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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.
Also Know: Gold Rate in Trivandrum
Trend of Silver Rate in Trivandrum for April 2022 (rates per kg)
| Parameters |
Silver Price (per kg) |
| April 1 Rate |
Rs.71,700 per kg |
| April 30 Rate |
Rs.69,500 per kg |
| Highest Rate in April |
Rs.75,200 on 18 April |
| Lowest Rate in April |
Rs.68,800 per kg on 28 April and 29 April |
| Overall Monthly Performance |
Decline |
| Percentage Change |
-3.06% |
Trend of Silver Rate in Trivandrum for March 2022 (rates per kg)
| Parameters |
Silver Price (per kg) |
| March 1 Rate |
Rs.70,000 per kg |
| March 28 Rate |
Rs.71,300 per kg |
| Highest Rate in March |
Rs.77,600 on 9 March |
| Lowest Rate in March |
Rs.70,000 per kg on 1 March |
| Overall Monthly Performance |
Incline |
| Percentage Change |
1.85% |
Trend of Silver Rate in Trivandrum for February 2022 (rates per kg)
| Parameters |
Silver Price (per kg) |
| February 1 Rate |
Rs.65,300 per kg |
| February 28 Rate |
Rs.70,100 per kg |
| Highest Rate in February |
Rs.70,600 per kg on 24 February |
| Lowest Rate in February |
Rs.64,900 per kg on 7 February |
| Overall Monthly Performance |
Incline |
| Percentage Change |
7.35% |
Trend of Silver Rate in Trivandrum for January 2022 (rates per kg)
| Parameters |
Silver Price (per kg) |
| January 1 Rate |
Rs.66,600 per kg |
| January 31 Rate |
Rs.65,400 per kg |
| Highest Rate in January |
Rs.69,300 on 21 January |
| Lowest Rate in January |
Rs.64,300 per kg on 10 January |
| Overall Monthly Performance |
Decline |
| Percentage Change |
-1.80% |
Trend of Silver Rate in Trivandrum for December 2021 (rates per kg)
| Parameters |
Silver Price (per kg) |
| December 1 Rate |
Rs.66,300 per kg |
| December 31 Rate |
Rs.66,000 per kg |
| Highest Rate in December |
Rs.66,300 on 1, 28, and 29 December |
| Lowest Rate in December |
Rs.64,600 per kg on 15 December |
| Overall Monthly Performance |
Decline |
| Percentage Change |
-0.45% |
Trend of Silver Rate in Trivandrum for November 2021 (rates per kg)
| Parameters |
Silver Price (per kg) |
| November 1 Rate |
Rs.68,700 per kg |
| November 30 Rate |
Rs.66,500 per kg |
| Highest Rate in November |
Rs.71,700 on 13 and 14 November |
| Lowest Rate in November |
Rs.66,500 per kg on 30 November |
| Overall Monthly Performance |
Decline |
| Percentage Change |
-3.20% |
Trend of Silver Rate in Trivandrum for October 2021 (rates per kg)
| Parameters |
Silver Price (per kg) |
| October 1 Rate |
Rs.63,700 per kg |
| October 31 Rate |
Rs.68,900 per kg |
| Highest Rate in October |
Rs.70,300 on 25 October |
| Lowest Rate in October |
Rs.63,700 per kg on 1 October |
| Overall Monthly Performance |
Incline |
| Percentage Change |
8.16% |
Trend of Silver Rate in Trivandrum for September 2021 (rates per kg)
| Parameters |
Silver Price (per kg) |
| September 1 Rate |
Rs.68,700 per kg |
| September 30 Rate |
Rs.63,000 per kg |
| Highest Rate in September |
Rs.69,600 per kg from 4 to 7 September |
| Lowest Rate in September |
Rs.63,000 per kg on 30 September |
| Overall Monthly Performance |
Decline |
| Percentage Change |
-8.29% |
Trend of Silver Rate in Trivandrum for August 2021 (rates per kg)
| Parameters |
Silver Price (per kg) |
| August 1 Rate |
Rs.73,000 per kg |
| August 31 Rate |
Rs.68,400 per kg |
| Highest Rate in August |
Rs.73,100 per kg on 2 and 4 August |
| Lowest Rate in August |
Rs.66,600 per kg on 21 and 22 August |
| Overall Monthly Performance |
Decline |
| Percentage Change |
-6.30% |
Trend of Silver Rate in Trivandrum for July 2021 (rates per kg)
| Parameters |
Silver Price (per kg) |
| July 1 Rate |
Rs.74,100 per kg |
| July 31 Rate |
Rs.73,000 per kg |
| Highest Rate in July |
Rs.75,000 per kg on 5 July |
| Lowest Rate in July |
Rs.71,400 per kg on 28 July |
| Overall Monthly Performance |
Decline |
| Percentage Change |
-1.48% |
Trend of Silver Rate in Trivandrum for June 2021 (rates per kg)
| Parameters |
Silver Price (per kg) |
| June 1 Rate |
Rs.72,600 per kg |
| June 30 Rate |
Rs.72,900 per kg |
| Highest Rate in June |
Rs.77,300 per kg on 12 and 13 June |
| Lowest Rate in June |
Rs.70,800 per kg on 4 June |
| Overall Monthly Performance |
Incline |
| Percentage Change |
0.41% |
Trend of Silver Rate in Trivandrum for May 2021 (rates per kg)
| Parameters |
Silver Price (per kg) |
| May 1 Rate |
Rs.72,800 per kg |
| May 31 Rate |
Rs.72,000 per kg |
| Highest Rate in May |
Rs.78,600 per kg on 18 May |
| Lowest Rate in May |
Rs.70,500 per kg on 14 May |
| Overall Monthly Performance |
Decline |
| Percentage Change |
1.09% |
Trend of Silver Rate in Trivandrum for April 2021 (rates per kg)
| Parameters |
Silver Price (per kg) |
| April 1 Rate |
Rs.68,500 per kg |
| April 30 Rate |
Rs.72,800 per kg |
| Highest Rate in April |
Rs.74,600 per kg on 23 April |
| Lowest Rate in April |
Rs.68,500 per kg on 1 April |
| Overall Monthly Performance |
Incline |
| Percentage Change |
6.27% |
Trend of Silver Rate in Trivandrum for March 2021 (rates per kg)
| Parameters |
Silver Price (per kg) |
| March 1 Rate |
Rs.73,300 per kg |
| March 31 Rate |
Rs.67,300 per kg |
| Highest Rate in March |
Rs.73,300 per kg on 1 March |
| Lowest Rate in March |
Rs.67,300 per kg on 31 March |
| Overall Monthly Performance |
Decline |
| Percentage Change |
-8.19% |
Trend of Silver Rate in Trivandrum for February 2021 (rates per kg)
| Parameters |
Silver Price (per kg) |
| February 1 Rate |
Rs.78,100 per kg |
| February 28 Rate |
Rs.67,500 per kg |
| Highest Rate in February |
Rs.78,100 per kg on 1 February |
| Lowest Rate in February |
Rs.67,300 per kg on 5 February |
| Overall Monthly Performance |
Decline |
| Percentage Change |
-13.57% |
Trend of Silver Rate in Trivandrum for January 2021 (rates per kg)
| Parameters |
Silver Price (per kg) |
| January 1 Rate |
Rs.72,000 per kg |
| January 31 Rate |
Rs.69,800 per kg |
| Highest Rate in January |
Rs.72,000 per kg on 1 January – 3 January |
| Lowest Rate in January |
Rs.63,900 per kg on 9 January – 11 January |
| Overall Monthly Performance |
Decline |
| Percentage Change |
3.05% |
Trend of Silver Rate in Trivandrum for December 2020 (rates per kg)
| Parameters |
Silver Price (per kg) |
| December 1 Rate |
Rs.64,600 per kg |
| December 31 Rate |
Rs.72,300 per kg |
| Highest Rate in December |
Rs.74,100 per kg on 21 December |
| Lowest Rate in December |
Rs.63,400 per kg on 10 December |
| Overall Monthly Performance |
Incline |
| Percentage Change |
11.9% |
Trend of Silver Rate in Trivandrum for November 2020 (rates per kg)
| Parameters |
Silver Price (per kg) |
| November 1 Rate |
Rs.60,100 per kg |
| November 30 Rate |
Rs.63,300 per kg |
| Highest Rate in November |
Rs.70,000 per kg on 7 November |
| Lowest Rate in November |
Rs.60,100 per kg on 1 November |
| Overall Monthly Performance |
Incline |
| Percentage Change |
5.32% |
Also Check Silver Price in NearBy Cities of Trivandrum
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.
