• Silver Rate in Trivandrum

    Daily Silver Rates
    Date Silver (1 gram) Bar Silver (1 Kg)
    25 May 2018 ₹ 43.8 ₹ 43,800
    24 May 2018 ₹ 43.3 ₹ 43,300
    23 May 2018 ₹ 43.5 ₹ 43,500
    22 May 2018 ₹ 43.2 ₹ 43,200
    21 May 2018 ₹ 43.1 ₹ 43,100
    20 May 2018 ₹ 43.1 ₹ 43,100
    18 May 2018 ₹ 43 ₹ 43,000
    17 May 2018 ₹ 43.2 ₹ 43,200
    16 May 2018 ₹ 43 ₹ 43,000
    15 May 2018 ₹ 43.3 ₹ 43,300

    *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 Price in Trivandrum

    Silver is a sought-after precious metal in Trivandrum. Besides its expanding industrial usage, it is bought in various forms such as traditional intricate jewellery, silverware, articles used for ritualistic purposes in addition to artefacts. Many consumers in Trivandrum present trendy gift articles made of silver during the wedding season. For many consumers in Trivandrum, silver is considered as a harbinger of good luck, a symbol of social prestige and prosperity.

    Many consumers belonging to the middle-class and upper middle-class sections buy the white precious metal as they consider it as a safe haven of investment in the long term against any kind of economic instability. Many small investors in Trivandrum buy silver given that it is more affordable than the yellow metal. Silver is respected for its intrinsic value and instant acceptability across the world.

    Trend of Silver Rate in Trivandrum 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%

    Trend of Silver Rate in Trivandrum 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 (1 – 4):

    • When trading began in Trivandrum, the industrial metal was recording trading firm at Rs.41,100 per kg on the 1st.
    • Demand for the metal surged in the bullion market due to uneven performances by the equity markets as the week progressed.
    • On the 2nd, silver price in Trivandrum rose to Rs.41,400 per kg after an incline in industrial offtake was recorded following a bearish run by the US dollar.
    • The 3rd saw silver prices rising further to Rs.41,600 per kg with domestic stock markets tumbling amid the weakened US dollar.
    • Silver rate in Trivandrum remained untouched at Rs.41,600 per kg for the rest of the week with the bullion market tracking a firm trend overseas.

    March 2018 – Week 2 (5 – 11):

    • The week opened with the white metal prices holding steady at Rs.41,600 per kg on the 5th with consistent demand for the metal.
    • However, a decline in industrial demand at the global level led to silver rates dropping to Rs.41,400 per kg on the 6th.
    • The 7th witnessed silver rate in Trivandrum rebounding to Rs.41,900 per kg after demand from investors and traders inclined with the US dollar index losing against other apex currencies.
    • With the US dollar regaining lost ground amid well-performing equities, demand for the metal subsided. This led to silver being priced at Rs.41,500 per kg on the 8th which plunged further to Rs.41,300 per kg on the 9th amid the poor overseas trends.
    • Demand, however, picked up as the week progressed after the US dollar tumbled amid market uncertainties and silver was recorded trading at Rs.41,600 per kg on the 11th when the week came to an end.

    March 2018 – Week 3 (12 – 18):

    • Silver trade in Trivandrum saw prices dropping significantly due to a bullish performance by the US dollar during the week.
    • Silver was priced at Rs.41,600 per kg on the 12th, when the week began with firm trends from the previous week.
    • With the stronger than expected US jobs and payrolls’ data indicating a rise in the number of jobs contributing to the US economy, the greenback surged. This led to silver rate in Trivandrum dropping to Rs.41,400 per kg on the 13th.
    • Though prices rebounded to Rs.41,700 per kg on the 14th as the dollar tumbled after the sudden dismissal of the US Secretary of State, speculations over a possible Fed rate hike during the next week led to dollar rebounding and silver was recorded trading at Rs.41,500 per kg on the 15th.
    • Poor trends overseas compounded with reduced domestic demand from local industrial units and coin makers resulted in prices plummeting to Rs.41,300 per kg and 41,100 per kg on the 16th and the 17th respectively.
    • The week concluded with the industrial metal trading at Rs.41,100 per kg on the 18th as demand remained low with international markets expecting a rise in the US interest rates during the central bank’s monetary policy meeting next week.

    March 2018 – Week 4 (19 – 25):

    • Trading opened for the week with the white metal priced relatively lower at Rs.41,000 per gram on the 19th following a slight decline in demand from the previous week.
    • Thanks to an increase in demand from local coin manufacturers and industrial units, prices surged to Rs.41,200 per kg on the 20th.
    • Though rates plunged to Rs.41,000 per gram the next day, silver price in Trivandrum soon rebounded with investors and traders banking on the metal to hedge against the uneven equities and the metal was recorded trading at Rs.41,500 per kg on the 22nd.
    • With markets cautious ahead of the US Federal Bank monetary policy announcement on future Fed rate hikes, demand for the white metal remained strong over the next few days. Silver was priced at Rs.41,600 per kg on the 23rd amid the firm overseas trends.
    • The week came to an end with prices remaining untouched at Rs.41,600 per kg on the 25th with the bullion market following strong trends overseas.

    March 2018 – Week 5 (26 – 31):

    • The last week commenced with silver prices holding at Rs.41,600 per kg on the 26th with steady demand amid firm global cues.
    • With tensions rising between the US and Russia, investors gravitated towards assets considered safer such as gold and silver. This led to silver price in Trivandrum surging to Rs.41,800 per kg on the 27th.
    • The 28th, however, saw the dollar regaining lost ground from its previous rally of losses and rose against a basket of currencies amid the recovering equity markets. This led to silver rate in Trivandrum dropping to Rs.41,500 per kg on the 28th which plummeted further to Rs.41,400 per kg on the 29th.
    • Trading concluded for the month with the white metal trading firm at Rs.41,400 per kg on the last day with subdued but steady demand from local industries and coin makers amid positive global cues.
    • Trivandrum recorded an incline of 0.72% in silver trade during the course of the month.

    Trend of Silver Rate in Trivandrum for February 2018 (rates per kg)

    Parameters Silver price (per kg)
    February 1 Rate Rs.42,600 per kg
    February 28 Rate Rs.41,200 per kg
    Highest Rate in February Rs.42,600 per kg on 1 and 2 February
    Lowest Rate in February Rs.40,600 per gram on 10 and 11 February
    Overall Monthly Performance Decline
    Percentage Change -3.28%

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

    • The month began in Trivandrum with the white metal trading at Rs.42,600 per kg on the 1st after the US dollar weakened ahead of the US employment data. This was also the lowest monthly figure recorded in the city.
    • Silver rate in Trivandrum remained unaltered at Rs.42,600 per kg on the 2nd owing to strong domestic demand amid the positive global cues.
    • However, the US dollar index rose against other emerging currencies after the US payrolls data proved to be stronger than expected. This led to silver price in Trivandrum plunging to Rs.41,700 per kg on the 3rd.
    • Thanks to the subdued but steady demand from industries and coin manufacturers, the rest of the week saw the industrial metal prices holding steady at Rs.41,700 per kg on the 4th.

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

    • When trading commenced for the second week,  silver was priced relatively lower at Rs.41,500 per kg on the 5th after demand for the metal declined amid weak global cues.
    • Though rates rose to Rs.41,900 per kg the next day, silver price in Trivandrum plunged to Rs.41,400 per kg on the 7th with the US dollar index rising against other apex currencies in the international market.
    • Poor trends overseas compounded by weak demand resulted in silver rates dropping further to Rs.40,800 per kg on the 8th.
    • The 9th saw the white metal rates rebounding to Rs.41,000 per kg following an unexpected incline in domestic demand despite the poor trend overseas.
    • However, with the dollar and equities market performing well in the international trade, silver rate in Trivandrum plummeted to Rs.40,600 per kg on the 10th. This was also the lowest recorded monthly figure in the city.
    • The week concluded with the industrial metal trading at Rs.40,600 per kg on the 11th with poor demand amid the weak trends overseas.

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

    • Poor dollar performances coupled with weakly performing equities resulted in silver prices rising considerably during the course of the week.
    • The week began with silver priced relatively higher at Rs.40,900 per kg on the 12th with the US dollar losing ground ahead of the US inflation data.
    • The next couple of days saw silver rate in Trivandrum rising after markets awaited the inflation data for clues on the pace of Fed rate hikes during the year. The white metal was recorded trading at Rs.41,300 per kg on the 13th before rising to Rs.41,400 per kg on the 14th amid the positive trends overseas.
    • Silver price in Trivandrum surged to Rs.41,800 per kg on the 15th before plunging to Rs.41,700 per kg on the 16th with the US dollar strengthening following the US inflation data.
    • With investors and traders gravitating on safe-haven assets to hedge against inflation concerns, demand for the metal surged. This led silver prices holding steady at Rs.41,700 per kg for the remainder of the week.

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

    • The fourth week commenced with the industrial metal priced at Rs.41,600 per kg on the 19th.
    • However, silver rate in Trivandrum plunged to Rs.41,200 per kg the next day after the US dollar strengthened against other emerging currencies.
    • Though rates remained untouched at Rs.41,200 per kg on the 21st amid the poor trends overseas, silver price in Trivandrum rebounded to Rs.41,400 per kg the next day with an increase in demand from local industries and coin manufacturers.
    • Prices surged further to Rs.41,600 per kg on the 23rd with the US dollar index and equities market losing in the international market.
    • The 24th saw rates declining slightly to Rs.41,500 per kg after domestic demand stabilised amid the firm trends overseas.
    • Thanks to steady demand from industries and coin makers, the rest of the week saw silver trading firm at Rs.41,500 per kg amid the positive trend overseas.

    February 2018 - Week 5 (26th - 28th):

    • When trading commenced for the last week, silver price in Trivandrum were recorded holding at Rs.41,600 per kg on the 26th.
    • Silver rate in Trivandrum surging to Rs.41,700 per kg on the 27th as markets were shaky.
    • The month came to an end with the industrial metal trading at Rs.41,200 per kg on the 28th with silver trade in Trivandrum registered a loss of 3.28% during the course of the month.

    Trend of Silver Rate in Trivandrum for January 2018 (rates per kg)

    Parameters Silver price (per kg)
    Silver rate on 1st January 2018 Rs.38,925 per kg
    Silver rate on 31st January 2018 Rs.42,200 per kg
    Highest Rate in January Rs.42,700 per kg on 29 January
    Lowest Rate in January Rs.38,925 per kg on 1, 2 and 10 January
    Overall Monthly Performance Incline
    Percentage Change 8.41%

    January 2018 - Week 1 (1 - 7):

    • Trading commenced in Trivandrum with the white metal priced at Rs.39,100 per kg on the 1st of January.
    • Thanks to steady domestic demand from local coin manufacturers and industrial units amid the positive overseas trends, silver rate in Trivandrum remained unaltered at Rs.39,100 per kg over the next couple of days.
    • However, with the US dollar index strengthening against other apex currencies, demand for the metal declined. This led to silver prices plunging to Rs.38,800 per kg on the 4th.
    • Though silver rates were recorded holding steady at Rs.38,800 per kg on the 5th amid the poor global cues, the 6th witnessed an increase in demand for the metal amid the weakening dollar and equity markets. Silver was recorded trading at Rs.39,200 per kg.
    • The week came to an end with silver trading firm at Rs.39,200 per kg on the 7th with steady demand from investors and traders amid the firm overseas trends.

    January 2018 - Week 2 (8 - 14):

    • The second week began with silver price in Trivandrum continuing to trade at Rs.39,200 per kg on the 8th following steady overseas trends from the previous week.
    • However, with the US dollar index regaining lost ground against a basket other emerging currencies amid the well-performing equity markets, prices plunged.
    • Silver was recorded trading at Rs.39,100 per kg on the 9th before dropping further to Rs.38,700 per kg - the lowest recorded monthly figure - on the 10th amid poor global cues.
    • The 11th saw silver rate in Trivandrum holding steady at Rs.38,700 per kg which surged to Rs.38,900 per kg on the 12th following an increase in demand from investors and traders amid concerns over a possible US government shutdown.
    • Demand picked up further amid the weakened greenback and equity markets during the week. This led to silver being priced at Rs.39,200 per kg for the remainder of the week.

    January 2018 - Week 3 (15 - 21):

    • The week commenced with the white metal trading at Rs.39,200 per kg on the 15th amid positive trends overseas.
    • Rates remained unaltered at Rs.39,200 per kg on the 16th before rising to Rs.39,600 per kg on the 17th following an increase in demand from local coin makers and industries.
    • However, with the US dollar recovering from the previous days’ losses, silver rate in Trivandrum dropped to Rs.39,100 per kg on the 18th.
    • Demand remained on the stronger side after investors and traders banked on the safe-haven metal amid the poor trends overseas.
    • The week concluded with the industrial metal trading firm at Rs.39,100 per kg on the 21st with steady demand for the metal.

    January 2018 - Week 4 (22 - 28):

    • When trading commenced for the week, silver prices were recorded holding firm at Rs.39,100 per kg on the 22nd.
    • Thanks a marginal increase in demand by coin makers and industrial units, rates surged to Rs.39,200 per kg on the 23rd.
    • Silver price in Trivandrum remained unchanged at Rs.39,200 per kg on the 24th before dropping back to Rs.39,100 per kg on the 25th amid the strengthening US dollar and equities.
    • Despite the poor global cues, demand for the metal remained unchanged in the domestic trade.
    • When the week concluded, the white metal was recorded trading at Rs.39,100 per kg on the 28th with steady demand for the industrial metal.

    January 2018 - Week 5 (29 - 31):

    • The final week began in Trivandrum with the metal prices surging to Rs.42,700 per kg -the highest recorded monthly figure - on the 29th after investors and traders gravitated towards the safe-haven asset amid strong inflation concerns.
    • However, with the US dollar strengthening ahead of the US Federal Reserve’s two-day monetary policy meeting, silver rate in Trivandrum dropped to Rs.42,200 per kg on the 30th.
    • The month came to an end with the industrial metal trading firm at Rs.42,200 per kg with steady demand from local coin maker and industries.
    • Trivandrum recorded an incline of 7.92% in silver rates owing to various trends overseas that pushed demand higher for the metal during the month.

    Trend of Silver Rate in Trivandrum for December 2017 (rates per kg)

    Parameters Silver price (per kg)
    Silver Rate on 1st December 2017 Rs.38,300 per kg
    Silver Rate on 31st December 2017 Rs.38,600 per kg
    Highest Rate in December Rs.38,600 per kg on 30 and 31 December
    Lowest Rate in December Rs.37,100 per kg on 9, 10 December
    Overall Monthly Performance Increasing
    Percentage Change 0.78%

    December 2017 - Week 1 (1st to 10th)

    • In Trivandrum, when trading commenced for the month, silver was recorded trading at Rs.38,300 per kg on the 1st of December.
    • With proposed US tax reform pan hitting a roadblock in the US Senate, the US dollar rates dropped considerably. This led to silver prices rising to Rs.38,500 per kg on the 2nd.
    • Prices remained unchanged at Rs.38,500 per kg until the 7th with steady demand from industrial units and coin manufacturers amid the strong trends overseas.
    • However, with the US dollar recovering from the previous days’ losses and equities performing well in the world market, silver rates plunged to Rs.36,800 per kg on the 8th. This was also the lowest recorded monthly figure in Trivandrum.
    • However, local demand picked up towards the end of the week with industries and coin makers ramping up purchases amid a firm trend overseas.
    • The week ended with the white metal trading at Rs.37,100 per kg on the 10th amid the positive trends overseas.

    December 2017 - Week 2 (11th to 17th)

    • The second week began with the industrial metal prices holding at Rs.37,000 per kg on the 11th.
    • Though rates remained unchanged at Rs.37,000 per kg on the 12th, a decline in domestic demand led to silver prices plunging to Rs.36,800 per kg the following day.
    • The 14th, however, saw the white metal prices surging to Rs.37,500 per kg after the US dollar lost against a basket of other emerging currencies with the US Federal Reserve raising their benchmark interest rates.
    • Prices plunged to Rs.36,900 per kg on the 15th with an uncharacteristic decline in industrial demand despite the positive overseas trend.
    • However, domestic demand from industries and coin makers picked up the next day amid the weakened US dollar and silver was recorded trading at Rs.37,200 per kg on the 16th.
    • The week came to an end with silver prices holding steady at Rs.37,200 per kg on the 17th with steady industrial demand amid the positive trends overseas.

    December 2017 - Week 3 (18th to 24th)

    • Trading opened with the white metal holding steady at Rs.37,200 per kg on the 18th with steady demand for the metal amid firm global trends.
    • The next couple of days saw the industrial metal trading at Rs.37,500 per kg with strong and sustained demand for the metal in the domestic market.
    • Prices plunged to Rs.37,600 per kg on the 21st before rebounding to Rs.37,400 per kg the next day with the US dollar losing against other apex currencies.
    • Silver rates surged further to Rs.37,700 per kg on the 23rd with the Asian stock markets declining against the new US tax cuts.
    • Steady global demand coupled with strong global cues resulted in the white metal prices remaining unchanged at Rs.37,700 per kg for the rest of the week.

    December 2017 - Week 4 (25th to 31st)

    • The last week commenced with silver priced at Rs.37,700 per kg on the 25th.
    • Rates surged to Rs.37,900 per kg on the 26th with an increase in industrial demand from coin makers and industries amid the positive trends overseas.
    • Silver prices were recorded at Rs.38,200 per kg on the 27th before surging to Rs.38,600 per the next day due to an increased demand brought about by strong global cues.
    • The month concluded with the white metal holding steady at Rs.38,600 per kg on the 31st and Trivandrum recorded an incline of 0.78% in silver trade during the course of the month.

    Trend of Silver Rate in Trivandrum for November 2017 (rates per kg)

    Parameters Silver price (per kg)
    Silver rate on 1st November 2017 Rs.39,300 per kg
    Silver rate on 30th November 2017 Rs.38,500 per kg
    Highest Rate in November Rs.40,100 per kg on 20 November
    Lowest Rate in November Rs.38,500 per kg on 30 November
    Overall Monthly Performance Decline
    Percentage Change 2.0%

    November 2017- Week 1 (1st to 5th)

    • SIlver price in Trivandrum were stable as the week began, with the white metal trading at Rs.39,300 per kg on 1 November.
    • Consistent demand from industrial units locally as well as relatively calm international demand kept prices unchanged for the whole of the first week.
    • The fear of another nuclear test by North Korea led to demand for silver being quite high, as investors rushed to hedge their equity shares.
    • WIth local demand remaining high in spite of stable markets, silver did not suffer any dips in price, trading at a steady Rs.39,300 per kg as the week ended on 5 November.

    November 2017- Week 2 (6th to 12th)

    • The start of the second week saw some fluctuations in the price of silver as market forces and local currency markets affected demand.
    • Silver opened the week trading at Rs.39,300 per kg on 6 November as demand continued to be steady from the previous week.
    • Silver price in Trivandrum shot up to Rs.40,000 per kg on 7 November as the metal rose on the back of renewed geopolitical risks in the Korean peninsula.
    • Tensions in the gulf kingdom of Saudi Arabia also led to unrest in the region as industry rushed to capitalise on the instability by ramping up orders ahead of schedule.
    • Gold price in Trivandrum dipped to Rs.39,800 per kg on 8 November and then showed some slight fluctuations.
    • The week ended with silver priced at Rs.39,800 per kg on 12 November as markets calmed towards the end of the week.

    November 2017- Week 3 (13th to 19th)

    • There was minimal change in the price of silver in the third week of November in Trivandrum as local demand kept prices steady in spite of some fluctuations in the price of silver internationally.
    • The white metal was priced at Rs.39,800 per kg as the week opened on 13 November, with the sudden rush to invest in bullion keeping demand steady.
    • The start of the wedding season led to retail demand for silver to rise, though overall prices weren’t affected significantly.
    • Silver momentarily rose to Rs.38,900 per kg on 15 November as international demand for the metal caused prices to rise.
    • Demand was consistent in the local market but prices were flat as Asian industry did not see any change in order volumes.
    • Silver price in Trivandrum remained unchanged as the week ended on 19 November with silver trading at Rs.39,800 per kg.

    November 2017- Week 4 (20th to 26th)

    • The fourth week saw silver price in Trivandrum rise to Rs.40,100 per kg on 20 November as the uncertainty in the Middle East led to panic buying of bullion.
    • Prices stabilised as the week progressed, with silver priced at Rs.39,600 per kg on 21 November due to a nominal fall in local orders.
    • The firming U.S. dollar also led to a reduction in demand from overseas markets due to the rising cost of importing the metal.
    • Silver price in Trivandrum rose to Rs.39,800 per kg on 24 November as a strengthening in the price was recorded following concerns over the nomination to replace current Fed chair Janet Yellen.
    • Markets were also volatile due to internal political circumstances in the U.S., which kept bullion prices high.
    • Silver ended the week trading at Rs.39,500 per kg as prices dropped sharply as the week ended.

    November 2017- Week 5 (27th to 30th)

    • The last week of November saw the price of silver remain static due to relatively unchanged order volumes.
    • Silver opened the week at Rs.39,500 per kg on 27 November as there was stability across markets.
    • Local demand was a reflection of international trends and there was no movement in the price for the week.
    • The month ended with silver priced at Rs.38,500 per kg on 30 November to record a 2% drop in price over the course of the month.

    Trend of Silver Rate in Trivandrum for October 2017 (rates per kg)

    Parameters Silver price (per kg)
    Silver Rate on 1st October 2017 Rs.39,800 per kg
    Silver Rate on 31st October 2017 Rs.39,300 per kg
    Highest Rate in September Rs.40,500 per kg on 16 October
    Lowest Rate in September Rs.39,100 per kg on 7 and 8 October
    Overall Monthly Performance Decline
    Percentage Change -1.25%

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

    • The initial week saw silver price in Trivandrum declining significantly due to poor trends overseas coupled with the strengthening dollar.
    • Trading commenced with the white metal trading high at Rs.39,800 per kg owing to an increased buying from industrial units and coin manufacturers.
    • However, silver trade lost it shine with the dollar recovering amid the possibility of an interest rates hike by the US central bank. This led to prices plunging to Rs.39,400 per kg on the 3rd.
    • Though rates rebounded to Rs.39,500 per kg on the 4th and the 5th, firm equity markets and a stronger dollar led to silver rate in Trivandrum plunging to Rs.39,100 per kg - a decline of Rs.400 per kg - on the 6th.
    • Despite strong global trends, domestic demand remained on the weaker side. This led to silver rates remaining unchanged at Rs.39,100 per kg for the remainder of the week.

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

    • The domestic trade witnessed silver rate in Trivandrum being greatly influenced during the second week. This was due to the positive trends overseas and the imminent arrival of the festive season during the week.
    • The industrial metal was priced at Rs.39,800 per kg when the week began on the 9th.
    • With the effect of the festive season kicking in, domestic demand surged in the local trade. This led to silver price in Trivandrum surging to Rs.40,100 per kg on the 10th.
    • Steady local demand coupled with strong global trends resulted in rates remaining unchanged at Rs.40,100 per kg until the 12th.
    • Prices rose further to Rs.40,300 per kg on the 13th owing to an increase in industrial offtake for the white metal.
    • The rest of the week witnessed the industrial metal trading steady at Rs.40,300 per kg due to steady demand from industries and coin makers.

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

    • The third week commenced with the white metal trading at Rs.40,500 per kg on the 16th. This was also the highest recorded monthly price in Trivandrum.
    • However, strong dollar rates and firmer equity markets led to silver price Trivandrum declining for the rest of the week. The industrial metal was recorded trading at Rs.40,200 per kg and Rs.40,000 per kg on the 17th and 18th respectively.
    • Domestic demand remained low despite the arrival of Diwali. This led to silver rate in Trivandrum dropping further to Rs.39,800 per kg on the 19th.
    • Poor local demand coupled with weak trends overseas led to rates remaining untouched at Rs.39,800 per kg for the rest of the week.

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

    • The final week witnessed silver price in Trivandrum impacted by the strengthening dollar and poor trends overseas.
    • The industrial metal was priced at Rs.39,700 per kg on the 23rd, which continued on to the next day as well.
    • Though rates plunged to Rs.39,600 per kg on the 25th, silver rate in Trivandrum recovered to Rs.39,700 per kg on the 26th due to an increased local demand amid positive overseas trend.
    • However, with the US dollar strengthening amid the possibility of a new Fed rate hike in December, global demand declined significantly. This led to rates plummeting to Rs.39,300 per kg on the 27th.
    • Strong international trends over the next couple of days led to silver being priced at Rs.39,600 per kg on the 28th and the 29th.
    • The month ended with the industrial metal trading at Rs.39,300 per kg on the 31st after markets shifted their focus on the central banks’ policy meetings to be held next month.

    Trend of Silver Rate in Trivandrum for September 2017 (rates per kg)

    Parameters Silver price
    Silver rate on 1st September 2017 Rs.40,000 per kg
    Silver rate on 30th September Rs.39,800 per kg
    Highest Rate in September Rs.41,800 per kg on 8 September
    Lowest Rate in September Rs.39,500 per kg on 27 September
    Overall Monthly Performance Decline
    Percentage Change 0.5%
    September 2017 - Week 1 (1st-10th)
    • When trading commenced in Trivandrum, the white metal was trading at Rs.40,000 per kg on the 1st of September.
    • An increase in domestic demand from coin manufacturers resulted in silver rates in Trivandrumsurging to Rs.40,000 per kg on the 2nd.
    • Silver rate in Trivandrum remained unchanged at Rs.40,000 per kg the next day, thanks to steady industrial demand.
    • Silver prices in Trivandrum rose to Rs.41,100 per kg on the 4th as positive global trends pushed domestic demand for the metal higher.
    • The industrial metal prices rose to Rs.41,200 per kg on the 5th, and Rs.41,300 per kg on the 6th with steadily increasing demand for the metal.
    • However, North Korea’s confirmation on their most powerful nuclear tests resulted in global markets tanking, thus, pushing the US dollar low. This resulted in safe-haven investments around the world to rise pushing demand for assets like gold and silver.
    • The 8th saw silver rates surging to Rs.41,800 per gram with an inclining global demand for the industrial metal. This was also the highest recorded monthly figure in Trivandrum.
    • The rest of the week witnessed the white metal trading at Rs.41,600 per kg with subdued, but steady demand for silver.
    September 2017 - Week 2 (11th-17th)
    • Silver opened relatively low at Rs.41,000 per kg on the 11th with reduced demand from industrial units and coin manufacturers.
    • With the US dollar retaining lost ground, global demand for the metal declined, pushing prices down to Rs.40,800 per gram on the 12th.
    • However, surplus demand from the Asian markets resulted in silver rates in Trivandrum rising to Rs.41,200 per kg the next day.
    • Local demand for the metal declined on account of poor global cues, resulting in prices falling to Rs.40,800 per kg on the 14th.
    • The 15th witnessed silver prices rebounding to Rs.41,000 per kg owing to continued aggression between the US and North Korea.
    • Demand for the metal rose after the US economy was sent crashing by the hurricanes Harvey and Irma on the US coast. This resulted in gold prices surging to Rs.41,700 per kg on the 16th and the 17th.
    September 2017 - Week 3 (18th-24th)
    • The third week opened with the white metal trading steady at Rs.41,700 per kg on the 18th, thanks to steady demand from coin makers and industrial units.
    • Rates dropped to Rs.39,800 per kg the next day against a strong dollar rate, but prices rose on the 20th to Rs.40,200 per kg as rising geopolitical tensions in the Korean peninsula pushed demand for safe-haven investments worldwide.
    • Demand dropped significantly on the 21st, which soon picked up the next day with the imminent arrival of the festive season pushing purchases higher in the domestic market. This resulted in silver trading at Rs.40,100 per gram on the 22nd.
    • The US dollar strengthened towards the end of the week, resulting in reduced demand for the metal. This led to the industrial trading at Rs.39,800 per gram on the 23rd and the 24th.
    September 2017 - Week 4 (25th-30th)
    • Trading commenced in Trivandrum with the white metal trading at Rs.39,600 per kg on the 25th.
    • The 26th witnessed festive demand surging with the arrival of Dussehra. Increased festive purchases in the local market pushed silver prices up to Rs.40,500 per gram.
    • However, demand dropped globally with the dollar dominating other apex currencies, resulting in prices plunging to Rs.39,500 per kg on the 27th.
    • Steady demand from industrial units and coin makers resulted in silver prices staying static at Rs.39,800 per kg for the rest of the week.

    Trend of Silver Rate in Trivandrum for August 2017 (rates per kg)

    Parameters Silver price (per 1 kg)
    Silver Rate on 1st August Rs.38,900 per kg
    Silver Rate on 31st August Rs.40,000 per kg
    Highest Rate in August Rs.40,200 per kg on 29 August
    Lowest Rate in August Rs.37,500 per kg from 7-9 August
    Overall Monthly Performance Incline
    Percentage Change 2.82%

    August ‘17- Week 1 (1st to 6th)

    • Silver price in Trivandrum fluctuated due to conflicting cues from markets, with the industrial metal opening at Rs.38,900 per kg on 1 August.
    • Prices were on the decline as there was a drop in demand from industrial units as the dollar rate was recovering, making imports more expensive.
    • The relative stability on the geopolitical front led to a rise in the markets, leading to lower demand for the industrial metal.
    • Silver rate in Trivandrum fell to Rs.38,100 per kg on 3 August before dropping to Rs.37,800 per kg on 5 August.
    • A lack of local demand also contributed to the decline in price, as silver ended the week trading at Rs.37,800 per kg on 6 August.

    August ‘17- Week 2 (7th to 13th)

    • Demand for silver continued to be poor, with the metal trading at Rs.37,500 per kg on 7 August as prices dropped over the weekend.
    • There was no change in the price as demand for silver stagnated, with reduced demand ahead of the release of U.S. jobs market data.
    • As growth rates an employment figures were lower than expected, markets dropped and demand for silver rose.
    • Silver rate in Trivandrum was at Rs.38,900 per kg on 10 August with the price surging to Rs.39,500 per kg on 11 August.
    • The resumption of hostilities between the U.S. and North Korea led to markets spiralling downwards and higher demand for safe-haven assets like silver.
    • There was no change as the week ended on 13 August, as silver closed the week at Rs.39,500 per kg.

    August ‘17- Week 3 (14th to 20th)

    • Silver was priced at Rs.39,500 per kg on 14 August as demand was steady following a tense week on the geopolitical front.
    • A weakening of the U.S. dollar rate on the global currency markets led to an increase in demand for silver by coin makers, which kept prices steady.
    • Demand fluctuated marginally as silver price in Trivandrum fell to Rs.39,300 per kg on 18 August.
    • Industrial demand from Asia was on the decline as growth figures from China caused some alarm, leading to a drop in silver prices.
    • Silver prices recovered to end the week at Rs.39,400 per kg on 20 August as local demand kept prices from dropping too steeply as overseas demand fell.

    August ‘17- Week 4 (21st to 27th)

    • Demand fell as the week began as there was reduced demand from overseas markets, which led to silver being priced at Rs.39,100 per kg on 21 August.
    • Prices fluctuated in the subsequent days, with the metal rising to Rs.39,400 per kg on 22 August before falling to Rs.39,200 per kg on 23 August.
    • A strengthening of the dollar rate as well as volatile demand was attributed to the shifting rate of the metal.
    • Prices stabilised as the week progressed, with silver trading at Rs.39,400 per kg on 24 August.
    • A relatively incident-free week led to stability in the price of silver as the metal traded at Rs.39,500 per kg on 27 August.

    August ‘17- Week 5 (28th to 31st)

    • A rise in the price of silver was recorded in the last week of August as local demand was on the rise.
    • Silver opened the week trading at Rs.39,600 per kg on 28 August before moving to Rs.40,200 per kg on 29 August on steady demand from overseas markets.
    • The threat of another missile test by North Korea had markets and economies shaky, which led to higher demand for assets like bullion.
    • Silver price in Trivandrum was more or less steady for the remainder of the week, with the metal ending the month at Rs.40,000 per kg and recording a 2.82% rise in price over the month.
    Parameters Silver price
    July 1 Rate Rs.39,600 per kg
    July 31 Rate Rs.38,700 per kg
    Highest Rate in July Rs.39,600 per kg on 1 & 2 July
    Lowest Rate in July Rs.37,000 per kg on 10 July
    Overall Monthly Performance Decline
    Percentage Change -2.27%

    July ‘17- Week 1 (1 to 9)

    • The price of silver in Trivandrum was on the decline in the first week of July due to conflicting global cues as well as declining demand from industrial units.
    • Silver was priced at Rs.39,600 per kg on 1 July, with the price remaining constant for the next few days as demand was stable.
    • Prices fell to Rs.38,800 per kg on 4 July as the dollar strengthened ahead of American Independence Day, which led to demand for silver falling.
    • Prices dipped to Rs.38,000 per kg on 7 July as positive data from the U.S. bolstered the markets as well as the dollar.
    • Silver price in Trivandrum fell steeply as the week drew to a close, trading at Rs.37,700 per kg on 8 & 9 July due to a decrease in demand.

    July ‘17- Week 2 (10 to 16)

    • Silver rate in Trivandrum continued to fluctuate in the second week of July as the G20 summit and ongoing political crises in Europe and the United States led to volatile markets.
    • Silver opened the week at Rs.37,000 per kg on 10 July and rose to Rs.38,000 per kg on 12 July, boosted by a plummeting U.S. dollar and poorly performing stocks.
    • Demand began to fall as the markets recovered following a slight slump, resulting in silver trading at Rs.37,300 per kg on 15 July.
    • Prices were more or less stable, trading at Rs.37,300 per kg on 16 July as the week ended on a dampener due to static demand.

    July ‘17- Week 3 (17 to 23)

    • Silver demand rose as industrial units ramped up orders in the third week of July, as silver traded at Rs.37,400 per kg on 17 July before rising to Rs.37,800 per kg from 18-20 July.
    • The rise in international demand led to domestic demand also increasing, which in turn led to silver prices rising to Rs.38,400 per kg on 22 July.
    • Fluctuations in markets due to ongoing geopolitical crises as well as the scandals surrounding the White House resulted in the dollar falling against other global currencies, encouraging higher demand from Asian countries.
    • Silver price in Trivandrum remained unchanged as the week ended, trading at Rs.38,400 per kg on 23 July.

    July ‘17- Week 4 (24 to 31)

    • Changes in the rate of silver in Trivandrum were marginal in the last week of July as consumers and industrial units maintained a static demand pattern.
    • Silver opened the week at Rs.38,300 per kg on 24 July, with the price remaining the same on 25 July as well.
    • A minor dip in the price was observed on 26 July, when silver fell to Rs.38,100 per kg due to a decline in local demand.
    • As the industry was acclimatised to the additional taxes following the imposition of GST, demand for silver slowly rose, as the white metal traded at Rs.38,700 per kg on 27 July.
    • Demand fluctuated as the week progressed, with volatile markets dictating prices, resulting in silver trading at Rs.38,700 per gram on 29 July.
    • There was no change as the month ended, with silver rate in Trivandrum was at Rs.38,700 per kg on 31 July and losing 2.27% of its value over the course of the month.
    Parameters Silver price
    June 1 Rate Rs.40,500 per kg
    June 30 Rate Rs.39,100 per kg
    Highest Rate in June Rs.40,600 per kg from 5-8 June
    Lowest Rate in June Rs.38,600 per kg on 20 & 21 June
    Overall Monthly Performance Decline
    Percentage Change -3.45%

    June ‘17- Week 1 (1st to 4th)

    • Silver prices in Trivandrum fluctuated due to conflicting cues from overseas markets, as the month opened at Rs.40,500 per kg on 1 June.
    • Prices dipped to Rs.39,800 per kg on 2 June due to a drop in demand from industrial units in Asia.
    • Silver prices rose to Rs.40,400 per gram on 3 & 4 June as the U.S. dollar fell due to continued political turmoil in the United States of America.

    June ‘17 - Week 2 (5th to 11th)

    • Prices began the week trading at the highest price for the month, rising to Rs,40,600 per kg on 5 June.
    • Silver demand was high as poor data from the U.S. jobs market coupled with faltering stock markets led to higher demand for bullion.
    • Local demand was also on the increase as import rates were low, which kept prices stable at Rs.40,600 per kg till 8 June.
    • Demand dropped towards the end of the week as the U.S. dollar rate stabilised, which led to silver trading at Rs.40,200 per kg on 9 June.
    • Prices continued to drop as the markets steadied, with silver dropping to Rs.39,900 per kg on 11 June.

    June ‘17- Week 3 (12th to 18th)

    • Prices continued to fall as the markets revived which led to lowered interest from consumers and industry alike.
    • Silver was priced at Rs.39,700 per kg on 12 June and prices fell further to Rs.39,300 per kg on 13 June due to the steady decline in demand from local industrial units.
    • Prices fluctuated slightly, trading at Rs.39,200 per kg on 14 June.
    • In spite of the impending implementation of GST, consumer demand for silver was poor. which led to prices falling to Rs.39,100 per kg on 16 June.
    • Marginal decreases in demand led to silver ending the week trading at Rs.39,000 per kg on 18 June.

    June ‘17- Week 4 (19th to 25th)

    • Silver prices began the week at Rs.38,700 per kg on 19 June, with the price falling from the previous week due to continued poor demand.
    • Prices dropped to Rs.38,600 per kg on 21 June as local demand rose due to the impending imposition of the new tax regime at the end of the month.
    • U.S. markets fluctuated as the dollar rate was poor but stocks recovered over the weekend, lowering demand for bullion.
    • Demand from Asian markets helped prices rise to Rs.39,000 per kg on 24 June and ended the week trading at Rs.39,000 per kg on 25 June.

    June ‘17- Week 5 (26th to 30th)

    • The last week of June saw silver prices open at Rs.39,000 per kg on 26 June as demand was steady due to increased demand from coin makers and local industrial units.
    • Prices dropped to Rs.38,700 per kg on 27 June due to minor fluctuations in demand due to the dollar rate.
    • A decline in demand for silver among local industrial units kept prices low, although international demand was strong.
    • Silver traded at Rs.39,300 per kg on 28 June before falling to Rs.39,100 per kg on 30 June, which led to silver losing over 3.45% of its value over the course of the month.
    Parameters Silver Price in Trivandrum
    May 1st Rate Rs.40,600 per kg
    May 31st Rate Rs.40,500 per kg
    Highest Rate in May Rs.40,600 per kg on 1st of May
    Lowest Rate in May Rs.38,100 per kg on 11th and 12th of May
    Overall Performance Decline
    Percentage Change -0.24%

    May 2017 - Week 1 (1st - 7th):

    • In Trivandrum, silver prices seemed to hit a bottom within the first week of May’s trading as demand for the metal took a hit.
    • On the 1st of May, silver was trading at Rs.40,600 per kg - which happened to be the highest rate for the entire month.
    • After demand dipped significantly, silver rates went down by Rs.1,100 to reach Rs.39,500 per kg on the 2nd.
    • Prices fell for the third day in a row as they were recorded at Rs.39,300 per kg on the 3rd of May.
    • On the 4th, silver prices went down again to Rs.38,500 per kg - a Rs.800 decrease - as demand from local jewellers went down.
    • Due to a marked increase from buyers, silver prices remained level on the 5th but went down slightly on the 6th to reach Rs.38,400 per kg.
    • When the week drew to a close, silver was still trading at Rs.38,400 per kg.

    May 2017 - Week 2 (8th - 14th):

    • When trading began on the 8th of May, silver prices were still holding at Rs.38,400 per kg but fell to Rs.38,200 per kg on the 9th.
    • On the 10th, silver prices hit a new low as they went down to Rs.38,100 per gram and remained unchanged on the 11th as well.
    • Prices on the 10th and the 11th were the lowest silver prices recorded for the month.
    • Over the next few days, silver prices began to increase gradually, signalling an uptick in demand.
    • On the 12th, silver was priced at Rs.38,200 per kg, which then went up to Rs.38,300 per kg on the 13th.
    • During the last day of the week - on 14th - silver prices were seen holding at Rs.38,300 per kg as there was a sustained demand in the local market.

    May 2017 - Week 3 (15th - 21st):

    • As demand went up during the closing hours of the week, silver rates went up to Rs.38,400 per kg on the 15th.
    • Rates were recorded at Rs.38,400 per kg during the 16th and the 17th as demand consolidated, while also showing signs that it could go up.
    • The 18th saw silver prices go up significantly after two weeks of mediocre trading to reach Rs.39,200 per kg.
    • However, the Rs.600 increase seen during the previous business day seemed like a one-off as prices went down to Rs.38,900 per kg on the 19th.
    • But, demand fluctuated again - this time for the positive - for silver rates to go up to Rs.39,200 at the end of the 20th.
    • Prices didn’t change when the week came to an end, thanks to a relatively safe consolidation period.

    May 2017 - Week 4 (22nd - 28th):

    • The first two days of week 4 i.e., the 22nd and the 23rd, didn’t see any change in silver prices as they still remained at Rs.39,200 per kg.
    • On the 24th, prices went up by Rs.500 to reach Rs.39,700 per kg paving the way for a late surge towards the end of the month.
    • Prices increased to Rs.40,000 per kg on the 25th and remained there till the closing hours of the 26th.
    • Over the final two days of May week 4, silver prices were recorded at Rs.40,300 per kg.

    May 2017 - Week 5 (29th - 31st):

    • When the final week of May began in Trivandrum, silver was trading at Rs.40,200 per kg - a small dip of Rs.100 from the previous day.
    • However, rates went up to Rs.40,500 per gram on the 30th and remained there till the end of the week and the month.
    • Overall, silver prices saw a decline of just Rs.100, when compared to the rates on the 1st of the month.
    • Despite some late rally, silver price trends still remained on the negative side as a decline of 0.24% was recorded in Trivandrum.
    April 1st Rate Rs.42,500 per kg
    April 30th Rate Rs.40,600 per kg
    Highest Rate in April Rs.42,900 per kg on 4th and 15th and 16th of April
    Lowest Rate in April Rs.40,600 per kg from 27th of April to 30th of April
    Overall Performance Decline
    Percentage Change -4.47%

    April ‘17 - Week 1 (1st to 9th)

    • Silver opened at Rs.42,500 per kg on the first day of April in the city of Trivandrum. However, this rate of silver was not sustained and the price of this metal reduced the next day on account of the U.S. Fed Reserve’s tone about the rate of interest which was dovish in nature.
    • Slow U.S. market data was another factor that added to the fall in the rates.
    • On the 3rd of April, silver was priced at Rs.42,300 per kg and increased by Rs.600 the next day. This increase in silver rate could be attributed to high demand for silver from industrialists.
    • However, this price was not sustained as the value of the U.S. dollar increased on the 5th of April resulting in silver being priced at Rs.42,600 per kg.
    • The next day, the rate of silver reduced by Rs.100 resulting in silver trading at Rs.42,500 per kg. This rate was noted until the end of the first week of April.

    April ‘17 - Week 2 (10th to 16th)

    • During the second week of April, a number of variations were noted in the price of silver as a result of fluctuation in demand from coin makers.
    • On the 10th of April, silver traded at Rs.41,600 per kg as a result of reduced demand for this metal. The rate of silver fell the next day by Rs.400 on the 11th of April to trade at Rs.41,200 per kg.
    • However, as the value of the dollar fell, the price of silver saw a recovery over the next few days.
    • Silver was priced at Rs.42,500 per kg on the 12th of April and increased to trade at Rs.42,600 per kg on the 13th of April.
    • As the demand for this metal increased, the rate of silver rose as well with this metal trading at Rs.42,900 per kg on the 15th and 16th of April. This rate was also the highest at which this metal traded.

    April ’17- Week 3 (17th to 23rd)

    • The rate seen during the end of the previous week was not repeated on the 17th of April, with silver trading at Rs.42,800 per kg.
    • The rate of silver continued to reduce over the next two days as well with silver trading at Rs.42,500 per kg and Rs.42,300 per kg on the 18th and 19th of April respectively.
    • Due to a rise in the value of the rupee on the 20th of April, customers were presented with a good opportunity to purchase this metal which was priced at Rs.42,300 per kg.
    • However, as demand for this metal fell, the rate of silver reduced as well.
    • On the last two days of the third week of April, silver was priced at Rs.41,900 per kg.

    April ’17- Weeks 4 (24th to 30th)

    • Silver was priced at Rs.41,500 per kg on the 21st of April and this rate was noted on the 25th of April as well.
    • As the value of the U.S. dollar increased, the rate of silver continued to reduced.
    • On the 26th of April, this precious metal was priced at Rs.40,700 per kg and fell the next day due to geopolitical factors. Emmanuel Macron, a centrist candidate won the first round of the presidential elections in France.
    • Due to steady but low demand for this metal, the price of silver was Rs.40,600 per kg from the 27th of April to the 30th of April in Trivandrum.
    • At the end of the month, a decline of 4.47% was noted in the price of silver in Trivandrum.
    March 1st Rate Rs. 43,900 per kg
    March 31st Rate Rs. 42,100 per kg
    Highest Rate in March Rs. 44,000 per kg on 2nd March
    Lowest Rate in March Rs. 40,300 per kg on 15th March
    Overall Performance Decrease
    Percentage Change -4.10%

    March ‘17 - Week 1 (1st to 5th)

    • Silver rates in Trivandrum were recorded at Rs.43,900 per kg on the 1st of March.
    • Rates inclined by Rs.100 on the second day of the month to escalate to Rs.44,000 per kg, making it the highest recorded rate in the month of March.
    • Silver rates were subject to a decrease by Rs.1300 on the third of March owing to a decrease in demand from industrialists and coin makers, dragging them down to Rs.42,700 per kg.
    • Rates inclined by Rs.600 on the 4th and rose to Rs.43,300 where they remained for another week to close the week at a decrease of Rs.600 in comparison with the start of the week.

    March ‘17 - Week 2 (6th to 12th)

    • The rate of silver on the opening day of the second week of March was Rs.42,800, recording a decrease of Rs.500 from the closing levels of the previous week.
    • Rates remained unchanged on the second day of the week thanks to consistent demand and the lack of any major international events.
    • On the 8th of March, silver rates fell by Rs.700 to settle at Rs.42,100 per kg, after which another decrease by Rs.600 on the 9th of the month saw them dip to Rs.41,500 per kg.
    • Silver rates remained stable on the 10th of March as no changes were recorded from the 9th.
    • Rates then fell by Rs.300 to Rs.41,200 on the 11th of March, and they remained unchanged for the following few days as demand grew stable.
    • Silver closed the second week of March at a decrease of Rs.1600 in comparison with the first day of the week.

    March ’17- Week 3 (13th to 19th)

    • Rates on the first day of the third week of March were stable from their previous levels, trading at Rs.41,200 per kg on the 13th and 14th of March.
    • Silver rates tumbled again on the 15th of the month, when they hit Rs.40,300, making it the lowest recorded rate of the metal during March.
    • Rates inclined by Rs.900 on the 16th and went back to their previous levels of Rs.41,200 per kg.
    • A drop in rates by Rs.400 on the 17th saw them fall to Rs.40,800 per kg, after which an incline by Rs.100 saw them stand at Rs.40,900 per kg on the 18th and 19th of March.

    March ’17- Week 4 (20th to 26th)

    • Silver opened the penultimate week of the month at Rs.41,100 per kg, marking a small incline from the closing levels of the previous week.
    • On the 21st of March, rates decreased by Rs.300 to settle at Rs.40,800 per kg, and then inclined by Rs.400 on the 22nd to settle at Rs.41,200 per kg.
    • Rates remained stable on the 23rd before an incline of Rs.100 saw them rise to Rs.41,300 per kg on the 24th of March.
    • Rates inclined by Rs.400 on the 25th of March and remained unchanged on the 26th as well, closing the penultimate week of the month at Rs.41,700 per kg.

    March ’17 – Week 5 (27th to 31st)

    • The rate of silver on the first day of the last week of March was recorded at Rs.41,700 per kg as there was no change in rates from the closing levels of the fourth week.
    • On the 28th of March, an incline by Rs.400 saw rates rise to Rs.42,100 per kg, and stable demand ensured that rates remained the same until the end of the month.
    • The overall decrease in rates from the first day of the month to the last was 4.10%.
    February 1st Rate Rs.41,500 per kg
    February 28th Rate Rs.43,900 per kg
    Highest Rate in February Rs.43,900 per kg on 28th February
    Lowest Rate in February Rs.41,500 per kg from 1st-7th February
    Overall Performance Incline
    Percentage Change +5.78%

    February ‘17 - Week 1 (1st to 5th)

    • The price of silver in Trivandrum was stable in the first week of February, with no fluctuations seen in the price due to demand being constant.
    • Silver was priced at Rs.41,500 per kg on 1st February, with the price remaining unchanged for the rest of the week.
    • Overseas demand rose due to a decrease in the price of the U.S. Dollar, but prices in Trivandrum were unaffected as local demand kept prices constant.

    February ‘17 - Week 2 (6th to 12th)

    • Silver prices began the week trading at Rs.41,500 per kg on 6th February as demand continued to remain constant from the previous week.
    • Prices rose marginally to trade at Rs.42,700 per kg on 8th February, as demand rose due to fluctuating markets in the United States.
    • Industrial demand rose, leading to silver prices rising to Rs.43,000 per kg on 11th February.
    • A rise in the U.S. Dollar on the possibility of an interest rate hike led to a dip in demand for silver, resulting in prices falling to Rs.42,400 per kg on 12th February to record a rise of Rs.900 per kg during the week.

    February ’17- Week 3 (13th to 19th)

    • Silver prices were more or less steady in the third week of February as local demand regularized prices in spite of fluctuations in demand.
    • Silver traded at Rs.43,200 per kg on 13th February as demand strengthened on weak trading across global markets.
    • Prices dipped as demand from coin makers fell, resulting in silver trading at Rs.43,000 per kg on 14th February, with the price remaining unchanged till 15th February.
    • Prices rose marginally to trade at Rs.43,300 per kg on 16th February as demand from industrial units increased due to a fluctuating U.S. Dollar.
    • The week ended with silver trading at Rs.43,500 per kg on 19th February, registering a weekly increase in price of Rs.300 per kg.

    February ’17- Weeks 4 & 5 (20th to 28th)

    • The last two weeks of February saw the price of silver remain more or less constant as local demand kept prices stable.
    • Silver traded at Rs.43,300 per kg on 20th February, with the price falling marginally to Rs.43,200 per kg on 2nd February due to a drop in demand.
    • Prices recovered towards the middle of the week, trading at Rs.43,400 per kg on 24th February, as political turbulence led to markets faltering, thereby increasing demand for bullion.
    • An increase in demand from coin makers helped push prices to Rs.43,800 per kg on 27th February.
    • The month ended with silver trading at Rs,43,900 per kg on 28th February, recording an overall increase of 4.78% during the month.
    January 1st Rate Rs.39,900 per kg
    January 31st Rate Rs.41,500 per kg
    Highest Rate in January Rs.41,700 per kg on 23rd January
    Lowest Rate in January Rs.39,200 per kg on 2nd January
    Overall Performance Incline
    Percentage Change +4.01%

    January ‘17 - Week 1 (1st to 7th)

    • Silver prices in Trivandrum increased in the first week of January though there was some volatility due to fluctuating demand.
    • Silver traded at Rs.29,900 per kg on 1st January but prices fell to Rs.39,200 per kg on 2nd January due to a drop in local demand for the metal.
    • Silver prices continued to trade low though prices steadily rose during the week, reaching Rs.40,300 per kg on 5th January.
    • Prices remained stable as the week ended, with silver trading at Rs.40,300 per kg on 7th January, registering a weekly increase of Rs.400 per kg.

    January ‘17 - Week 2 (8th to 14th)

    • Silver prices recorded an overall increase during the week, though demand continued to be sluggish.
    • Silver was priced at Rs.40,300 per kg on 8th January, with the price falling to Rs,40,200 per kg on 9th January due to a dip in industrial demand.
    • Prices recovered and rose on positive cues from international markets, trading at Rs.40,500 per kg on 10th January and rising to Rs.41,200 per kg on 12th January.
    • A recovery by global markets led to a decline in demand for silver, which resulted in prices falling to Rs.40,600 per kg on 13th January.
    • Silver ended the week trading at Rs.40,700 per kg on 14th January, recording an increase of Rs.400 per kg during the week.

    January ’17- Week 3 (15th to 21st)

    • Silver prices did not reflect much change during the week due to stagnating demand.
    • Silver traded at Rs.40,700 per kg on 15th January and prices rose to Rs.41,200 per kg on 16th January.
    • An increase in industrial demand led to silver trading at Rs,41,500 per kg on 18th January but prices dropped in the subsequent days.
    • Silver ended the week trading at Rs.41,100 per kg on 21st January due to a drop in demand from coin makers and a reduction in local demand.

    January ’17- Weeks 4 & 5 (22nd to 31st)

    • The last two weeks of January saw silver prices fluctuate due to variations in demand, as silver began the week trading at Rs.41,100 per kg on 22nd January.
    • Prices rose to a monthly high of Rs.41,700 per kg on 23rd January but soon dropped due to declining demand.
    • Silver traded at Rs.41,400 per kg on 25th January and remained constant for a few days.
    • In contrast to other regions, prices fell to Rs.40,500 per kg on 28th January as local demand fell sharply.
    • Prices recovered marginally as the month ended, with silver trading at Rs.41,500 per kg on 31st January, recording on overall increase in price of 4.01%.

    Silver as an investment

    Silver, also known as ‘poor man’s gold’ is in demand as it is within the reach of most consumers (10 grams of silver coin costs around Rs.340) apart from being viewed as a safe hedge against inflation. For many consumers in Trivandrum, sterling grade silver is considered a good mode of investment in the long term. Also known as grade 925, sterling grade is made up of 92.5% silver and 7.5% copper or any other metal.

    Physical silver: Many consumers in Trivandrum buy silver coins and bars. Silver is also sought in the form of silverware and traditional ornaments. There are several major jewellery stores in Trivandrum which offer various kinds of silver articles. Attractive items of jewellery such as toe-rings, necklaces and bracelets among many others are also sold.

    Silver contracts: Silver is traded in National Multi Commodity Exchange (NMCE), Multi Commodity Exchange (MCX) and National Commodity & Derivatives Exchange (NCDEX). SILVERM is traded in units of 5 kg while Silver micro is traded in 1 kg (unit).

    Silver rate in Trivandrum

    Silver rate in Trivandrum depends on a host of factors influenced by various geo-political and economic developments. 1 kg of the precious metal was pegged at Rs.40197 at the start of 2015 but decreased by -5.9% to Rs.37800. The price of silver continued to slide in the following months of March and April barring a mini rally in May where the 1 kg of silver was pegged at Rs.40530. The price of silver plummeted by -8.1% to Rs.37237. The downward slide continued in June and July before rising marginally by 2.6% at Rs.36147 in August. The price of silver fell by -3.0% to Rs.35049 in September. The months of October and November witnessed a similar trajectory as price of 1 kg of silver fell by around -2.2%. The precious metal was pegged Rs.34343 in December.

    Also Check Silver Price in NearBy Cities of Trivandrum

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    Also Know: Gold Rate in Trivandrum

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