• Silver Rate in Vijayawada

    Daily Silver Rates
    Date Silver (1 gram) Bar Silver (1 Kg)
    11 Dec 2018 ₹ 40.7 ₹ 40,700
    10 Dec 2018 ₹ 40.3 ₹ 40,300
    09 Dec 2018 ₹ 40.3 ₹ 40,300
    08 Dec 2018 ₹ 40.3 ₹ 40,300
    07 Dec 2018 ₹ 39.6 ₹ 39,600
    06 Dec 2018 ₹ 39.5 ₹ 39,500
    05 Dec 2018 ₹ 39.6 ₹ 39,600
    04 Dec 2018 ₹ 39.6 ₹ 39,600
    03 Dec 2018 ₹ 39 ₹ 39,000
    02 Dec 2018 ₹ 38.5 ₹ 38,500

    *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 Vijayawada

    Often referred to as “poor man’s gold” silver also known as white precious metal is looked upon as a valuable and safe investment option across the country including Vijayawada in Andhra Pradesh. Over 60% of silver is bought in rural India. Vijayawada is a major trading and business hub in Andhra Pradesh and has gained more prominence after the bifurcation of the erstwhile united Andhra Pradesh. Silver is widely used in Vijayawada during festive occasions and is most prominent in the display of idols made of silver in addition to traditional silver plates used during various festivities. Silver rates in Vijayawada are influenced by various factors that have global implications. The city currently has a large buyer base for silver and related products.

    Trend of Silver Rate in Vijayawada 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 Vijayawada 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 - 05):

    • In Vijayawada, silver was sold at Rs.41,400 per kg on 01 August 2018. This is also the highest recorded silver rate in Vijayawada for the month of August.
    • However, the price of the metal fell as the industrial demand for silver fell on 02 August and the metal traded at Rs.41,100 per kg.
    • On 04 August, the price of silver surged in Vijayawada as the retail demand for the metal picked up. On this day, silver increased by Rs.200 per kg.
    • On 05 August, silver closed at Rs.41,300 per kg.

    August 2018 - Week 2 (6 - 12):

    • In the second week of August, silver prices in Vijayawada fell continuously.
    • However, on the first day of the week, as the demand from the industrial units was high, silver opened at Rs.41,300 per kg on 06 August.
    • On the other hand, the value of the US dollar increased compared to other currencies as the US unemployment data revealed positive changes for the economy.
    • As the value of the US dollar increased, the price of silver fell to Rs.41,200 per kg.
    • A small hike in silver prices was noted on 09 August when the metal traded at Rs.41,400 per kg. On this day, silver recorded the highest silver rate in Vijayawada for the month of August yet again.
    • As the demand for the metal fell sharply, silver prices quickly fell on 10 August and traded at Rs.41,100 per kg. Throughout the week, demand for the metal played a huge role in determining silver prices in Vijayawada.
    • A small hike in silver prices was noted on the last two days of the week when the metal traded at Rs.41,200 per kg.

    August 2018 - Week 3 (13 - 19):

    • On 13 August, silver continued to trade at Rs.41,200 per kg.
    • On 14 August, as the local demand for the metal fell, there was a sharp fall in silver prices in Vijayawada. On this day, silver traded at Rs.40,900 per kg.
    • As the value of the dollar further increased, silver prices fell further in the city.
    • Though the value of the US dollar increased, the demand for the metal was stable. Due to which, silver prices rose to Rs.41,100 per kg on 15 August.
    • However, due to weak overseas trend, the price of the metal fell to Rs.39,900 per kg on 16 August.
    • Silver traded at Rs.40,000 per kg from 17 to 19 August.

    August 2018 - Week 4 (20 - 26):

    • Silver started at Rs.40,000 per kg on 20 August.
    • On 22 August, the price of silver fell by Rs.100 per kg and traded at Rs.40,100 per kg.
    • However, as the value of the US dollar increased further, silver prices in Vijayawada fell drastically and traded at Rs.39,900 on 23 August.
    • As the local demand for the metal also fell, the lowest silver rate for the month of August in Vijayawada was recorded on 24 August when the metal traded at Rs.39,800 per kg.
    • Silver closed at Rs.40,200 per kg on 26 August.

    August 2018 - Week 5 (27 - 31):

    • As the industrial demand for the metal was stable, silver continued to trade at Rs.40,200 per kg on 27 August.
    • Silver was sold at Rs.40,400 per kg on 28 August.
    • As the value of the US dollar started recovering, silver prices fell marginally during the last two days of the month and closed at Rs.40,300 per kg.

    Trend of Silver Rate in Vijayawada 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 price of silver in Vijayawada in the start of July 2018 commenced at Rs.42,800 per kg.
    • Silver prices in the city then slightly dipped on 3 July that can be associated with the drop in demand in industrial units. The price of the metal plummeted by a few points to Rs.42,400 per kg.
    • The price of the metal in the city then rose to Rs.42,800 and stagnated for the next few days. The variation in local industrial offtake could have been the cause of the increment in silver prices.
    • At the end of week 1 in July, on 9 - 10 July, silver rates in the city increased 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 decline in demand for silver in Vijayawada caused the price of the metal to decline as well. The silver price in Vijayawada for the second week of July declined when compared to the latter part of week 1. The price of the metal during this time stood at Rs.42,600 per kg.
    • Industrial demand for the metal dipped further which in turn decreased the silver price in Vijayawada. The price from 12 - 14 July stood at roughly Rs.42,200 per kg.
    • Due to stable industrial demand, silver prices continued to be relatively stable. The silver rate in Vijayawada 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 in 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.
    • The value of the dollar in comparison with other currencies then rose on 20 July causing the silver price in Vijayawada to drop further. The metal was valued at 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 Vijayawada on 21 - 22 July stood at Rs.41,700 per kg.
    • The price of the metal declined towards the end of the week in Vijayawada 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 per kg on 30 - 31 July.

    Trend of Silver Rate in Vijayawada 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 in Vijayawada with silver priced at Rs.42,800 per kg on the 1st with local demand on the decline amid the strong US greenback and equities.
    • Poor investor demand coupled with weak global cues led to silver rate in Vijayawada dropping to Rs.42,600 per kg - the lowest recorded monthly figure - on the 2nd.
    • Prices remained unaltered at Rs.42,600 per kg until the 5th before surging by Rs.1,300 per kg on the 6th as the US dollar weakened against a basket of other major currencies ahead of the G7 summit.
    • Steady local demand from industrial units and coin makers amid the positive trends overseas led to silver price in Vijayawada holding at Rs.43,700 per kg for the remainder of the week.

    June 2018 - Week 2 (11 - 17):

    • The second week began with the industrial metal priced at Rs.43,900 per kg with steady domestic demand amid the losing greenback and equities.
    • Strong global cues coupled with an increase in investor demand led to silver rate in Vijayawada rising further to Rs.44,000 per kg on the 12th.
    • The 15th recorded the month’s highest figure at Rs.45,000 per kg as the US dollar index lost significant ground after the US Federal Reserve announced its decision to leave the US interest rates untouched at the monetary policy meeting.
    • However, with safe-haven demand stabilising amid the recovering US dollar, rates dropped to Rs.44,300 per kg the next day and silver continued trading at the same prices until the end of the week.

    June 2018 - Week 3 (18 - 24):

    • Trading opened for the week with silver price in Vijayawada holding at Rs.43,400 per kg on the 18th with poor domestic demand amid the recovering US dollar and equities.
    • With the US dollar index gaining significant ground amid the well-performing stocks, demand declined considerably during the week.
    • The week came to an end with the silver rate in Vijayawada closing at Rs.42,900 per kg on the 24th with subdued but steady demand from local industrial units and coin makers amid the firm trend overseas.

    June 2018 - Week 4 (25 - 30):

    • The week began with silver rate in Vijayawada holding at Rs.43,200 per kg on the 25th after an increase in industrial offtake led to prices rising by Rs.300 from the previous session.
    • Demand, however, flatlined over the next few days with investors and traders refraining from making purchases amid weak global cues.
    • When trading concluded for the month today silver price in Vijayawada were recorded at Rs.42,800 per kg, registering a steady performance in silver trade during the course of the month.

    Trend of Silver Rate in Vijayawada 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):

    • When trading commenced for the month, silver price in Vijayawada was recorded trading at Rs.42,000 per kg - the lowest recorded monthly figure - on the 1st with poor global demand amid the weak market cues.
    • The rest of the week saw silver rate in Vijayawada picking up on account of an increased investor demand amid the weakened US dollar index and losing equities.
    • The 3rd witnessed prices surging to Rs.42,600 per kg with the bullion markets capitalising on the positive trend overseas.
    • Rates remained unchanged at Rs.42,600 per kg until the 6th, thanks to consistent demand from coin makers and industrial units at the domestic level.

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

    • The second week opened with the industrial metal prices holding at Rs.43,200 per kg on the 7th following an incline in domestic demand from the previous week.
    • However, with investors and market participants cutting down purchases, rates dropped to Rs.43,000 per kg on the 8th amid the poor market trends overseas.
    • With tensions rising in the Middle East coupled with speculations on the US-North Korean summit, demand for safe-haven assets surged during the week.
    • The 9th saw prices surging to Rs.43,100 per kg before rising further to Rs.43,300 per kg on the 10th owing to an improving demand from industrial units and coin makers.
    • With the US dollar index losing against other apex currencies, the greenback weakened. This led to silver being priced at Rs.43,500 per kg on the 11th.
    • Steady demand coupled with firm trends globally led to silver rate in Vijayawada remaining unaltered at Rs.43,500 per kg for the rest of the week.

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

    • Trading opened for the week with silver rate in Vijayawada holding at Rs.43,600 per kg on the 14th with markets capitalising on the previous session’s gains.
    • Demand, however, dropped over the next couple of days with the US dollar regaining lost ground against other major currencies.
    • The white metal was priced at Rs.43,300 per kg on the 15th before dropping to Rs.43,000 per kg on the 16th amid the poor global trends.
    • Though silver prices rose to Rs.43,200 per kg on the 17th on account of a slight incline in domestic demand, rates edged lower to Rs.43,000 per kg the next day on account of the strong greenback.
    • Trading concluded for the week with silver price in Vijayawada holding at Rs.43,100 per kg on the 20th with poor local demand amid the weak trend overseas.

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

    • Silver was recorded trading at Rs.43,100 per kg on the 21st as the fourth week commenced in Vijayawada.
    • With the US dollar losing against other emerging currencies with negative sentiments from markets following the Federal Reserve’s decision to leave its interest rates untouched, safe-haven demand for the metal rose.
    • Positive trends overseas coupled with strong domestic demand resulted in silver rate in Vijayawada rising to Rs.43,200 per kg and Rs.43,500 per kg on the 22nd and the 23rd respectively.
    • On the 25th, silver prices rose to a month high of Rs.43,800 per kg with the bullion gaining on the back of the weakened US greenback.
    • Demand stabilised over the next couple of days and silver was recorded trading at Rs.43,600 per kg on the 27th as the week came to an end.

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

    • When trading commenced for the last week of May, the white metal was priced at Rs.43,000 per kg - a decline of Rs.600 - on the 28th. The drop in prices was mainly attributed to the recovering dollar that held demand in check at the domestic level.
    • Prices recovered marginally to Rs.43,100 per kg on the 29th with local demand picking up despite the weak trend overseas.
    • However, with market sentiments being revived after the news about the previously cancelled summit between North Korea and the United States to go ahead as planned, the dollar index surged significantly. This led to silver rate in Vijayawada plunging to Rs.42,900 per kg on the 30th.
    • The month came to an end with silver price in Vijayawada finishing slightly higher at Rs.43,100 per kg on the 31st, registering an incline of 2.61% in silver trade during the course of the month.

    Trend of Silver Rate in Vijayawada 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):

    • Silver prices in Vijayawada fluctuated considerably due to the demand vagaries brought about by the recovering US dollar and equities during the initial week.
    • The week began with the white metal trading at Rs.41,400 per kg on the 1st before dropping to Rs.41,300 per kg the next amid poor global cues.
    • Silver price in Vijayawada surged to Rs.41,600 per kg on the 3rd with industries ramping up purchases to stock their inventories.
    • However, with the US dollar rising against a basket of other emerging currencies, silver rate in Vijayawada dropped to Rs.41,300 per kg on the 4th.
    • The 5th saw silver rates recording their lowest monthly figure of Rs.41,000 per kg with subdued industrial demand amid the weak trend overseas.
    • Despite the poor trend overseas, an increase in demand from domestic consumers led to rates rising to Rs.41,200 per kg on the 6th.
    • The week ended with prices holding steady at Rs.41,200 per kg during the closing hours of the day with subdued but steady domestic demand for the metal.

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

    • When trading commenced for the second week, silver was recorded trading at Rs.41,200 per kg on the 8th on account of steady industrial demand amid the losing dollar.
    • Prices remained unaltered at Rs.41,200 per kg the next day before rising to Rs.41,300 per kg on the 10th.
    • Silver rate in Vijayawada surged further to Rs.41,700 per kg on the 11th with an increased industrial offtake for the metal amid the weakened US dollar.
    • The 12th saw prices rising to Rs.42,000 per kg with strong global cues pushing demand higher for the white metal.
    • With the US dollar index gaining against other apex currencies at the international level, silver prices dropped to Rs.41,600 per kg on the 13th.
    • However, the missile attacks on Syria led by the US led to an increase in safe haven demand towards the end of the week. The white metal was recorded trading at Rs.41,900 per kg on the 14th and the 15th.

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

    • The week opened with silver priced relatively higher at Rs.42,100 per kg on the 16th with domestic market capitalising on the weakened greenback and equities.
    • With geopolitical tensions worsening in the Korean peninsula and Syria, demand for safe-haven assets such as gold and silver surged worldwide during the week.
    • The 19th saw silver rate in Vijayawada holding at Rs.43,700 per kg on before rising to Rs.43,800 per kg on the 20th amid the positive trend overseas. This was also the highest recorded monthly figure in Vijayawada.
    • Trading concluded for the week with the industrial metal prices holding firm at Rs.43,800 per kg on the 22nd with steady global demand coupled with positive market trends.

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

    • The final week of trading began with silver priced at Rs.43,700 per kg on the 23rd with the dollar regaining lost ground from the previous week’s rally of losses.
    • Strong dollar performances coupled with well-performing equities led to silver rates dropping during the week.
    • On the 24th, the white metal was recorded trading at Rs.43,000 per kg amid the poor trends overseas.
    • Though rates rebounded to Rs.43,100 per kg on the 25th, the strengthening US dollar and stock markets led to prices dropping to Rs.43,00 per kg the following day.
    • Poor domestic demand coupled with weak global cues led to silver trading at Rs.42,800 per kg over the next couple of days.
    • Trading concluded for the month with silver price in Vijayawada holding at Rs.42,300 per kg with subdued demand for the industrial metal amid the rising US dollar.
    • Vijayawada recorded an incline of 2.17% in silver rates due to rising geopolitical concerns pushing safe-haven demand higher during the course of the month.

    Trend of Silver Rate in Vijayawada for March 2018 (rates per kg)

    Parameters

    Silver price (per kg)

    March 1 Rate

    Rs.41,100 per kg

    March 31 Rate

    Rs.41,400 per kg

    Highest Rate in March

    Rs.41,900 per kg on 7 March

    Lowest Rate in March

    Rs.41,000 per kg on 19 and 21 March

    Overall Monthly Performance

    Incline

    Percentage Change

    0.72%

    March 2018 - Week 1 (1st - 4th)

    • Trading commenced for the month with silver priced at Rs.41,100 per kg on the 1st amid firm overseas trends.
    • Strong global cues coupled with consistent industrial demand led to silver rates rising during the week.
    • Prices rose to Rs.41,400 per kg on the 2nd before surging further to Rs.41,600 per kg on the 3rd as domestic demand picked up amid the weakened US dollar and losing equity markets.
    • Trading concluded for the week with the white metal prices holding steady at Rs.41,600 per kg on the 4th.

    March 2018 - Week 2 (5th - 11th)

    • The second week began with silver trading at Rs.41,700 per kg on the 5th with steady domestic demand coupled with positive global trends.
    • Silver rates in Vijayawada fluctuated significantly due to vagaries in demand brought about by the unevenly performing US dollar and equities.
    • The 6th saw prices dropping to Rs.41,400 per kg after the US dollar index gained against a basket of other emerging currencies.
    • Thanks to an incline in industrial offtake for the metal, silver rates rebounded to Rs.41,900 per kg the following day.
    • However, the strengthening dollar resulted in prices dropping over the next couple of days and silver was priced at Rs.41,500 per kg and Rs.41,300 per kg on the 8th and the 9th respectively.
    • The week came to an end with the industrial metal trading at Rs.41,600 per kg on the 11th with steady local demand amid the positive trend overseas.

    March 2018 - Week 3 (12th - 18th)

    • The third week began with silver rates holding at Rs.41,600 per kg on the 12th before dropping to Rs.41.400 per kg on the 13th as the dollar strengthened ahead of the US employment data.
    • Prices rebounded to Rs.41,700 per kg the next day after Rex Tillerson, the US Secretary of State, was abruptly dismissed by the US President.
    • However, an increase in returns from the stock market following the incident resulted in demand receding for the metal. This led to silver rates plunging to Rs.41,500 per kg on the 15th.
    • Silver was priced at Rs.41,300 per kg on the 16th before dropping to Rs.41,100 per kg on the last day of the week with poor domestic demand coupled with weak global cues.

    March 2018 - Week 4 (19th - 25th)

    • Subdued demand coupled with poor market cues led to silver opening at Rs.41,000 per gram on the 19th. This was also the lowest recorded monthly figure in Vijayawada.
    • Rates surged to Rs.41,200 per kg on the 20th before dropping to Rs.41,000 per kg the next day on account of the strong dollar performance.
    • The next couple of days saw silver prices surging as investors and traders mulled over the US Federal Reserve’s monetary policy meeting later during the month.
    • The white metal was recorded trading at Rs.41,500 per kg on the 22nd before rising to Rs.41,600 per kg on the 23rd amid the firm trend overseas.
    • The week came to an end with the industrial metal prices holding steady at Rs.41,600 per kg on the 25th with steady domestic for the metal.

    March 2018 - Week 5 (26th - 31st)

    • The last week began with silver priced at Rs.41,600 per kg on the 26th with steady demand from local industrial units and coin makers.
    • With tensions rising between the US and Russia and demand for safe-haven assets surging, silver prices were recorded holding at Rs.41,800 per kg on the 27th.
    • However, an incline in the dollar value led to silver rates dropping to Rs.41,500 per kg on the 28th.
    • The next couple of days saw demand declining as the US dollar rose against a basket of other emerging currencies.
    • Trading concluded for the month with the white metal trading at Rs.41,400 per kg on the 31st and silver prices in Vijayawada rose by 0.72% due to the positive trends that pushed rates higher during the course of the month.

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

    Parameters Silver price (per kg)
    Silver Rate on 1st February 2018 Rs.42,600 per kg
    Silver Rate on 28th February 2018 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 opened in Vijayawada with the white metal trading firm at Rs.42,600 per kg on the 1st of January. This was also the highest recorded monthly figure in the city.
    • Strong global cues coupled with steady demand from coin manufacturers led to silver rates remaining untouched at Rs.42,600 per kg on the next day.
    • The 3rd, however, saw silver prices dropping to Rs.41,700 per kg with the US dollar rising against a basket of currencies as a highly anticipated US payrolls data indicated a rise in jobs contributing to the US economy.
    • Thanks to steady demand from coin makers and industries amid firm overseas trends, prices remained untouched at Rs.41,700 per kg on the 4th.

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

    • Trading opened for the second week with the white metal priced at Rs.41,500 per kg on the 5th with demand taking a hit amid the strengthening US dollar and rising equities.
    • The 6th, however, saw silver rates in Vijayawada rising to Rs.41,900 per kg with an incline in industrial offtake amid firm global cues.
    • But with the US dollar regaining lost ground against other apex currencies, demand for the metal declined over the next few days.
    • Silver was priced at Rs.41,500 per kg on the 7th before plunging to Rs.40,800 per kg on the 8th amid the weak trend overseas.
    • Prices rebounded to Rs.41,000 per kg on the 9th before dropping again to Rs.40,600 per kg on the 10th due to a decline in demand brought about by the dominating US dollar index.
    • Poor demand coupled with weak global trends led to silver rates remaining untouched at Rs.40,600 per kg on the 11th.

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

    • Silver rates rose considerably following an increase in demand was brought about by the weakening dollar and equities during the week.
    • When trading began for the week, the industrial metal prices were recorded holding at Rs.40,900 per kg on the 12th.
    • With the inflation data around the corner, investors and traders refrained from making purchases. This led to the US dollar losing against other currencies and silver was priced at Rs.41,300 per kg on the 13th.
    • With markets mulled over ahead of the US ahead and eyeing on clues on the pace of the Fed rates hikes from the report, silver rates rose to Rs.41,400 per kg on the 14th.
    • Strong trends overseas coupled with an increased demand from coin manufacturers and industries led to silver prices in Vijayawada rising further to Rs.41,800 per kg the following day.
    • The inflation data, however, backfired on the economy with a possible inflation crisis during the year. This led to silver being priced at Rs.41,700 per kg on the 17th.
    • With stockists and traders gravitating on safe-haven assets to hedge against inflation concerns, demand for the metal remained strong. This led to the white metal prices holding steady at Rs.41,700 per kg for the remainder of the week.

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

    • Trading began for the week with the industrial metal priced tad lower at Rs.41,600 per kg on the 15th with the US greenback recovering from its previous week’s rally of losses.
    • Prices plunged to Rs.41,200 per kg the next day with demand taking a hit amid the strengthening US dollar and rising equity markets.
    • However, with markets concerned over a possible US government shutdown, the US dollar weakened. This led to silver being priced at Rs.41,400 per kg on the 22nd.
    • The 23rd witnessed silver rates surging further to Rs.41,600 per kg with demand picking up amid the weakening US dollar and equities market.
    • The next couple of days saw silver trading firm at Rs.41,500 per kg with strong and steady demand from industrial units and coin makers amid positive trends overseas.

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

    • When trading began for the last week of February, the industrial metal was recorded trading at Rs.41,600 per kg on the 26th owing to an increased demand brought about by positive overseas trends.
    • With markets remaining cautious ahead of the US Federal Reserve chairman Jerome Powell’s first congressional address to the nation, the dollar weakened. This led to silver prices in Vijayawada rising to Rs.41,700 per kg on the 27th.
    • However, the dollar rose against a basket of other emerging currencies with the new Fed chief promising to save the nation’s economy from overheating while sticking to planned interest rate hikes. This led to silver rates plunging to Rs.41,200 per kg on the last day.
    • Silver prices in Vijayawada declined by 3.28% due to the poor global cues that pushed demand lower during the course of the month.

    Trend of Silver Rate in Vijayawada 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 (1st - 7th)

    • Silver prices in Vijayawada witnessed a steady rise in prices this week due to an increased demand from local coin makers and industrial units.
    • When the month began, silver was priced at Rs.38,925 per kg, this rose to Rs.39,115 per kg on the 2nd as purchases increase.
    • On the 3rd, silver prices fell very slightly to Rs.39,110 per kg, before going up marginally to Rs.39,115 per kg on the 4th.
    • Silver rate in Vijayawada rose on the 5th to hit Rs.39,265 per kg as demand was on the rise - a considerably strong rise compared to sub par performance of the previous few days.
    • This 6th and the 7th of January saw silver rates rise to Rs.39,355 per kg and hold on at this rate till the closing hours of the week.

    January 2018 - Week 2 (8th - 14th)

    • Silver was recorded trading at Rs.39,265 per kg when the second week of January began on the 8th.
    • However, silver price in Vijayawada dropped to Rs.39,110 per kg on the 9th after equity markets strengthened amid a strong dollar index, causing demand to drop.
    • Silver rates continued to hold at Rs.39,110 per kg levels over the next few days as demand from industrial units and coin manufacturers remained steady.
    • Silver rates in the Andhra Pradesh city surged to Rs.39,265 per kg before rising further to Rs.39,355 per kg on the 13th as the US dollar seemed to weaken amid growing concerns in the US.
    • Strong industrial demand coupled with a positive trend overseas led to silver rates continue at at Rs.39,355 per kg at the time of the week’s closing on the 14th of January.

    January 2018 - Week 3 (15th - 21st)

    • The third week of January started strongly due to a sudden burst in demand but rates fell as the week progressed and demand took a hit.
    • SIlver was seen trading at Rs.39,680 per kg - a Rs.325 per kg incline - when trading commenced for the week.
    • As mentioned above, rates seemed to be on the decline for much of the week after a strong start.
    • Over the 16th and the 17th of January, silver rates held on at Rs.39,670 per kg as demand seemed to drop amid poor sales.
    • Prices took a hit again on the 18th and they went down to Rs.39,265 per kg as local investors backed out from purchases as the US dollar seemed to rally.
    • At the time of closing, on the 21st, the white metal was seen trading at Rs.39,265 per kg.

    January 2018 - Week 4 (22nd - 28th)

    • Due to a lack of clear stimulus silver rate in Vijayawada saw little change over the fourth week of January - following the same trend as the previous week.
    • The week however, began strongly with the metal being priced at Rs.42,000 as markets opened for the week on the 22nd of January.
    • Silver continued to trade at Rs.42,000 per kg on the 23th as demand from local investors was steady.
    • The 24th saw prices change by Rs.200, which was evident with the Rs.42,200 per kg closing rate seen at the time of closing.
    • Overnight trading positions towards the 25th of January pushed silver prices to surge to Rs.43,100 per kg.
    • Silver rates held on at Rs.43,100 per kg as demand from all investor circles - i.e., coin makers, jewellers, and industries remained flat.

    January 2018 - Week 5 (29th - 31st)

    • When trading began for the final week in January, silver was priced at Rs.42,700 per kg. This was also the highest gold rate for the month.
    • Silver price in Vijayawada fell to Rs.42,200 per kg on the 30th - the second day of this week as the US dollar remained strong, thanks to a firm equity market.
    • The 31st too saw silver rate in Vijayawada continue at Rs.42,200 as the demand form the previous day continued to flourish.
    • There was a 8.41% change in silver prices this month, one of the highest seen over the past few years.

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

    Parameters Silver price (per kg)
    Silver Rate on 1st December 2017 Rs.38,230 per kg
    Silver Rate on 31st December 2017 Rs.39,265 per kg
    Highest Rate in December Rs.39,365 per kg on 30 and 31 December
    Lowest Rate in December Rs.36,545 per kg on 13 December
    Overall Monthly Performance Incline
    Percentage Change 2.70%

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

    • The month opened in Vijayawada with the white metal trading at Rs.38,230 per kg on the 1st of December.
    • The 2nd witnessed prices surging to Rs.38,815 per kg with demand for safe-haven assets rising amid the declining US dollar.
    • Though silver rate in Vijayawada plunged to Rs.37,965 per kg on the 5th, prices soon rebounded to Rs.38,395 per kg on the 6th amid a strong demand from industries and coin manufacturers.
    • However, the strengthening US dollar coupled with firmer equities markets led to silver rate in Vijayawada declining to Rs.37,235 per kg on the 7th.
    • With the US dollar gaining a basket of other major emerging currencies coupled with poor trends overseas resulted in silver prices dropping further to Rs.36,620 per kg on the 8th.
    • Thanks to a steady but subdued demand from industries and coin manufacturers, silver was recorded holding steady at Rs.36,715 per kg for the rest of the week.

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

    • The second week, however, commenced with the industrial metal trading at Rs.36,920 per kg on the 11th owing to a marginal increase in domestic demand.
    • The US dollar strengthened against other apex currencies ahead of the Federal Reserve’s monetary policy meeting due this week. This led to silver rate in Vijayawada plummeting to Rs.36,620 per kg on the 12th before hitting the lowest recorded monthly figure of Rs.36,545 per kg on the 13th amid the poor overseas trends.
    • With investors speculating on the negative impact of the US tax bill on the country’s economy, the US dollar lost its ground. This led to silver prices rebounding to Rs.38,395 per kg on the 14th.
    • The 15th witnessed rates dropping again to Rs.36,920 per kg with demand for the metal taking a hit amid the weak global cues.
    • The white metal prices continued to remain unchanged at Rs.36,920 per kg until the end of the week amid the poor global trends.

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

    • Silver was priced at Rs.38,395 per kg when the third week commenced on the 18th.
    • However, the 19th saw silver rate in Vijayawada declining to Rs.37,600 per kg with the US dollar gaining against other major emerging currencies and the well-performing equities market.
    • Silver prices fluctuated for much of the week due to the unevenly performing US dollar and vagaries in demand for the industrial metal.
    • On the 20th, the white metal was recorded trading at Rs.39,395 per kg which plunged to Rs.37,705 per kg on the 21st with a steep decline in demand by industrial units and coin makers against the strong US dollar index.
    • The next couple of days saw the metal prices varying significantly amid the uneven global cues that influenced demand for the industrial metal. Silver was priced at Rs.38,395 per kg on the 22nd before dropping to Rs.37,965 per kg on the 23rd.
    • The week ended with the white metal prices stabilising at Rs.38,395 per kg on the 24th amid the positive trends overseas.

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

    • The final week began with silver trading at Rs.38,395 per kg on the 25th.
    • Though prices declined to Rs.38,005 per kg on the 26th, silver rates rebounded to Rs.38,275 per kg on the 27th with the US dollar losing its sheen amid the strong global cues.
    • On the 29th, silver rate in Vijayawada were recorded at Rs.38,815 per kg which surged further to Rs.39,265 per kg on the 30th owing to a strong increase demand from industrial units and coin manufacturers.
    • The last day of the year saw silver prices holding steady at Rs.39,265 per kg on the 31st due to strong investor sentiments for the industrial metal amid the positive trends overseas.
    • Silver trade in Vijayawada witnessed an incline of 2.70% in prices during the course of the month due to the strong international cues that pushed demand higher for the metal.

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

    Parameters Silver price (per kg)
    Silver rate on 1st November 2017 Rs.38,995 per kg
    Silver rate on 30th November 2017 Rs.38,640 per kg
    Highest Rate in November Rs.40,520 per kg on 18 and 19 November
    Lowest Rate in November Rs.38,640 per kg on 30 November
    Overall Monthly Performance Decline
    Percentage Change 0.91%

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

    • Vijayawada’s silver price in Vijayawada fluctuated as the month began due to demand vagaries, with the white metal priced at Rs. Rs.38,995 per kg.
    • Silver rate in Vijayawada was at Rs.39,950 per kg on 2 November after an increase in local demand following a rise in order volumes in anticipation of the festive and wedding seasons.
    • Demand increased as commodity markets took advantage of the poorly-performing equity markets, which resulted in higher demand from both local as well as international industrial units.
    • Silver traded at Rs.39,355 per kg on 4 November as prices remained constant till the week ended on 5 November.

    November 2017- Week 2 (6 to 12)

    • The week began with silver trading at Rs.39,355 per kg on 6 November due to steady demand from local industry.
    • The price of silver increased as markets were volatile following news of the arrest of several top-ranking members of the Saudi Arabian leadership, with silver trading at Rs.40,040 per kg on 7 November.
    • Local demand also rose as the U.S. dollar rate plunged, resulting in silver prices holding steady at Rs.40,040 per kg on 8 & 9 November.
    • Demand dropped towards the middle of the week, with silver trading at Rs.39,970 per kg on 10 November.
    • There was not much change in the price of silver in Vijayawada for the rest of the week, with the metal trading at Rs.39,970 per kg on 12 November.

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

    • The third week of November saw the price of silver in Vijayawada rise due to the continued political uncertainty in the Middle East following the sudden arrest of top officials.
    • Silver opened the week at Rs.39,870 per kg on 13 November, with the price reflecting a slight drop due to reduced industrial demand.
    • Silver price in Vijayawada rose as the week progressed due to fluctuations in the British equity markets due to the fallout from strained Brexit negotiations with the European Union, resulting in silver being priced at Rs.40,140 per kg on 14 November.
    • Silver price in Vijayawada continued to rise, with the metal trading at Rs.40,240 per kg on 15 & 16 November as orders from Asia increased.
    • Silver price in Vijayawada dropped to Rs.40,040 per kg on 17 November due to poor demand from overseas as equities recovered.
    • Orders from coin makers also rose during this time, though prices did not see much of a change.
    • Tensions with North Korea rose as the week ended, resulting in silver prices rising to Rs.40,520 per kg on 18 & 19 November.

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

    • The industrial metal opened the week at Rs.40,440 per kg on 20 November as markets performed well after the previous week’s rise in demand.
    • Silver price in Vijayawada fell to Rs.Rs.39,780 per kg on 21 November due to a recovery by markets, which led to reduced industrial offtake due to higher costs.
    • The decline in demand for silver in the international market also influenced local prices, with rates dropping to Rs.39,265 per kg on 22 November.
    • Silver price in Vijayawada gained slightly towards the middle of the week, trading at Rs.40,060 per kg on 23 November after a rise in local demand.
    • Tensions over North Korea’s nuclear capabilities and missile testing led to a fall across equity markets and a rise in demand for silver.
    • The week ended with silver prices continuing to fluctuate, trading at Rs.39,780 per kg on 26 November.

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

    • The last week of November saw silver prices dip due to a steady drop in demand.
    • Silver traded at Rs.39,780 per kg on 27 November due to static demand from industrial units and coin makers alike.
    • Silver rate in Vijayawada dropped to Rs.39,680 per kg on 28 November as demand dropped following a market recovery.
    • Prices continued to drop as silver traded at Rs.39,115 per kg on 29 November following the recovery of equity markets.
    • Silver price in Vijayawada continued to drop as the month drew to a close as the metal traded at Rs.38,640 per kg on 30 November and recording an overall loss of 0.91% in value.
    Parameters Silver price (per kg)
    Silver Rate on 1st October 2017 Rs.39,530 per kg
    Silver Rate on 31st October 2017 Rs.39,435 per kg
    Highest Rate in September Rs.40,440 per kg on 16 October
    Lowest Rate in September Rs.39,110 per kg on 5 and 19 October
    Overall Monthly Performance Decline
    Percentage Change -0.24%

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

    • When trading commenced for the month, silver was priced at Rs.39,500 per kg on the 1st.
    • Steady demand from coin manufacturers and industrial units led to prices remaining the same on the 2nd as well.
    • However, Silver rate in Vijayawada declined over the next couple of days after the US dollar strengthened against other major emerging countries. This led to the white metal prices plunging to Rs.39,110 per kg - the lowest recorded monthly figure in Vijayawada.
    • Thanks to an increased and steady industrial demand, Silver price in vijayawada surged to Rs.39,680 per kg on the 7th.
    • The week concluded with the metal trading steady at Rs.39,680 per kg on the 8th.

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

    • Silver rate in Vijayawada were greatly influenced by strong global cues prevailing during the week.
    • Silver was recorded trading at Rs.39,950 per kg when the week began on the 9th.
    • Positive overseas trends over the next couple of days resulted in an increased domestic demand. This led to the metal being priced at Rs.40,060 per kg and Rs.40,285 per kg on the 10th and the 11th.
    • With the festive season around the corner, local demand rose significantly. This led to silver price in Vijayawada rising to Rs.40,390 per kg on the 12th.
    • Steady domestic demand coupled with positive global trends resulted in the white metal rates remaining untouched at Rs.40,390 per gram for the rest of the week.

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

    • Silver was recorded trading at Rs.40,440 per kg - the highest recorded monthly figure - on the 16th on account of increased buying by industries and coin makers.
    • But the strengthening US dollar amid weak global cues proved to be unfavourable for silver trade in the domestic market. This led to silver price in Vijayawada declining to Rs.40,060 per kg on the 18th.
    • A further decline in domestic demand resulted in rates plunging to touch the lowest monthly figure of Rs.39,110 per kg again on the 19th.
    • However, trading recovered with the imminent arrival of Diwali pushing local sales higher. This led to silver rate in Vijayawada surging to Rs.40,285 per kg on the 20th.
    • The rest of week witnessed the metal being priced at Rs.40,060 per kg on account of a steady but subdued demand from coin manufacturers and industries.

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

    • The final week witnessed silver price in Vijayawada fluctuating due to various global and domestic factors. When the week began, the white metal was recorded trading at Rs.40,040 per gram on the 23rd.
    • A marginal increase in industrial demand for the metal the following day led to silver rate in Vijayawada rising to Rs.40,060 per kg.
    • However, the 25th saw rates plummeting to Rs.39,780 per kg owing to strong dollar rates and firmer equities market.
    • Prices plunged further to Rs.39,435 per kg on the 27th as the dollar strengthened further against a basket of major currencies amid strong global cues.
    • The next couple of days witnessed the metal being priced as low as Rs.39,115 per kg after investors speculated over the possibility of an interest rate hike by the US central bank.
    • Demand seemed to pick up due to positive overseas trends towards the end of the month. When the month concluded, silver was priced at Rs.39,435 per kg on the 31st.
    Parameters Silver price (per 1 kg)
    Silver rate on 1st September 2017 Rs.40,390 per kg
    Silver rate on 30th September Rs.39,530 per kg
    Highest Rate in September Rs.41,900 per kg on 9 and 10 September
    Lowest Rate in September Rs.39,530 per kg on 28 to 30 September
    Overall Monthly Performance Decline
    Percentage Change -2.12%

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

    • Silver prices in Vijayawada were on the rise in the first week of September as industrial demand was steady, with the metal opening the week at Rs.40,390 per kg.
    • There was no change in price for a while as local demand also began to rise due to a low U.S. dollar rate and favourable trends internationally.
    • Stable geopolitical conditions as well as rising equity markets in Asia led to a reduction in demand for silver overseas, but domestic demand kept prices from falling.
    • Silver instead rose, with the metal priced at Rs.41,075 per kg on 4 September before rising to Rs.41,495 per kg on 6 September.
    • The launch of a nuclear capable missile by North Korea led to markets plunging and higher demand for bullion, with silver climbing to Rs.41,900 per kg on 9 & 10 September.

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

    • The second week saw a gradual reduction in demand as markets began to stabilise and the dollar also rebounded.
    • Silver traded at Rs.41,075 per kg on 11 September, recording a sharp fall of Rs.825 per kg in trade due to weakened demand.
    • Local demand dropped as the dollar strengthened, making imports of the metal more expensive.
    • Overseas demand from Asian countries like China also reduced, as a rally by equity markets led to lower demand for the metal.
    • Silver traded at Rs.40,890 per kg on 14 September, with the price remaining constant for the rest of the week.

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

    • Demand continued to fall in the third week of September as demand for silver in Vijayawada was muted due to rising import costs.
    • The industrial metal traded at Rs.40,440 per kg on 18 September before falling to Rs.39,670 per kg on 19 September as demand from Europe also fell.
    • A slight surge in price resulted in silver prices in Vijayawada rising to Rs.40,060 per kg on 20 September but prices dropped to Rs.39,670 per kg on 21 September.
    • Fluctuations in the markets led to an increase in demand for silver, as prices rose to Rs.40,040 per kg from 22-24 September.

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

    • Fluctuations in the price of silver continued in the last week of September in Vijayawada as the dollar rate and markets were unsteady.
    • Silver was priced at Rs.39,670 per kg on 25 September, a marginal drop in price recorded due to a decrease in demand over the weekend.
    • Silver prices in in Vijayawada rose to Rs.40,520 per kg on 26 September as local demand rose due to favourable market conditions.
    • The German election and victory of the incumbent Angela Merkel led to markets rising in Europe and the United States, leading to a drop in silver prices.
    • The industrial metal dropped to Rs.39,530 per kg on 28 September, with the price remaining constant for the remainder of the week.
    • Poor demand led to prices falling by 2.12% over the course of the month.
    Parameters Silver price (per 1 kg)
    Silver Rate on 1st August Rs.38,925 per kg
    Silver Rate on 31st August Rs.40,040 per kg
    Highest Rate in August Rs.40,190 per kg on 29 & 30 August
    Lowest Rate in August Rs.37,235 per kg on 5 & 6 August
    Overall Monthly Performance Incline
    Percentage Change 2.86%

    August ‘17- Week 1 (1st to 6th)

    • The start of August saw the price of silver trade at a stable rate due to steady demand from overseas industrial units as well as coin makers.
    • The industrial metal began the trading week at Rs.38,925 per kg on 1 August, buoyed by high Asian demand.
    • There was a drop in prices as the U.S. dollar began to recover from its earlier losses, prompting a reduction in demand from most overseas markets due to the rising cost associated with imports.
    • SIlver rates in Vijayawada fell to Rs.37,965 per kg on 3 August, as local demand failed to stabilise the price.
    • Continued fluctuations in the market also put off some investors, who awaited data from the U.S. jobs market before placing orders.
    • Silver price in Vijayawada rose on 4 August, with the industrial metal trading at Rs.38,120 per kg. However sustained poor demand from local industry as well as a marginal rise in the dollar rate led to silver rates falling to Rs.37,235 per kg as the week ended on 6 August.

    August ‘17- Week 2 (7th to 13th)

    • The renewal of tensions in Europe was exacerbated by the resumption of Brexit talks, which worked in favour of silver as markets fell.
    • Silver traded at Rs.38,295 per kg on 7 August before prices rose further, trading at Rs.38,345 per kg on 8 August thanks to fluctuating U.S. dollar rates as well as poor market trades.
    • Poor than expected U.S. jobs data as well as geopolitical tensions following the unsuccessful repeal of Obamacare led to increased demand for gold and silver.
    • Silver rate in Vijayawada was at Rs.39,530 per kg on 11 August, with no change in price recorded for the rest of the week.

    August ‘17- Week 3 (14th to 20th)

    • With steady demand from overseas, silver prices in Vijayawada did not see much change as the third week began.
    • Silver traded at Rs.39,670 per kg on 14 August and remained constant for the next few days due to stable demand.
    • A rally by local markets resulted in a drop in price, with silver falling to Rs.38,815 per kg on 16 August.
    • Silver traded at Rs.39,530 per kg on 17 August before a drop in price due to fluctuations in demand led to the metal ending the week trading at Rs.39,115 per kg on 18 August.
    • There was no change in silver price in Vijayawada as the week ended on 20 August.

    August ‘17- Week 4 (21st to 27th)

    • There was a rise in the price of silver in Vijayawada as demand rose around the middle of the week following increasingly volatile markets.
    • The week began with silver priced at Rs.39,115 per kg on 21 August as the previous week’s silver rate kept prices from changing too drastically.
    • Currency market fluctuations and the renewal of verbal hostilities between the United States and North Korea led to a rise in demand for commodities, as trading in bullion soared.
    • Silver was priced at Rs.39,265 per kg on 22 August, before higher demand from coin makers and industrial units led to the prices rising to Rs.39,355 per kg on 24 August.
    • The possibility of an escalation of war rhetoric and another missile test created panic on the bourses, which kept demand for silver high, though rates did not change very drastically.
    • In fact, there was a drop in the price of silver, which traded at Rs.38,995 per kg on 25 August due to flagging trade on the commodity exchanges.
    • Prices did not change for the rest of the week, even after the successful test of another long-range missile by North Korea.

    August ‘17- Week 5 (28th to 31st)

    • Silver prices in Vijayawada rose as the renewed demand for stable, safe-haven assets led investors and industry alike to silver.
    • The white metal traded at Rs.39,435 per kg on 28 August, as demand from local industrial units also rose.
    • As Hurricane Harvey wreaked havoc across the U.S. coast, markets also took a beating which paved the way for greater bullion demand.
    • Silver rate in Vijayawada traded at Rs.40,190 per kg on 29 August, as demand from Europe and Asia increased due to low import rates resulting from a drop in the dollar value.
    • Demand fell marginally as the month drew to a close, with silver recording a rate of Rs.40,040 per kg on 31 August for an overall increase of 2.86%.
    Parameters Silver price
    July 1st Rate Rs.38,640 per kg
    July 31st Rate Rs.38,640 per kg
    Highest Rate in July Rs.38,690 per kg on 3 July
    Lowest Rate in July Rs.36,035 per kg on 10 July
    Overall Monthly Performance No change
    Percentage Change 0%

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

    • Silver prices in Vijayawada were recorded at Rs.38,640 per kg on the 1st of July.
    • Rates were unchanged on the 2nd due to sustained buying from domestic circles. The 3rd saw silver prices reach the monthly high figure of Rs.38,690 per kg as a result of the US dollar exchanging at near nine-month lows.
    • With domestic trading remaining at a low, silver rates dropped on the 4th to trade at Rs.37,705 per kg before increasing slightly to Rs.37,800 due to positive cues.
    • Due to a strengthening US dollar after an unexpected positive job data, silver prices dropped to Rs.37,115 per kg and continued at the same rate for the remainder of the week.

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

    • On the 10th of July, silver hit a low figure of Rs.36,035 per kg - the lowest rate for the entire month.
    • But, demand for the metal increased on the 11th as Trump family’s alleged connection with Russia held the market in a firm grip.
    • Rates went up to Rs.36,270 per kg on the 11th and increased steadily from then on for the next two days.
    • The white metal was seen trading at Rs.36,920 per kg on the 12th and the 13th as domestic investors were leveraging poor dollar performance to increase their silver inventory.
    • With investors exercising caution on the 14th, silver prices went down to Rs.36,270 per kg before bouncing back to Rs.37,180 per kg on the 15th and the 16th.
    • Rates increased significantly towards the end of this week as a subpar US economy pushed the demand for precious metals up.

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

    • Silver prices fluctuated considerably during the third week of July as demand reached saturation point with investors exhausting their short-term purchasing power.
    • On the 17th, silver was priced at Rs.37,180 per kg, which then spiked to Rs.37,600 per kg on the 18th.
    • The 19th as well maintained the positive growth with rates going up to Rs.37,705 per kg before a slowed down purchase brought rates down to Rs.37,600 per kg on the 20th.
    • Investors, particularly those from industries and the jewellery segment, began purchasing silver more on the 21st, which led to the metal trading at Rs.37,800 per kg.
    • During the last two days of the week, silver prices stabilised to hold at Rs.38,005 per kg.

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

    • On the 24th, silver was trading at Rs.38,120 per kg due to subdued demand from industries and jewellers.
    • Rates went up to Rs.38,230 per kg on the 25th before going down to Rs.38,120 per kg because various sections of investors were waiting for a price correction.
    • Silver rates were on the ascent on the 27th with prices reaching as high as Rs.38,690 per kg but decline considerably over the last few days of the month.
    • On the last day of July 2017, silver was trading at Rs.38,640 - the same rate as seen on the 1st of the month.
    Parameters Silver price
    June 1 Rate Rs.40,285 per kg
    June 30 Rate Rs.38,995 per kg
    Highest Rate in June Rs.40,890 per kg on 7 June
    Lowest Rate in June Rs.38,455 per kg on 21 June
    Overall Monthly Performance Decline
    Percentage Change -3.20%

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

    • When the month of June began, silver rates in Vijayawada started at Rs.40,285 per kg.
    • But, due to a low industrial demand, prices fell to Rs.39,950 per kg on the 2nd of June.
    • The 3rd saw silver prices increase to Rs.40,670 per kg - a Rs.720 increase - as bullion market saw some upturn in trading cues internationally.
    • When the week came to an end on the 4th, silver price in Vijayawada were recorded at Rs.40,670 per kg, thanks to a sustained demand for the metal.

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

    • The second week of June started on the 5th with silver trading at Rs.40,670 per kg.Prices remained unchanged on the 6th as demand from local coin makers and industrial units remained stable.
    • On the 7th, silver rates in Vijayawada reached a monthly high figure of Rs.40,890 per kg as tensions involving the US grew and bullion industry as a result saw demand pick up significantly.
    • Silver prices decreased on the 7th to hit Rs.40,725 per kg and then went down to Rs.40,285 per kg on the 9th as demand fell after a brief surge.
    • During the last two trading days of Jube, silver prices decreased further to Rs.40,060 per kg and remained there till the end of the week on the 11th.

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

    • Silver price in Vijayawada fell consistently during the third week of June demand for the metal fell amidst a strengthening dollar.
    • On 12th, silver was trading at Rs.39,680 per kg, but decreased to Rs.39,435 per kg on the 13th due to falling demand.
    • Silver prices went down on the 14th again to Rs.39,115 per kg but increased slightly to Rs.39,265 per kg on the 15th as offtake went up slightly.
    • Silver price in Vijayawada returned to normal after an anomalous increase the previous day to end the 16th at Rs.38,995 per kg.
    • During the last two days of June week 3 - the 17th and the 18th, silver prices remained at 38,460 per kg.

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

    • The fourth week of June started in Vijayawada with silver trading at Rs.38,640 per kg which was an increase of Rs.180 from the previous day’s prices.
    • On the 20th, silver prices remained the same but decreased slightly to hit a monthly low of Rs.38,455 per kg - on the 21st of June.
    • Rates increased in the city to Rs.38,460 per kg on the 22nd and gradually increased over the next few days as well.
    • The 23rd saw silver rates hit Rs.38,690 per kg and then go up to to Rs.38,925 per kg on the 24th of June.
    • When the week came to an end, silver rates in Vijayawada were recorded at Rs.38,925 per kg.

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

    • During the final week of June 2017, silver prices in Vijayawada fluctuated considerably due to a lack of sustained demand.
    • When the week began on the 26th, silver was priced at Rs.38,925 per kg, which then went down to Rs.38,455 per kg on the 27th of June.
    • The 28th saw price of silver in Vijayawada increases to Rs.39,115 per kg, which continued to remain the same on the 29th as well.
    • On the last day of June 2017, silver prices fell marginally to reach Rs.38,995 per kg - marking a Rs.120 decline from the previous day’s rates.
    • Silver rates in Vijayawada saw a change of -3.20% as a result of poor local demand and a relatively high-performing US economy and the dollar.
    Parameters Silver Price in Vijayawada
    May 1 Rate Rs.40,040 per kg
    May 31 Rate Rs.40,060 per kg
    Highest Rate in May Rs.40,520 per kg on 30 May
    Lowest Rate in May Rs.37,705 per kg on 10 & 11 May
    Overall Performance Incline
    Percentage Change 0.049%

    May ’17 – Week 1 (1st to 7th)

    • The price of silver in Vijayawada in the first week of May was on the decline as market forces and a stable U.S. Dollar led to a decrease in demand.
    • Silver traded at Rs.40,040 per kg on 1 May but prices fell for the rest of the week, trading at Rs.38,925 per kg on 3 May.
    • A decrease in overseas demand especially from Asia due to the high U.S. Dollar rate led to silver falling to Rs.37,965 per kg on 5 May.
    • Local demand was also poor, as international trends and low industrial demand led to prices trading lower than expected.
    • Silver ended the week trading at Rs.38,005 per kg on 7 May as prices recovered marginally.

    May ’17 – Week 2 (8th to 14th)

    • The second week saw the price of silver continue to trade lower than expected due to poor industrial demand and strengthening stock markets.
    • Silver was priced at Rs.37,965 per kg on 8 May as positive trends saw the U.S. Dollar rise as the week began.
    • Prices dipped to their lowest for the month, trading at Rs.37,705 per kg on 10 May due to stagnating demand both overseas as well in the domestic market.
    • A slight rise in industrial demand led to prices rising marginally as silver traded at Rs.37,865 per kg on 12 May.
    • The week ended with silver rising to Rs.38,005 per kg on 14 May.

    May ’17- Week 3 (15th to 21st)

    • A revival in prices was observed in the third week of May as the U.S. markets took a hit due to fears of the impact a new healthcare policy would have on the economy.
    • Silver gained from the uncertainty as it rose to trade at Rs.38,230 per kg on 15 May in early trading.
    • Prices rose for the rest of the week as domestic demand also increased on positive trends overseas, which pushed prices to Rs.38,995 per kg on 17 May.
    • The U.S. Dollar dipped as the week progressed which led to an increase in the demand for bullion.
    • Silver was priced at Rs.39,115 per kg on 21 May as demand from overseas boosted prices.

    May ’17 – Week 4 (22nd to 28th)

    • Prices fluctuated due to conflicting cues from the markets as Indian industry braced for the impact GST would have on their respective sectors.
    • Silver was priced at Rs.39,265 per kg on 22 May and rose to Rs.40,040 per kg on 23 May due to increased demand from coin makers.
    • Domestic demand also rose as industrial units increased orders, which led to silver trading at Rs.39,950 per kg on 25 May.
    • Minor fluctuations in the price due to demand vagaries were observed but prices rose as the week ended, trading at Rs.40,190 per kg on 28 May.

    May ’17 – Week 5 (29th to 31st)

    • The last week of May saw prices stabilise as markets awaited the U.S. Federal Reserve meeting on the direction monetary policy would take.
    • Silver traded at Rs.40,285 per kg on 29 May as prices dipped on account of a reduction in local demand.
    • Prices bounced back and reached their highest rates for the month, trading at Rs.40,520 per kg on 30 May.
    • A sharp decline in price led to silver ending the month trading at Rs.40,060 per kg on 31 May, though prices rose by 0.049% over the course of the month.
    April 1st Rate Rs.42,570 per kg
    April 30th Rate Rs. 40,040 per kg
    Highest Rate in April Rs. 43,055 per kg on 15th & 16th April
    Lowest Rate in April Rs.40,040 per kg on 29th & 30th April
    Overall Performance Decline
    Percentage Change -5.94%

    April ’17- Week 1 (1st to 9th)

    • Silver hit the market in the first week of April with stability. This continued all through the week except for certain minor fluctuations due to variations in demand.
    • On April 1st, the first day of the week, prices stood at Rs.42,570 per kg. Silver rates remained the same on the following day as well because industrial demand stabilized.
    • Rates dipped on 3rd April due to lower than expected US economic data results, inflation and US Federal Reserve developments. The price of silver was Rs.42,435, a fall by Rs.135 per kg from the earlier price of Rs.42,570.
    • As prices increased in the next two days, there was a slight slump on 6th and 7th of April. The highest rate for the week was seen on 5th April when the price stood at Rs.42,775.
    • The week ended with a price of Rs.42,640 per kg, remaining the same on the 8th and 9th of April as market forces maintained stability.

    April ’17 – Week 2 (10th to 16th)

    • Prices took a plunge and opened on a low note on 10th of April, standing firm at Rs.41,625 per kg. This is because of developments on various fronts, including a rise in US dollar rate even as political tensions continued to develop across the globe.
    • As the week went by, the prices were affected by geopolitical factors involving US tensions with Russia and North Korea. This resulted in an increase in price of the precious white metal. Prices eventually reached their highest in the month during this week.
    • On 12th April prices surged further to Rs.42,640 per kg as global political tensions prevailed and demand from the industrial sector increased. The next day, the price increased again to Rs.42,775 per kg, an increase of Rs.135 per kg.
    • Influenced by growing tensions, prices peaked at their highest for the month on the 15th and 16th of April, standing at Rs.43,055 per kg.

    April ’17 – Week 3 (17th to 23rd)

    • Markets opened with wariness as the price of the precious metal opened on 17th April at Rs.43,030 per kg, a slump from the earlier month.
    • Further into the week, there were many fluctuations in price due to the appreciation in the rupee rate and forthcoming elections in France.
    • On 18th April there was a slight fall in price by Rs.355 per kg, standing at Rs.42,775 per kg. The price went down to Rs.42,435 per kg during the next day two days, giving people the opportunity to make purchases.
    • During the next few days of the week, prices took a further hit. The week came to an end with prices standing at Rs.41,980 per kg on 23th April.

    April ’17 – Week 4 (24th to 30th)

    • Prices fell downward in the last week of April, reaching the lowest point in the month due to the presidential election results in France. This could have also been a major influencing factor in safe-haven buying.
    • The week opened at Rs.41,625 per kg, a dip from the previous week. The prices dwindled continuously in the next few days.
    • On 29th and 30th April, the prices stood at the lowest in the month at Rs.40.040 per kg.
    March 1st Rate Rs. 43,970 per kg
    March 31st Rate Rs. 42,115 per kg
    Highest Rate in March Rs. 44,100 per kg on 2nd March
    Lowest Rate in March Rs. 40,040 per kg on 15th March
    Overall Performance Decline
    Percentage Change -4.21%

    March ‘17 - Week 1 (1st to 5th)

    • Silver prices in Vijayawada were recorded at Rs.43,970 per kg on the 1st of March.
    • An increase by Rs.130 on the second saw prices to rise to Rs.44,100 per kg, which was the highest rate of the metal recorded in March.
    • Prices fell considerable on the 3rd of March owing to decline in demand from industrialists and coin makers in addition to international events that affected gold as well, and silver traded at Rs.42,730 per kg on that day.
    • On the 4th of March, prices increased to Rs.43,295 as demand started to pick up, and they remained table for the following day as well to close the week at the aforementioned rate.

    March ‘17 - Week 2 (6th to 12th)

    • The price of silver on the opening day of the second week of March was Rs.42,925 – the same as the price on the closing day of the first week of the month.
    • Prices dropped marginally on the next few days owing to decline in demand. They were recorded at Rs.42,570 per kg on the 7th of March, Rs.41,900 per kg on the 8th of March, and Rs.41,435 per kg on the 9th of March.
    • A considerable decline on the 10th of March saw prices tumble to Rs.40,670 per kg, after which another decline saw rates drop to Rs.40,520 per kg on the 11th.
    • Prices remained unchanged on the last day of the second week of March as demand remained stable and the value of the metal at the close of trading was Rs.40, 520 per kg.

    March ’17- Week 3 (13th to 19th)

    • The price of silver on the first day of the third week of March was Rs.40,760 per kg thanks to a small increase in demand.
    • Prices fell by Rs.320 on the second day of the third week and were recorded at Rs.40,440 per kg.
    • On the 15th of March, prices hit their lowest levels in the month as they touched Rs.40,040 per kg, after which an increase by Rs.850 saw them rise to Rs.40,890 per kg on the 16th.
    • A minor decline on the 17th saw prices fall to Rs.40,815 per kg and rates remained stable for the next three days, closing the third week of March at Rs.40,815 per kg.

    March ’17- Week 4 (20th to 26th)

    • Silver opened the penultimate week of the month at Rs.41,075 per kg, marking a small incline from the closing levels of the previous week.
    • Prices fell by Rs.350 on the 21st of March and were recorded at Rs.40,725 per kg.
    • On the 22nd of the month, prices rose marginally and were recorded at Rs.41,230 per kg.
    • Thanks to an increase in demand, silver closed the penultimate week of March on a strong note as rates rose to Rs.41,340 before rising again and closing the seven-day period at Rs.41,435 per kg.

    March ’17 – Week 5 (27th to 31st)

    • The price of silver on the first day of the last week of March was recorded at Rs.41,900 per kg.
    • On the 28th of March, an increase by Rs.215 saw prices rise to Rs.42,115 per kg, and stable demand ensured that prices remained the same on the 29th of the month as well.
    • Prices increased by Rs.320 on the penultimate day of the month to settle at Rs.42,435 per kg, and a decline by the same amount on the last day of the month saw the metal close March at Rs.42,115 per kg.
    February 1st Rate Rs. 42,520 per kg
    February 28th Rate Rs. 44,165 per kg
    Highest Rate in February Rs. 44,165 per kg on 28th February
    Lowest Rate in February Rs. 42,115 per kg on 3rd February
    Overall Performance Rise
    Percentage Change +3.68%

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

    • Price of silver in Vijayawada was relatively low during the first week of February due to relatively low demand from industrialists and coin makers.
    • Silver traded at Rs.42,520per kg on 1st February and increased slightly the next day to trade at Rs.42,640 per kg.
    • However, this rate was not maintained and rate of silver declined to Rs.42,115 per kg.
    • This could mainly be attributed to the demand for silver from industrialists and coin makers. This rate was the lowest at which silver traded for the month of February.
    • However, a slight recovery was witnessed in the rate of silver on the 4th with silver trading at Rs. 42,355 per kg. This rate was steady until the end of the week.

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

    • On the second week of the month, the price of silver opened at Rs.42,520 per kg which was a little higher than the rate seen during the previous week.
    • Right after this, due to increased demand from jewellers and industrialists, the rate of silver jumped to trade at Rs.42,930 per kg.
    • Price of silver was at Rs.42,920 per kg which was lesser by Rs.10 as compared to the price of the previous day.
    • However, a minor recovery was noted in the price of silver on the 9th with this precious metal trading at Rs.42,950 per kg.
    • Prices varied during the week, with silver trading at Rs.42,570 per kg on 11th February due to a sudden rise in demand. Silver was stable at this rate until the end of the week.

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

    • A slight variation in the rate of the U.S. dollar led to rise in the demand for silver with this metal trading at Rs.43,280 per kg on the first day of the third week of February.
    • However, demand could not be sustained and the price of silver fell to Rs.43,030 again on the 14th. There was a marginal recovery noted in the price of silver on the 15th with the price being Rs.43,115 per kg.
    • Rates increased to Rs.43,385 per kg on 16th February and later rose to Rs.43,520 per kg on 17th February due to a sudden drop in the value of the U.S. Dollar as a result of a projected drop in growth rates for the month.
    • Local demand kept prices stable as demand fluctuated, trading at Rs.43,400 per kg on 18th February.
    • At the end of the week, silver traded at Rs.43,400 per kg on 19th February, due to sustained demand, recording a rise of Rs.120 in the price of silver during the third week of February.

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

    • The rate of silver in the last two weeks of February fluctuated slightly due to U.S. Dollar rates and an unstable demand for this metal.
    • Silver was priced at Rs.43,270 per kg on 20th February, with the price falling further to trade at Rs.43,240 per kg on 22nd February. Demand was slightly higher the next day as with silver trading at Rs.43,295 per kg.
    • Silver prices rose to Rs.43,910 per kg on 25th February, with the price increasing to Rs.44,110 per kg on 27th February.
    • Silver prices continued to rise as the month ended, trading at Rs.44,165 per kg on 28th February to record an overall increase of 3.68%. This was also the highest at which silver traded for the month of February.
    January 1st Rate Rs.39,035 per kg
    January 31st Rate Rs.41,900 per kg
    Highest Rate in January Rs.42,010 per kg on 30th January
    Lowest Rate in January Rs.39,035 per kg on 1st January
    Overall Performance Rise
    Percentage Change +7.33%

    January ‘17 - Week 1 (1st to 7th)

    • On the first day of January, silver traded at Rs.39,035 per kg which then steadily rose as the days progressed.
    • Due to variations in U.S. dollar rate, the rate of silver rose to Rs.39,110 per gram.
    • On the 4th of January, the rate of silver crossed the Rs.40,000 mark to trade at Rs.40,340 per kg.
    • Rate of silver rose to Rs.40,520 per kg which was the highest at which silver traded at for the first week of January. However, this momentum could not be sustained and rates reduced to Rs.40,440 the next day.
    • On the last day of the week, silver traded at Rs.40,390 per kg which was lower than the previous day but was nevertheless an indicator of an increase in the price of silver.

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

    • Silver prices continued to increase in the second week of January due to favourable market conditions and sustained demand.
    • Silver was priced at Rs.40,390 per kg on 8th of January, price remaining consistent due to sustained demand for this metal.
    • Price of silver rose to Rs.40,520 per kg the next day due to an increase in demand.
    • Prices rose to Rs.40,760 per kg on 10th January as demand from Asian markets was high, silver rose to Rs.41,360 per kg on 11th January.
    • Due to an increase in demand, silver traded at Rs.41,370 per kg on 12th January but reduced the following day to trade at Rs.41,230 per kg.
    • Due to market conditions that were good and the harvest festival of Sankranthi, towards the 14th of January, the price of silver shot up to Rs.41,230 which was also the price of this precious metal the previous day and continued until 15th January.

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

    • At the beginning of the third week of the month, the price of silver was steady from the previous week due to sustained demand.
    • Price of silver in the third week was relatively high and was on an upward streak with minor fluctuations.
    • Silver was priced at Rs.41,340 per kg on 16th January and rose to Rs.41,625 per kg on 17th January.
    • A minor drop in industrial demand led to silver trading at Rs.41,675 per kg on 20th January as the week ended with silver trading at Rs.41,930 per kg on 21st January.

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

    • Silver rates in the last two weeks of January were quite stable due to consistent demand.
    • Silver traded at Rs.41,930 per kg on 22nd January but decreased the next day to trade at Rs.41,860 per kg.
    • Prices reduced marginally following the Lunar New Year, as silver was priced at Rs.41,955 per kg on 24th January.
    • Silver prices fluctuated as the month ended, closing at Rs.41,900 per kg on 31st January to register a rise of 7.33%.

    Silver as an Investment in Vijayawada

    Demand for silver plummets during deficient monsoon and during a strong equity market scenario. Owing to newer applications for silver such as in microcircuits and batteries, demand for silver is further expected to increase which could also affect the investment patterns of consumers. Silver can be used as a hedge against inflation in the long term but cannot be a hedge against recession in the short term, according to market experts.

    Jewelry: Many consumers are buying silverware which has become trendy in addition to the traditional concept of gifting silver articles and jewelry pieces during auspicious occasions. South India including Vijayawada is a major market for the white metal as it is widely used to decorate idols of deities in addition to various utensils including tableware gifted during weddings and religious offerings.

    Coins or bars: Depending on several factors such as storage capacity and resale options, you could opt for silver coins or bars. Some banks in India offer 24 Carat 99.99% pure silver bars with tamper-proof certicard packs and an assay certification. Silver bars are priced on the basis of international bullion market. Many private banks quote prices including customs duty charges and other charges as part of retailing.

    ETFs: Silver exchange traded funds (ETFs) are not currently available in the country. However, investors can trade in silver ETFs in the US market. Investors can also buy stocks of reputed silver mining companies listed on the Nasdaq or Dow stock exchanges.

    Where to Buy Silver in Vijayawada?

    There are several big silver showrooms which offer pure Hallmarked silver such as Dhanya Jewellery, K R Jewellery Works, Anjaneya Jewellery, Sridevi Jewellers, Deepak Silvers, Khazana jewellery and Joyalukkas among many others.

    Also Check Silver Price in NearBy Cities of Vijayawada

    Silver Rate In Visakhapatnam Silver Rate In Chennai Silver Rate In Bangalore
    Silver Rate In Hyderabad Silver Rate In Mysore
    Also Know: Gold Rate in Vijayawada

    Read more on Silver

    Silver Rate - Sitemap

    Silver Rate In Metro Cities
    Silver Rate In Other Capitals
    Silver Rate In Other Major Cities
    Silver Rate In States
    reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.