Silver Rate in Trivandrum

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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 September 2018 (rates per gram)

Parameters	Silver price (per kg)
September 1 Rate	Rs.40,000 per kg
September 30 Rate	Rs.41,200 per kg
Highest Rate in September	Rs.41,200 per kg on 29 and 30 September
Lowest Rate in September	Rs.39,500 per kg on 5, 7, 15-16 September
Overall Monthly Performance	Incline
Percentage Change	3%

Trend of Silver Rate in Trivandrum for August 2018 (rates per gram)

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 on 24 August
Overall Monthly Performance	Decline
Percentage Change	-2.65%

August 2018- Week 1 (1-5)

• Demand for silver was quite stable as the week began, with the white metal trading at Rs.41,400 per kg on sustained industrial demand.
• Prices dipped as the dollar fluctuated, though local demand remained steady as the week progressed.
• Silver traded at Rs.41,000 per kg on 3 August as the falling rupee capped gains though demand was steady.
• The end of the week saw silver prices rise to Rs.41,300 per kg on 5 August, as an influx of orders from Asian industry propped up prices.

August 2018- Week 2 (6-12)

• The second week saw silver prices in Trivandrum continue to fluctuate on declining overseas demand.
• Silver was priced at Rs.41,300 per kg on 6 August, with prices remaining unchanged from the previous week on steady demand.
• The ongoing trade dispute between China and the United States negatively impacted industrial orders from Asia, as prices dropped to Rs.41,100 per kg on 10 August.
• Local demand picked up pace towards the end of the week as the rupee stabilised, with silver trading at Rs.41,200 per kg on 12 August.

August 2018- Week 3 (13-19)

• As the trade crisis worsened, equity markets fluctuated sharply and investors looked to bullion as a safe-haven asset, raising demand for the metal.
• Trading opened with silver priced at Rs.41,200 per kg on 13 August before prices fell marginally due to declining industrial orders.
• Interest in silver from coin makers was muted as the falling rupee made imports more expensive, which impacted silver prices negatively.
• The metal traded at Rs.39,900 per kg on 16 August after the possibility of another interest rate hike reduced investor interest in bullion.
• Prices rose towards the end of the week, as silver traded at Rs.40,000 per kg on 19 August.

August 2018- Week 4 (20-26)

• Silver opened the week at Rs.40,000 per kg on static demand, with prices remaining unchanged for most of the week.
• Sluggish growth from China worried investors, as the yuan fell heavily against the dollar and bullion sales fell.
• Prices rose briefly on 22 August when silver traded at Rs.40,100 per kg but declining demand from local coin makers led to a drop in sales.
• The week ended with silver priced at Rs.40,200 per kg on 26 August as global demand fell.

August 2018- Week 5 (27-31)

• The last week saw silver rates in Trivandrum trade poorly due to stagnant demand, with the metal opening trading at Rs.40,200 per kg on 27 August.
• Prices rose momentarily to trade at Rs.40,400 per kg on 28 August after the dollar fell sharply, but prices could not be sustained and silver fell to Rs.40,300 per kg on 29 August.
• Local industrial units reduced orders due to depreciating rupee but consistent overseas demand kept prices from sliding.
• The month ended with silver trading at Rs.40,300 per kg on 31 August to register a 2.65% loss in value.

Trend of Silver Rate in Trivandrum 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 from 9 - 10 July
Lowest Rate in July	Rs.41,200 per kg from 28 - 29 July
Overall Monthly Performance	Decrease
Percentage Change	-3.27%

July 2018- Week 1 (1-10)

• The month started off with the price of silver commencing at Rs.42,800 per kg.
• Silver prices dropped slightly on 3 July due to declining demand from industrial units. The price of the metal dropped by a few points to Rs.42,400 per kg.
• The silver price in Trivandrum the rose to Rs.42,800 and stood the same for the next few days. This can be associated with the fluctuation in the local industrial offtake.
• During the end of the week, on 9 - 10 July, silver rates in Trivandrum rose to Rs.42,900 per kg. This could be because of positive market trends clubbed with declining dollar rates over other currencies.

July 2018- Week 2 (11-17)

• The silver price in Trivandrum for the second week of July declined from the latter part of last week to Rs.42,600, which can be linked to a decreased demand for the metal.
• Industrial demand for the metal dipped further which in turn decreased the silver price in Trivandrum. The price from 12 - 14 July stood at roughly Rs.42,200.
• Due to stable industrial demand, silver prices continued to be relatively stable. Silver rate in Trivandrum on 16 July stood at Rs.42,300 per kg.
• The price then increased towards the end of the week, and stood at Rs.42,100 per kg on 17 July.

July 2018- Week 3 (18 - 24)

• The price of silver on the third week of July declined when compared to the previous week of July.  The price of the metal on 18 July stood at Rs.41,700 per kg. This can be associated with decreased industrial demand for silver during the same time.
• Due to the rise in dollar value, silver prices fell further to Rs.41,300 per kg on 20 July.
• Demand for the metal increased in the following few days which led to the increment in the silver rate. The price of silver in Trivandrum on 21 - 22 July stood at Rs.41,700 per kg.
• The price of the metal declined towards the end of the week in Trivandrum as it stood at Rs.41,400 per kg on 24 July.

July 2018- Week 4 (25 - 31)

• Steady industrial demand for the metal caused the price of silver to drop to Rs.41,500 per kg on 25 July.
• 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.
• As on 28 - 29 July, the price of silver stood 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 on 30 - 31 July.

Trend of Silver Rate in Trivandrum 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):

• The month began with silver rate in Trivandrum holding at Rs.42,800 per kg on the 1st with steady industrial offtake by local coin manufacturers and industrial units amid positive global cues.
• The 2nd saw silver price plunging to Rs.42,600 per kg as the US dollar regained lost ground against other apex currencies.
• With investors and traders speculating ahead of the G7 summit, the US dollar weakened. This led to silver in Trivandrum being priced at Rs.43,900 per kg on the 6th.
• Trading concluded for the week with silver rate holding at Rs.43,700 per kg on the 10th as local demand stabilised amid firm overseas market trends towards the end of the week.

June 2018 - Week 2 (11 - 17):

• The second week opened with silver in Trivandrum priced at Rs.43,900 per kg on the 11th with domestic markets capitalising on the previous week’s gains.
• With market participants and investors speculating ahead of the US Federal Reserve’s monetary policy meeting, the US dollar weakened. This led to silver rate surging to Rs.45,000 - the highest recorded monthly figure - on the 15th.
• With local demand stabilising over the next couple of days, silver price closed at Rs.44,300 per kg on 17th.

June 2018 - Week 3 (18 - 24):

• Trading commenced for the week with silver priced at Rs.43,400 per kg on the 18th as the US dollar recovered from its previous rally of losses amid the well-performing equity markets.
• With domestic demand weighed upon by the strengthened US dollar, silver price dropped further to Rs.43,100 per kg on the 20th.
• Silver rate was recorded holding at Rs.42,900 per kg on the 21st on account of subdued local demand amid the poor trend overseas.
• The week came to an end with gold rates finishing at Rs.42,900 per kg on the 24th with steady demand from domestic industries and coin manufacturers.

June 2018 - Week 4 (25 - 30):

• The final week began with silver in Trivandrum trading at Rs.43,200 per kg on the 25th due to an increased offtake by industrial units and coin makers despite the weak global cues.
• However, demand for the metal dropped considerably over the next couple of days with the strong greenback weighing on the local markets. Silver rate was recorded holding at Rs.43,000 amid the poor trend overseas.
• The month concluded with silver price holding steady at Rs.42,800 per kg on the 30th.
• Firm market cues overseas coupled with consistent local demand led to silver trade in Trivandrum holding steady during the course of the month.

Trend of Silver Rate in Trivandrum 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):

• Trading commenced for the month with the white metal priced at Rs.42,000 per kg on the 1st amid firm overseas market trends.
• Strong local demand from industries, jewellers and retailers brought about by the weakened US Dollar resulted in prices rising to Rs.42,600 per kg on the 3rd.
• Silver rate in Trivandrum remained steady for much of week with the US-Sino trade war fears pushing demand higher for safe-haven assets such as the bullion.
• The week came to an end with silver price in Trivandrum holding firm at Rs.42,600 per kg on the 6th amid the rising US-North Korean geopolitical tensions.

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

• The week began with silver trading at Rs.43,200 per kg on the 7th following an increase in industrial offtake for the metal.
• With the US-North Korean diplomatic relations intensifying, demand for precious metals such as gold and silver surged during the week.
• Silver was recorded trading at Rs.43,100 per kg on the 9th before surging further to Rs.43,300 per kg on the strong investor demand amid positive market cues.
• The 11th saw silver price in Trivandrum surging to Rs.43,500 per kg as demand from retailers, jewellers and industrial units rose at the domestic level.
• Thanks to steady global as well as domestic demand amid the firm global cues, the rest of the week saw rates remaining untouched at Rs.43,500 per kg.

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

• Trading opened for the week with silver rates holding at Rs.43,600 per kg on the 14th with market participants speculating over the possible US-North Korean summit.
• However, with the greenback rising against a basket of other emerging currencies, demand for the metal plummeted over the next couple of days.
• Silver rate in Trivandrum dropped to Rs.43,300 per kg on the 15th before plunging to Rs.43,000 per kg on the 16th amid the poor trend overseas.
• Silver price in Trivandrum recovered to Rs.43,200 per kg for a brief period on the 17th before dropping again to Rs.43,000 per kg on the 18th with local demand suppressed by the strong US Dollar index.
• The week came to an end with the industrial metal closing slightly higher at Rs.43,100 per kg on the 20th.

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

• The fourth week began with silver rates holding at Rs.43,100 per kg on the 21st with domestic bullion markets tracking a firm trend overseas.
• Safe-haven demand for the metal surged with investors gravitating towards assets such as the bullion to hedge against rising geopolitical concerns in the Middle East and Europe.
• Strong global cues coupled with an increased domestic demand led to silver rate in Trivandrum rising to Rs.43,500 per kg on the 23rd.
• However, with the US Dollar index regaining lost ground from its previous rally of losses, demand for the metal dropped. This led to prices dropping to Rs.43,300 per kg on the 24th.
• Strong domestic demand from industrial units, jewellers, and retailers despite the poor overseas trends led to silver price in Trivandrum remaining untouched at Rs.43,600 per kg for the remainder of the week.

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

• The last week commenced in Trivandrum with silver trading at Rs.43,000 per kg on the 28th with domestic markets failing to capitalise on its previous session’s gains.
• Thanks to an increase in local buying, prices rose marginally to Rs.43,100 per kg on the 29th.
• However, with the US Dollar gaining on positive market sentiments after the US President confirmed the previously cancelled US-North Korea to go ahead as planned, prices dropped to Rs.42,900 per kg on the 30th.
• The month came to an end with silver rate in Trivandrum closing at Rs.43,100 per kg on the 31st, recording an increase of 2.61% in silver trade during the month.

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%

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

• In Trivandrum, Kerala’s capital, silver was priced at Rs.41,400 per kg when trading began for the month of April.
• Due to an increase in demand, silver rate in Trivandrum went up to Rs.41,600 per kg on the 3rd of the month. This rise was also made possible by a weak US dollar, which tumbled after markets weakened.
• However, the markets rallied on the next day, which caused silver rates to drop to Rs.41,000 per kg on the 5th.
• The week drew to a close with silver trading at Rs.41,200 per kg - a slight increase compared to the previous day.

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

• When the second week began on the 8th, silver was priced at Rs.41,200 per kg as demand from local industries remained steady.
• Silver rates in Trivandrum increased on the next day to trade at Rs.41,700 per kg as demand rocketed after markets crashed significantly.
• This happened as news about a potential chemical attack surfaced and demand rose amid a falling US dollar.
• Demand was on the rise in the Asian market as well, and silver price in Trivandrum went up to Rs.42,000 per kg n the 12th, as a result.
• After markets recovered, so did the dollar, leading a slowdown in demand. The metal traded at Rs.41,900 per kg on the final day of this week.

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

• As tensions in Trivandrum opened at Rs.42,100 per kg when the third week of April opened for trading in Trivandrum.
• Local demand also saw a rise due to the situation, and silver rates went up to Rs.42,500 per kg on the 18th of April.
• The Syria conflict added to the ongoing trade stand-off between the US and China pushed precious metal demand around the world.
• In the domestic market, prices went up to Rs.43,700 per kg on the 19th of April before stabilising over the next few days.
• On the 20th, silver traded at Rs.43,800 per kg - the month’s highest rate before seeing a slightly drop the next day.
• The week came to an end with silver price in Trivandrum holding at Rs.43,800 per kg.

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

• The final week of April saw silver price in Trivandrum decline consistently as markets recovered and so did the currencies of all the major countries.
• When trading commenced for the fourth week of April, silver was priced at Rs.43,700 per kg, which seemed to decline consistently over the next few days.
• This dropped to Rs.43,000 on the 23rd as the US dollar bounced back and precious metal demand plummeted.
• Silver traded at Rs.42,800 per kg over the 27th and 28th as demand continued to drop before holding steady.
• April’s trading came to an end with the white metal trading at Rs.42,300 per kg - a massive drop from prices from the beginning of the week.
• An incline of 2.17% was recorded with regards to silver trading in Trivandrum, thanks to massive shifts in the global economy.

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.

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

Silver Rate In Malappuram	Silver Rate In Kochi	Silver Rate In Kozhikode
Silver Rate In Kannur	Silver Rate In Salem	Silver Rate In Coimbatore

Also Know: Gold Rate in Trivandrum