1 March 2017 (March 1st – March 5th)

• Silver opened the month of March trading at Rs.44,195 per kilogram.
• A decline in industrial demand and a stronger US Dollar saw silver prices drop to Rs.42,570 per kilogram on March 3rd.
• A marginal increase in demand from coin makers and industrialists saw Silver recover to Rs.43,295 per kilogram on March 4th which was sustained till the end of the week.

March ‘17 - Week 2 (6th to 12th)

• A stronger US Dollar saw silver open the second week of trading at Rs.42,925 per kilogram.
• A drop in demand from coin makers saw Silver slip to Rs.41,340 per kilogram on March 9th.
• An expected US Federal Interest Rate hike saw the US dollar strengthen, causing Silver rates to further slip to Rs.40,520 per kilogram on March 10th, which was sustained till the close of the week on March 12th.

March ’17- Week 3 (13th to 19th)

• A marginal increase in industrial demand saw Silver open the third week of trading at Rs.40,890 per kilogram.
• A decline in demand from coin makers and a stronger US dollar in light of expected US Federal Interest Rate hikes saw Silver slip to Rs.40,040 per kilogram on March 15th.
• A hike in industrial demand allowed Silver to recover to Rs.41,075 per kilogram on March 16th.
• A marginally stronger US Dollar saw Silver close the third week of trading at Rs.40,815 per kilogram.

March ’17- Weeks 4 (20th to 26th)

• A weakened US Dollar saw silver open the fourth week of trading at Rs.41,030 per kilogram.
• A strengthened US Dollar saw the price of Silver slip to Rs.40,890 per kilogram on March 21stt.
• Sustained industrial demand and demand from coin makers saw Silver climb to Rs.41,435 per kilogram on March 23rd which was sustained till March 24th.
• A slight decline from coin makers saw Silver close the fourth week of trading at Rs.41,340 per kilogram.

March ’17- Weeks 5 (27th to 31st)

• Sustained industrial demand and a weakened US Dollar saw Silver open the last week of trading at Rs.41,980 per kilogram.
• An increase in demand from coin makers saw Silver climb further to Rs.42,270 per kilogram on March 28th and March 29th.
• A weaker US Dollar caused Silver to climb to Rs.42,435 per kilogram on March 30th.
• A decline in demand from coin makers saw Silver close the trading for the month of March at Rs.42,115 per kilogram.

February 2017 - Week 1 (1st to 5th):

• When trading started for the month of February, silver was priced at Rs.42,755 per kg.
• This was due to an increase in both domestic and international demand.
• Prices increased to Rs.42,835 per kg on 2nd due as demand also increased.
• As demand couldn’t hold on rates went down to Rs.42,080 per gram on 3rd of February.
• Rates, as seen on 3rd, also happened to be the lowest rate for the metal for the month.
• When week 1 ended silver was trading at Rs.42,355 per kg.

February 2017 - Week 2 (6th to 12th):

• When week 2 began on 6th, silver was trading at Rs.42,505 per kg and went up to Rs.42,730 per kg as demand increased from both jewellers and industrialists.
• On 9th, silver prices went up marginally to Rs.42,775 per kg as demands sustained.
• The 10th saw prices fall to Rs.42,365 per kg on as demand went down in the domestic market after a brief surge over the previous two days.
• On 11th rates went up to Rs.42,570 per kg as the US dollar seemed to weaken slightly, leading to the sudden increase in prices.
• The second week of February ended with silver still trading at Rs.42,570 per kg.

February 2017- Week 3 (13th to 19th):

• The 13th saw silver prices go up significantly as US dollar crashed, which caused rates to go up to Rs.43,245 per kg.
• As the demand couldn’t be sustained rates went down to Rs.43,030 per kg on 14th February.
• On 15th, prices rose to Rs.43,110 per kg and then increased to Rs.43,480 per kg and remained the same on 16th as well.
• The third week of February ended with silver trading at Rs.43,400 per kg, owing to a sustained demand.

February 2017- Weeks 4 & 5 (20th to 28th):

• As demands varied from various sectors including jewellers, coin makers, and industrialists, silver prices fluctuated quite a bit over the last two weeks.
• On 20th, silver was trading at Rs.43,300 per kg and increased slightly to trade at Rs.43,085 on 21st February.
• As coin makers begun more silver, prices went up to Rs.43,910 - an increase of Rs.610 in within a couple of days.
• Silver prices remained at Rs.43,910 per kg on 25th February, as demand remained steady over the course of the days.
• Demand increase further as silver was seen trading at Rs.44,085 per kg on the last day of February.
• All in all, Trichysaw silver price trends increase by 3.11% for the month of February.

January 2017 - Week 1 (1st to 7th):

• January saw quite a lot of fluctuations with regards to silver prices, which began in the first week.
• The metal started trading at Rs.39,035 per kg on 1st and increased, as demand picked up, to reach Rs.39,355 per kg.
• Prices increased again on 5th to reach Rs.40,520 per kg as buyers started buying more and more.
• On 6th, however, prices went down to Rs.40,440 per gram - a decrease of Rs.80 per kg.
• When week 1 ended, silver prices had gone down to Rs.40,390 per gram.

January 2017 - Week 2 (8th to 14th):

• As demand for silver increases all around Asia, prices seemed to rise in India as well.
• Week 2 began on 8th with silver trading at Rs.40,390 per kg.
• Rates remained the same on 9th as well before increasing to Rs.40,520 per kg at the end of 9th.
• On 11th, silver prices went down to Rs.41,360 and went down again to reach Rs.41,230 per kg on 12th.
• The second week of January ended with silver trading at Rs.41,230 per gram.

January 2017 - Week 3 (15th to 21st):

• When trading began on 15th, silver was priced at Rs.41,230 per gram - the same price as the last day of the previous week’.
• As Donald Trump’s economic policy began to take shape, markets went through a slightly tumultuous period, which brought an increase in prices.
• On 16th, silver was trading at Rs.41,360 per kg and went up to Rs.Rs.41,895 per kg on 18th.
• Prices went down slightly on 19th to reach Rs.41,675 per kg and continued at the same price on 20th as well.
• Week 3 of January ended with silver trading at Rs.41,930 per gram.

January 2017 - Weeks 4 & 5 (22nd to 31st):

• On 22nd, the metal was trading at Rs.41,930 per kg but fell to Rs.41,860 per kg on 23rd.
• Rates went down to Rs.41,435 per kg by the end of 25th as buyers seened to maintain their distance.
• Rates increased to Rs.42,010 per kg on 30th due to an increase in industrial demand.
• Price dropped to 27th to Rs.41,075 per kg and continued at the same rate till the closing hours of 29th.
• The month of January came to an end with silver prices holding at Rs.41,900 per kg.
• Trichy saw silver price trends increase by a massive 7.33%.