Silver Rate in Vijayawada

  • Today's Silver Rate in Vijayawada( 15 Aug 2020 )

    ₹ 66.95
    Today's Silver Rate per gram

    Compare Silver Rate In Vijayawada (Today & Yesterday)

    Today
    Yesterday
    Rate Change
    Silver (1 gram) ₹ 66.95 ₹ 65.01 ₹ 1.94 ↑
    Bar Silver (1 Kg) ₹ 66,950 ₹ 65,010 ₹ 1,940 ↑

    Silver Price In Vijayawada For Last 10 Days

    Date Silver (1 gram) Bar Silver (1 Kg)
    14 Aug 2020 ₹ 66.95 ₹ 66,950
    13 Aug 2020 ₹ 65.01 ₹ 65,010
    12 Aug 2020 ₹ 72.55 ₹ 72,550
    11 Aug 2020 ₹ 75.16 ₹ 75,160
    10 Aug 2020 ₹ 74.22 ₹ 74,220
    09 Aug 2020 ₹ 74.21 ₹ 74,210
    08 Aug 2020 ₹ 76.52 ₹ 76,520
    07 Aug 2020 ₹ 73.51 ₹ 73,510
    06 Aug 2020 ₹ 71.51 ₹ 71,510
    05 Aug 2020 ₹ 65.06 ₹ 65,060

    Weekly & Monthly Graph of Silver Rate in Vijayawada

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    *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 July 2020 (rates per kg)

    Parameters Silver Price (per kg)
    July 1 Rate Rs.48,560 per kg
    July 31 Rate Rs.63,010 per kg
    Highest Rate in July Rs.66,060 per kg on 30 July
    Lowest Rate in July Rs.48,510 per kg on 5 July
    Overall Monthly Performance Incline
    Percentage Change 29.75%
    • In Vijayawada, silver rates opened the month of July at Rs.48,560 per kg. There was an increase of Rs.50 in the rates when compared to the closing price of the previous month.
    • Silver rates which witnessed a lot of fluctuations over the month recorded its lowest price on 5th of July when a kilo cost Rs.48,510. The highest price for the month was recorded on the penultimate day with a kilogram costing Rs.66,060.
    • The price of silver closed the month at Rs.63,010 per kg. In Vijayawada, the overall performance of the white metal witnessed an inclining trend with the percentage change being 29.75%.

    Trend of Silver Rate in Vijayawada for June 2020 (rates per kg)

    Parameters Silver Price (per kg)
    June 1 Rate Rs.50,120 per kg
    June 30 Rate Rs.48,510 per kg
    Highest Rate in June Rs.50,160 per kg on 2 June
    Lowest Rate in June Rs.47,110 per kg on 16 June
    Overall Monthly Performance Decline
    Percentage Change -3.21%
    • Silver opened the month of June at Rs.51,120 per kg in Vijayawada. Compared to the closing price of the previous month, the rates were up by Rs.20 for every kilo.
    • The white metal recorded its highest price for the month on 2nd June with a kilo being retailed for Rs.50,160. The rates witnessed a lot of fluctuations in the city over the week and recorded its lowest on 16th June with the white metal being retailed for Rs.47,110 per kg.
    • The precious closed the month at Rs.48,510 per kg with the overall performance witnessing a declining trend with the percentage change being -3.21%.

    Trend of Silver Rate in Vijayawada for May 2020 (rates per kg)

    Parameters Silver Price (per kg)
    May 1 Rate Rs.42,530 per kg
    May 31 Rate Rs.50,100 per kg
    Highest Rate in May Rs.51,400 per kg on 25 May
    Lowest Rate in May Rs.41,010 per kg on 2 May
    Overall Monthly Performance Incline
    Percentage Change 17.79%
    • In Vijayawada, the precious metal opened the month at Rs.42,530 per kg on 1 May and dipped to Rs.41,010 per kg by 2 May with investors shifting to the equities market with a higher risk appetite expecting a faster recovery of the economy. The metal recovered marginally on 3 May to Rs.41,210 per kg and increased further to Rs.41,220 per kg on 4 May. With the value of the U.S. dollar holding strong in the international market, the price of the metal dipped to Rs.41,310 per kg on 6 May after increasing to Rs.41,510 per kg on 5 May. The price of the metal ended the week at an incline with investors shifting away from riskier assets towards the bullion market due to increased safe-haven demand. On 7 May, silver closed at Rs.42,010 per kg.
    • In the second week of the month, silver prices opened at Rs.42,060 per kg, with an incline of Rs.60 compared to the previous week’s closing price on 8 May. The price of the metal increased substantially, crossing the Rs.43,000 per kg mark to Rs.43,510 per kg on 9 May with investors focusing on the bullion in the light of the second wave of COVID-19 cases being seen in many countries of the world. The price of silver increased to Rs.43,520 per kg on 10 May, further inclining, to Rs.43,620 per kg on 11 May, boosted by a weak dollar in the market. However, on 12 May, the price of the metal dipped to Rs.43,090 per kg, further dropping to Rs.42,950 per kg on 13 May with investors focusing on the equities market and the oil market. Silver prices held steady on 14 May, increasing to Rs.42,960 per kg and closing the week on 15 May at Rs.43,160 per kg.
    • Silver prices in the third week of the month increased and opened at Rs.46,900 per kg on 16 May. The price of the metal increased by more than Rs.3,500 per kg with investors shifting to the bullion market and away from riskier assets due to rise in trade tensions yet again between China and the United States of America. The price of the metal dipped on 17 May, to Rs.46,710 per kg due to profit-taking and gold prices increased marginally on 18 May to Rs.46,720 per kg. The metal’s price increased further, crossing the Rs.48,000 per kg mark to Rs.48,510 per kg with investors awaiting the response of Washington regarding the security law being imposed on Hong Kong by China. The price of the metal dipped to below the Rs.48,000 per kg mark to Rs.47,670 per kg on 20 May. However, gold prices recovered the next day, at Rs.48,200 per kg on 21 May and increased further to Rs.48,250 per kg on 22 May. The metal closed the month with a continuing inclining trend, at Rs.48,350 per kg on 23 May.
    • In the last week of the month, silver prices opened at Rs.48,360 per kg on 24 May, increasing by Rs.100 per kg. With tensions rising between China and the United States of America, investors shifted towards the bullion market amidst safe-haven demand. The price of the metal increased and hit its highest of the month at Rs.51,400 per kg on 25 May with riots occurring in the United States of America and the trade tensions worsening. However, due to profit-taking, the price of the metal dipped and fell by Rs.3,000 per kg to Rs.48,000 per kg. With investors with a higher risk appetite shifting towards the stock market expecting the economy to recover faster, the price of the metal dipped to below the Rs.48,000 per kg mark to Rs.47,910 per kg on 28 May after increasing to Rs.48,700 per kg on 27 May. The metal’s price remained steady on 29 May at Rs.47,910 per kg and closed the month at Rs.50,100 per kg on 31 May with a monthly percentage incline of 17.79.

    Trend of Silver Rate in Vijayawada for April 2020 (rates per kg)

    Parameters Silver Price (per kg)
    April 1 Rate Rs.40,500 per kg
    April 30 Rate Rs.41,520 per kg
    Highest Rate in April Rs.42,710 per kg on 21 April
    Lowest Rate in April Rs.40,360 per kg on 6 April
    Overall Monthly Performance Incline
    Percentage Change 2.51%
    • In Vijayawada, the price of silver opened at Rs.40,500 per kg and showed an overall inclining trend throughout April. On 1 April, priced at Rs.40,5000 per kg, silver showed a steady price in the first week of the month with major trading centres in the country shut following the nation-wide lockdown imposed to prevent the spread of COVID-19 in the country. The price of the metal remained steady at the same price until 6 April, when silver prices recorded a decline at Rs.40,360 per kg and increased marginal incline to Rs.40,370 per kg on 7 April. The decline in prices was majorly due to the increased risk appetite amongst investors with the rise of the dollar value of the United States of America in the international market.
    • Silver, in the second week of April showed a steady range of prices with a few instances of inclines and declines. Opening the week at Rs.41,290 per kg on 8 April, the price of the metal increased when compared to the previous week’s closing with the safe-haven appeal of the metal increasing in the international market with the rise in the number of new COVID-19 cases all over the world. However, the metal’s price dipped in the following days, falling to Rs.40,960 per kg on 9 April. However, the price of silver increased marginally to Rs.41,000 per kg on 10 April and further to Rs.41,100 per kg on 11 April, holding steady until 12 April. The constant fluctuations in its price was due to the changes in the dollar value in the international market and various other factors such as the rise or fall in the new cases of COVID-19 in the world. On 13 April, silver prices increased marginally to Rs.41,160 per kg and further to Rs.41,310 per kg on 14 April.
    • The rise in prices was majorly due to the safe-haven demand of the metal with various central banks releasing stimulus packages to support the economy. At the beginning of the third week, silver was priced at Rs.41,920 per kg on 15 April and maintained the price range of Rs.41,850 per kg to Rs.41,900 per kg on 16 April as well. On 17 April, the metal’s price increased marginally to Rs.41,900 per kg. However, the price of the metal dipped by almost Rs.700 per kg in one day on 18 April and remained steady. The drop in prices was due to reports of a possible cure being made for the virus which increased the risk appetite of the investors and prompted them to get back to the stock market. On 19 April, the price of the metal was Rs.41,160 per kg and remained steady on 20 April as well. However, on 21 April, the white metal recorded its highest price of the week and the month at Rs.42,710 per kg with the reports of the cure fading away. With the constant rise in cases, investors shifted back to the bullion market. At the end of the week, silver prices closed at Rs.41,420 per kg on 23 April.
    • In the last week of the month, silver prices showed a heavy incline in the first half of the month. The rise in prices was due to investors shifting to the bullion market with a rise in cases and deaths all over the world due to COVID-19 and its effect on the economy. On 24 April, the price of the metal was Rs.42,430 per kg and increased to Rs.52,540 per kg on 25 April. The rise in prices was a continuous trend of the metal in the international market, with its price increasing to Rs.42,610 per kg on 27 April. However, in the last 3 days of the month, with many investors speculating the future of the lockdown in various countries and many countries easing lockdown restrictions in their countries, risk appetite increased amongst investors, shifting their focus from the bullion market to the stock market. On 28 April, the price of silver was Rs.42,210 per kg and further to Rs.41,520 per kg on 30 April, closing the month and the week at the same price. At the end of the month, silver prices recorded an overall percentage incline of 2.51.

    Trend of Silver Rate in Vijayawada for March 2020 (rates per kg)

    Parameters Silver Price (per kg
    March 1 Rate Rs.47,400 per kg
    March 31 Rate Rs.40,500 per kg
    Highest Rate in March Rs.50,700 per kg on 6 March
    Lowest Rate in March Rs.37,800 per kg on 19 March
    Overall Monthly Performance Decline
    Percentage Change -14.5%
    • The prices of silver in Vijayawada for the month of March opened at Rs.47,400 for a kg. There was no change in the silver rates when compared to 29 February 2020. On 2 March 2020, silver prices jumped by Rs.1,100 and were at Rs.48,500 for a kg.
    • During the first week of the month, silver hit its highest rate on 6 March 2020 and was at Rs.50,700 per kg. The prices of the white metal increased as investors were expecting interest rate cuts from the US Federal Reserve.
    • From 6 March 2020 to 19 March 2020, silver rates dropped substantially because of the coronavirus pandemic and a strong dollar. On 19 March 2020, silver hit its lowest price for the month and was at Rs.37,800 per kg.
    • In the last week of the month, several measures were introduced by the US Federal Reserve to help the economy during the coronavirus outbreak. This helped in the prices of the white metal remaining stagnant at Rs.40,500 per kg from 24 March 2020 to 31 March 2020. Overall, the prices of silver saw a decline of 14.5% in Vijayawada in March.

    Trend of Silver Rate in Vijayawada for February 2020 (rates per kg)

    Parameters Silver Price (per kg)
    February 1 Rate Rs.50,300 per kg
    February 29 Rate Rs.47,400 per kg
    Highest Rate in February Rs.52,900 per kg on 24 February
    Lowest Rate in February Rs.47,400 per kg on 29 February
    Overall Monthly Performance Decline
    Percentage Change -5.76%
    • In Vijayawada, amidst the increasing fears of the Coronavirus, silver opened the month of February at Rs.50,300 per kg. The metal’s prices showed a decreasing trend in the first week of the month as investors with a higher risk appetite shifted to the stock market, thus causing a fall in the safe-haven demand in the metal. This was majorly due to China’s Central Bank cutting down their reverse repo rates and liquidating funds to stabilise their economy.
    • After increasing to almost hit the Rs.50,000 per kg mark, silver prices on 10 February hit Rs.49,900 per kg and decreased throughout most of the second week of the month. After lowering to Rs. 49,500 per kg, by 15 February, the price of the metal had increased and hit the high of Rs.50,000 per kg. This was due to the rise in the cases and deaths due to the virus all over the world.
    • The metal, in the third week of the month, had shown inclining trends with South Korea reporting 5,000 new cases where people were affected by the virus. Investors shifted back to the bullion market amidst high safe-haven demand. From Rs.50,000 per kg on 15 February, the metal’s priced had increased to Rs.52,400 per kg on 22 February.
    • Silver prices recorded a rise initially in the fourth week of the month. The price of the metal had increased to hit its highest price in the month at Rs.52,900 per kg on 24 February with investors having a decreased risk appetite amidst growing tensions around the virus and its outbreak. However, with the increase in silver prices, investors looked to profit-booking, resulting in a decline in the price. At the end of the month, the metal closed at Rs.47,400 per kg on 29 February.

    Trend of Silver Rate in Vijayawada for January 2020 (rates per kg)

    Parameters Silver Price (per kg)
    January 1 Rate Rs.50,300 per kg
    January 31 Rate Rs.50,200 per kg
    Highest Rate in January Rs.52,600 per kg on 8 January
    Lowest Rate in January Rs.49,200 per kg on 30 January
    Overall Monthly Performance Decline
    Percentage Change -0.19%
    • In Vijayawada, the prices of silver for the month of January saw an overall decline of 0.19%. The prices of silver fluctuated throughout the month in Vijayawada.
    • At the beginning of the month, the prices of silver increased due to the tensions between Iran and the US. During this period, silver hit its highest rate on 8 January 2020 and touched Rs.52,600 per kg.
    • However, the prices of silver reduced after the trade deal between China and the US was signed. The concern of the coronavirus in China also affected the prices of silver.
    • On 30 January 2020, the prices of silver in Vijayawada hits its lowest rate and touched Rs.49,200 per kg.

    Also Check Silver Price in NearBy Cities of Vijayawada

    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.

    Read more on Silver

    Silver Rate - Sitemap

    News About Silver Rate in Vijayawada

    • Gold prices fall for the fourth straight day; silver prices dip

      The price of gold dipped for the fourth continuous day on 6 July, edging lower by 0.34% on the Multi Commodity Exchange. Gold prices dipped by Rs.163 to Rs.47,883 per 10 grams. On 1 July, gold hit fresh highs at Rs.48,982 per 10 grams due to an inclining international trend.

      Silver prices were trading lower, following suit, by 0.43% to Rs.48,965 per kg, dipping by Rs.212. In the international market, the price of the yellow metal held steady with the rise in COVID-19 cases in the United States of America along with a positive job data in the country and rise in risk appetite due to the vaccine. Spot gold was trading at $1,775.35 per ounce.

      In the country, gold prices have seen a percentage incline of 25% in the first half of FY20 due to the novel pandemic and its effect on the global economy along with persistent geopolitical factors and tensions building among various countries.

      3 July 2020

    • Gold prices hit record highs; silver prices in Vijayawada follow suit

      The value of gold saw an incline for the fourth consecutive day on 22 June in Mumbai. The precious metal and hit an all-time high at Rs.48,130 per 10 grams in the bullion market in the city on 22 June. The price of the metal showed an incline due to positive trends in the international market with lower risk appetite amongst investors and higher safe-haven demand of the metal.

      Silver prices also increased by Rs.730 per kg to Rs.48,825 per kg on 19 June and in the futures market, gold touched an intraday high of Rs.48,289 per 10 grams and intraday low of Rs.47,792 per 10 grams.

      Speculations on further lockdown improvisation in many countries also boosted gold prices along with the United States Federal Reserve hinting at the expected time for economic recovery to be longer. The value of 22-karat gold in Mumbai was Rs.44,087 per 10 grams plus 3% GST and 24-karat gold were priced at Rs.48,130 per 10 grams. The price of 18-karat gold was Rs.36,098 per 10 grams.

      Gold prices increased to hit the highest value of the month due to the constant rise in COVID-19 cases all over the world. With concerns growing over global economic recovery, investors shifted to the bullion market amidst increasing safe-haven demand of the metal.

      23 June 2020

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