Silver Rate in Visakhapatnam

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Silver Price in Visakhapatnam

Silver rates in Visakhapatnam depend on the demand, supply and use of the white precious metal in several domains such as industries, photography, jewelry, silverware and coins among others. Silver price patterns in Visakhapatnam are determined by jewelry and retail investment, robust industrial demand, and solar power expansion in addition to medicinal uses of silver among others.

Industry experts point out that production patterns and utilization of gold and silver differ which has an impact on the prices of the precious metals in the long term. Demand for silver shoots up if the government raises tariffs on gold imports. Also, local taxes, transportation costs besides additional costs by jewelry stores influence silver rates in Visakhapatnam.

Silver as an Investment

There are several pertinent factors to consider before investing in silver such as liquidity, storage and resale value in Visakhapatnam. Silver jewelry is more in demand in rural areas across the country whereas urban areas prefer investment in traditional silverware and coins in terms of investment, gift articles and as a status symbol.

Jewelry - Silver articles such as tableware and idols made of silver are much more in demand in Visakhapatnam in addition to gifting silver utensils during festive and auspicious occasions. However, silver jewelry is also gaining increasing popularity owing to aspirational and aesthetics-driven youngsters. Intriguingly, investment in silverware has been on a decline due to under-karating in the recent past.

Coins - Silver coins have intrinsic value or numismatic value, scarcity value and metal value, which largely depends on market demand and speculation. Coins are a solid investment in that you own real pure silver and not some paper backed by a bank.

ETFs - Silver exchange traded funds (ETFs) are not currently available in the country. Investors can nevertheless 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 Visakhapatnam?

There are several big silver showrooms which offer pure Hallmarked silver such as Khazana jewellery, Joyalukkas, Sri Kanakadurga Jewellers, Lalithambika Jewellers and GRT jewellers among many others. Daily fluctuation in silver prices is caused by short-term movements in the market which can be offset by long-term investors who can invest in silver and resell at lucrative rates.

Trend of Silver Rate in Visakhapatnam 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 Visakhapatnam 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):

• On 1 August 2018, the highest silver price for the month of August in Visakhapatnam was recorded when the metal traded at Rs.41,400 per kg.
• However, on 2 August the price of silver fell by Rs.300 per kg due to poor demand from local coin makers and jewellers. On this day, silver traded at Rs.41,100 per kg.
• After remaining stable for one day, silver prices rose by Rs.200 per kg as the demand picked up on 4 August.
• Silver closed at Rs.41,300 per kg on 5 August.

August 2018 - Week 2 (6 - 12):

• During the second week of August, the industrial demand for silver fell in Visakhapatnam causing the price of silver to decline.
• Silver opened at Rs.41,300 per kg on 6 August in Visakhapatnam.
• On 7 August, silver traded at Rs.41,200 per kg. A positive report on the U.S economy strengthened the US dollar which caused silver prices in Visakhapatnam to decline on this day.
• On 9 August, silver prices in Visakhapatnam recorded the highest silver rate of Rs.41,400 per kg for the month once again as the demand for the metal picked up.
• On 10 August, the retail and industrial demand for the metal fell significantly which caused silver prices to fall and trade at Rs.41,100 per kg.
• Silver prices in Visakhapatnam recovered marginally and closed at Rs.41,200 per kg on 12 August.

August 2018 - Week 3 (13 - 19):

• On 13 August, silver continued to trade at Rs.41,200 per kg due to steady demand for the metal.
• However, as the demand for the metal fell on 14 August, the price of silver fell sharply and traded at Rs.40,900 per kg.
• As the US unemployment data was released, it looked positive for the US economy. Therefore, the value of the US dollar increased which negatively affected silver prices in Visakhapatnam.
• Though on 15 August silver prices in Visakhapatnam rose and traded at Rs.41,100 per kg, it quickly fell to Rs.39,900 per kg on 16 August due to weak overseas trends and poor domestic demand for the metal.
• Silver traded at Rs.40,000 per kg from 17 to 19 August and closed at the same price for the week.

August 2018 - Week 4 (20 - 26):

• At the beginning of week 4 silver continued to trade at Rs.40,000 per kg.
• After remaining steady for one day, silver prices in Visakhapatnam increased by Rs.100 per kg and traded at Rs.40,100 per kg on 22 August.
• On 23 August, silver prices fell due to a strong US dollar. On this day, silver traded at Rs.39,900 per kg.
• On 24 August, the lowest silver price for the month of August was recorded when the metal traded at Rs.39,800 per kg.
• Silver prices managed to pick up during the last few days of the week and closed at Rs.40,200 per kg on 26 August.

August 2018 - Week 5 (27 - 31):

• Silver continued to trade at Rs.40,200 per kg due to steady industrial demand for the metal in Visakhapatnam.
• As the demand for the metal picked up on 28 August, silver was sold at Rs.40,400 per kg.
• 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 Visakhapatnam 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)

• Silver traded at Rs.42,800 per kg on 01 July 2018.
• On 03 July 2018, a marginal drop in silver prices was noted as the metal traded at Rs.42,400 per kg. The drop in silver prices on this day was mainly due to the drop in demand for the metal in industrial units.
• However, during the week, silver prices managed to increase as the demand from industrial units and coin makers picked up and hit Rs.42,800 per kg.
• The highest silver price for the month of July in Visakhapatnam was recorded on 9-10 July, when the metal traded at Rs.42,900 per kg.
• The increase in silver rates during the last two days of the week can be contributed to positive market trends and the declining dollar rates over all other currencies.

July 2018- Week 2 (11-17)

• Silver prices stood at Rs.42,600 at the beginning of week 2 in Visakhapatnam.
• The drop in demand for the white metal led to the drop in silver prices. Compared to week 1, silver rates fell continuously during the second week of July.
• As the industrial demand for silver dipped further, it decreased the silver price in the city. The price of silver from 12 - 14 July stood at roughly Rs.42,200.
• On 16 July 2018, silver prices slightly increased and traded at Rs.42,300 per kg. Though it was a small difference in silver rates, the increase was majorly due to the increase in demand as other external factors remained almost neutral.
• Though there was a decline in the dollar value during the last few days of the week, it did not affect silver rates much.
• Silver stood at Rs.42,100 per kg on 17 July.

July 2018- Week 3 (18 - 24)

• As of 18 July, silver was priced at Rs.41,700 per kg.
• On the first day of the week, silver rates dropped by Rs.400 per kg compared to the previous day when the white metal traded at Rs.42,100 per kg.
• Demand for silver played a huge role throughout the month and determined the silver rates in Visakhapatnam. When demand from local jewelers, merchants, coin makers, and industrial units dipped, the prices declined. When the demand picked up, the prices increased too.
• The price of silver further dipped to Rs.41,300 per kg on 20 July mainly because the value of the dollar increased.
• Silver rates between 21 - 22 July stood at Rs.41,700 per kg. Though the prices slightly picked up on 21 and 22, the rates quickly fell to Rs.41,400 per kg on 24 July.

July 2018- Week 4 (25 - 31)

• An increase of Rs.100 per kg was recorded on 25 July 2018. Silver opened at Rs.41,500 per kg.
• On 26 July, the rate of silver increased by Rs.300 per kg and traded at Rs.41,800 per kg as demand for the metal picked up.
• The price of silver stood at Rs.41,200 per kg as on 28 - 29 July. This was also the lowest silver price recorded for the month.
• By the end of the month, the price of silver increased as dollar rates dropped slightly. The metal stood at Rs.41,400 on 30 - 31 July.

Trend of Silver Rate in Visakhapatnam 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- 5 June
Overall Monthly Performance	Stable
Percentage Change	0.00%

June 2018- Week 1 (1-10)

• Silver prices in Visakhapatnam showed signs of volatility, with the metal opening the week at Rs.42,800 per kg on stable demand from industrial units.
• The recent rally by the dollar ahead of the summit between the United States and North Korea caused some turbulence on the commodity exchanges, as silver rate in Visakhapatnam fell to Rs.42,600 per kg on 2 June.
• Local industrial offtake fluctuated based on the dollar rate, as the rupee fell heavily against the dollar for most of the week.
• Prices were stable for the remainder of the week, as investor sentiment moved towards bullion, as silver ended the week priced at Rs.43,700 per kg on 10 June.

June 2018- Week 2 (11-17)

• The positive market trend continued in spite of the dollar gaining on other currencies, as silver opened the second week priced at Rs.43,900 per kg on 11 June.
• Industrial offtake kept prices stable, as both local as well as overseas industrial units increased order volumes ahead of a possible trade war.
• Silver price in Visakhapatnam jumped to Rs.44,000 per kg on 12 June before surging to Rs.45,000 per kg on 15 June on sharp dips in the dollar rate.
• The fear of a global trade war led to renewed pressure on the dollar as investors looked to bullion as a safe haven.
• Silver rate in Visakhapatnam stabilised towards the end of the week, with silver trading at Rs.44,300 per kg on 17 June.

June 2018- Week 3 (18-24)

• Silver in Visakhapatnam was priced at Rs.43,400 per kg on 18 June as prices fluctuated following the rapid drop in the dollar rate last week.
• Demand for bullion was on the decline as equity markets recovered amidst positive investor sentiment, with industrial offtake falling steadily.
• Silver Price in Visakhapatnam fell to Rs.42,900 per kg on 21 June as investors looked to short sell bullion, which affected silver sales as well.
• The continued drop in demand for silver from industrial units led to stagnating sales locally, though overseas demand kept pace with previous sessions.
• There was some fluctuation in prices towards the end of the week, though silver did not see much change in price.

June 2018- Week 4 (25-30)

• The last week of June saw silver price in Visakhapatnam decline steadily due to poor demand from industrial units, resulting in silver prices dropping steadily.
• The industrial metal was priced at Rs.43,200 per kg when trading opened on 25 June, with local coin makers reducing offtake due to the rising dollar rate.
• Stable local equity markets coupled with overseas trends led to silver prices falling to Rs.43,100 per kg on 26 June.
• The Federal Reserve meeting and a possible interest rate hike led to increased pressure on bullion, as silver rate in Visakhapatnam tumbled to Rs.42,800 per kg on 29 June.
• There was no change in price as the month ended, with silver remaining unchanged from the month’s opening price.

Trend of Silver Rate in Visakhapatnam 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):

• In Visakhapatnam, the month began with silver trading at Rs.42,000 per kg on the 1st with poor domestic demand amid the weak trend overseas. This was also the lowest recorded figure during the month.
• Strong geopolitical tensions coupled with political uncertainties led to silver rates rising considerably during the week.
• Silver prices rose to Rs.42,600 per kg on the 3rd as market participants banked on investments considered safer such as the bullion amid the ongoing US-Sino trade talks.
• Steady industrial orders from the Asian continent amid the firm market trends led to rates remain untouched for the much of the week.
• Trading concluded with the white metal prices closing at Rs.42,600 per kg on the 6th with steady local demand from industries and coin makers.

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

• Trading opened for the week with silver priced at Rs.43,200 per kg on the 7th as domestic bullion markets capitalised on the weakened US dollar and equities.
• Poor returns on the equity markets coupled with the uneven US dollar performances led to silver rates rising during the week.
• On the 8th, the industrial metal was recorded trading at Rs.43,000 per kg with overseas demand suppressed by the regaining greenback and the US stock markets.
• However, with tensions rising between North Korea and the United States, investor demand surged for silver. This led to prices rising over the next couple of days.
• The industrial metal was recorded trading at Rs.43,100 per kg on the 9th before rising to Rs.43,300 per kg on the 10th amid the positive trend overseas.
• An increase in industrial offtake for the metal brought about by strong global cues led to rates surging further to Rs.43,500 per kg on the 11th.
• Steady demand from domestic industries and coin manufacturers amid firm market trends led to silver rates in Visakhapatnam holding at Rs.43,500 per kg for the remainder of the week.

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

• The third week saw demand for silver declining as the dollar value picked up on positive market cues and rising equity markets.
• Silver was recorded trading at Rs.43,600 per kg on the 14th when the week began with strong demand from investors amid the US-North Korean summit speculations.
• Rates rose to Rs.43,300 per gram on the 15th before dropping to Rs.43,000 per gram the following day as the US dollar gained against a basket of other major emerging currencies.
• Silver prices rebounded to Rs.43,200 per kg on the 17th which dropped to Rs.43,000 per kg on the 43,000 per kg on the 18th with demand held in check by the strong US dollar.
• The week came to an end with white metal prices closing at Rs.43,100 per kg on the 20th following an incline in industrial offtake at the domestic level.

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

• Trading commenced for the month with silver prices in Visakhapatnam holding at Rs.43,100 per kg on the 21st with steady demand from local industrial units and coin makers.
• However, with political tensions rising in Europe and the Middle East, investor demand for the bullion surged. This led to silver being priced at Rs.43,500 per kg on the 23rd.
• Though priced dropped to Rs.43,300 per kg on the 24th, strong global cues coupled with steady local demand led to silver rates recovering to Rs.43,800 per kg on the 25th. This was also the highest recorded monthly figure in the city.
• Trading concluded for the week with the industrial metal priced at Rs.43,600 per kg on the 27th after domestic stabilised amid favourable market trends.

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

• The last week of trading opened with silver priced at Rs.43,000 per kg on the 28th after a strong recovery by the US dollar led to rates dropping by Rs.600 from the previous session.
• The well-performing US dollar coupled with good returns on the equity markets led to silver rates dropping considerably during the course of the week.
• The 29th saw silver prices rebounding to Rs.43,100 per kg before a decline in industrial demand led to rates plummeting to Rs.42,900 per kg on the 30th.
• The dollar surged further after the announcement by President Trump to go ahead with the previously called off meeting with North Korea. This resulted in positive market sentiments and declining investor demand for the bullion.
• Trading ended for the month with the industrial metal priced at Rs.43,100 per kg on the 31st with steady demand from domestic markets amid the firm trend overseas.
• Visakhapatnam recorded an incline of 2.61% in silver trade during the course of the month.

Trend of Silver Rate in Visakhapatnam 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)

• When trading commenced for the month, silver rates in Visakhapatnam were recorded holding at Rs.41,400 per kg on the 1st.
• Silver prices fluctuated considerably due to demand vagaries brought by uneven trends overseas during the initial week.
• The 2nd saw rates dropping to Rs.41,300 per kg before rebounding to Rs.41,600 per kg on the 3rd following an increase in industrial orders amid the weakened US dollar.
• However, with the US dollar regaining lost ground over the next couple of days, demand for the metal plunged. This led to silver prices dropping to Rs.41,300 per kg on the 4th.
• Poor trends overseas coupled with reduced domestic demand led to the white metal trading at Rs.41,000 per kg on the 5th. This was also the lowest recorded figure during the month.
• Thanks to an increase in industrial offtake over the next couple of days, rates surged to Rs.41,200 per kg on the 7th.

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

• The second week began with silver prices holding firm at Rs.41,200 per kg on the 8th with steady demand from industries and coin makers.
• Silver continued trading at Rs.41,200 per kg the next day before rising to Rs.41,300 per kg owing to an increase in domestic demand for the metal.
• The 11th witnessed the metal prices rising further to Rs.41,700 per kg following an increase in industrial purchases brought about by positive global trends.
• Strong global cues coupled with rising demand led to rates surging to Rs.42,000 per kg on the 12th.
• However, a decline in investor demand as the US dollar index rose against a basket of currencies resulted in rates dropping to Rs.41,600 per kg on the 13th.
• The 14th saw silver prices rebounding to Rs.41,900 per kg after the US-led missile strikes on Syria led to an increase in safe-haven demand for the metal globally.
• Strong global demand coupled with positive market trends led to rates remaining untouched at Rs.41,900 per kg on the 15th.

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

• Silver was priced at Rs.42,100 per kg when the week began in Visakhapatnam with strong demand from industrial units and coin manufacturers.
• Silver rates rose to Rs.42,200 per kg on the 17th before surging further to Rs.42,500 per kg on the 18th with investors gravitating towards safe-haven assets amid rising tensions in the Korean peninsula and Syria.
• Strong global demand coupled with firm market trends led to silver being priced at Rs.43,700 per kg on the 19th.
• The 20th recorded the month’s highest figures with silver trading at Rs.43,800 per kg amid the firm trend overseas.
• Thanks to steady demand from local industries and coin makers, rates remained untouched at Rs.43,800 per kg for the rest of the week.

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

• Trading commenced for the final week with the white metal priced at Rs.43,700 per kg on the 23rd with strong demand from industrial units and coin makers.
• The last week saw demand declining amid the strengthening US dollar and equity markets. This led to a drop in prices at the domestic level.
• The 24th saw silver rates plummeting to Rs.43,000 per kg with the greenback rising against a basket of other emerging currencies.
• Prices rose to Rs.43,100 per kg the next day before dropping to Rs.43,000 per kg on the 26th after local demand took a hit amid the uneven dollar performances.
• The next couple of days saw silver prices in Visakhapatnam holding at Rs.42,800 per kg amid the week trends overseas.
• Trading concluded for the month with the industrial metal priced at Rs.42,300 per kg on the 30th, recording an incline of 2.17% in silver rates during the course of the month.

Trend of Silver Rate in Visakhapatnam 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)

• Silver prices in Visakhapatnam saw considerable changes over this month’s third one day period.
• When exchanges opened for trading, silver was priced at Rs.41,100 per kg, which surged to Rs.41,600 per kg on the 3rd as demand surged.
• The white metal’s rates continued to trade at Rs.41,600 per kg on the 4th as week as demand was stedy.

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

• The second week began with silver rates holding at Rs.41,700 per kg which dropped to Rs.41,400 per kg the next day.
• On the 7th, silver rates in Visakhapatnam surged up to Rs.41,900 per kg as demand from local industries and coin makers rose.
• As demand wasn’t steady, prices went down to Rs.41,500 per kg on the 8th before dropping to Rs.41,300 per kg on the 9th.
• The week came to an end with silver rates were recorded at Rs.41,600 per kg as demand has risen quite a bit.

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

• The third week recorded fluctuations in rates as demand was even from the local market.
• On the 12th, the metal was priced at Rs.41,600 per kg, which then dropped to Rs.41,400 per kg on the 13th due to poor demand.
• Consequently, rates went up on the 14th to Rs.41,700 per kg as purchases from the local market rose suddenly.
• Due to the fact that this demand couldn’t be sustained, silver prices went down to Rs.4,1500 per kg on the 15th.
• Rates continued to fall over the remaining days of the week, and the metal was seen selling at Rs.41,300 per kg on the 16th before selling at Rs.41,100 per kg over the final two days.

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

• On the 19th, silver prices started at Rs.41,000 per kg before rising to Rs.41,200 per kg on the 20th.
• The 22nd saw the metal rates surged up to Rs.41,500 per kg and rose further to Rs.41,600 per kg the next day.
• As demand was stable, prices were steady as there was a sustained buying trend in the city.
• The week ended with silver trading at Rs.41,600 per kg.

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

• The final week of March started with silver still continuing at Rs.41,600 per kg, which moved up to Rs.41,800 per kg the next day.
• On the 28th, the white metal’s prices went down to Rs.41,500 per kg as demand took a hit.
• Over the final three days, silver rates remained at Rs.41,400 per kg as sales took a minor hit but stayed steady.
• Silver price trends saw a 0.72% this month thanks to steady change in demand.a

Trend of Silver Rate in Visakhapatnam 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):

• When trading commenced in Visakhapatnam, silver prices were recorded holding at their highest recorded monthly figure of Rs.42,600 per kg on the 1st amid the weakened US dollar ahead of the US jobs data.
• Strong global cues coupled with an increased demand for the industrial metal led to silver price in Visakhapatnam remaining untouched at Rs.42,600 per kg on the 2nd.
• The dollar, however, regained lost ground the next day after the US employment data promised more jobs and higher salaries in the US. This led to silver rate in Visakhapatnam dropping to Rs.41,700 per kg on the 3rd.
• Despite the poor trend overseas, demand for the metal in the domestic market remained steady. This led to silver prices holding steady at Rs.41,700 per kg on the 4th.

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

• The second week commenced with silver trading at Rs.41,500 per kg on the 5th following a slight decline in industrial demand from the previous week amid weak global trends.
• The 6th saw silver price in Visakhapatnam surging to Rs.41,900 per kg before plummeting to Rs.41,400 per kg on the 7th after the US dollar index gained considerable ground against other major currencies in the world market.
• The strong dollar coupled with firmer equity markets led to a decline in prices and silver was recorded trading at Rs.40,800 per kg on the 8th.
• Silver rates rose to Rs.41,000 per kg on the 9th with local demand picking up despite the poor trends overseas.
• However, demand couldn’t keep up against the rising US dollar and equities market and silver rate in Visakhapatnam plunged to Rs.40,600 per kg - the lowest recorded monthly figure - on the 10th amid the weak global cues.
• When trading concluded for the week, the white metal prices were recorded holding steady at Rs.40,600 per kg on the 11th with poor domestic demand amid the strengthened US dollar and equities.

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

• Silver was recorded trading at Rs.40,900 per kg on the 12th when the week began with the US dollar weakening ahead of the US inflation data.
• With the US dollar losing against a basket of other emerging currencies ahead of the data release, silver prices rose to Rs.41,300 per kg on the 14th.
• Rates rose further to Rs.41,400 per kg the next day after the markets refrained from making purchases and awaited the inflation data for clues on the US interest rates hike during the year.
• The 15th saw silver price in Visakhapatnam rising to Rs.41,800 per kg after the US dollar index and equities lost in the international market with investors and traders buying safe-haven assets such as gold and silver to hedge against the US inflation concerns.
• Steady demand coupled with positive trends overseas resulted in silver being priced at Rs.41,700 per kg on the 16th.
• The rest of the week silver rate in Visakhapatnam holding steady at Rs.41,700 per kg with strong demand for the metal after the US dollar hit near three-year lows in the global trade.

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

• The week began in Visakhapatnam with the white metal trading at Rs.41,600 per kg on the 19th amid the strengthening US dollar.
• With the US dollar index recovering from the previous rally of losses, silver prices plummeted to Rs.41,200 per kg on the 20th.
• Silver price in Visakhapatnam remained untouched at Rs.41,200 per kg on the 21st before rebounding to Rs.41,400 per kg on the 22nd following an incline in domestic demand from coin makers and local industries.
• The 23rd saw silver rate in Visakhapatnam rising to Rs.41,600 per kg after the US dollar lost against other apex currencies amid inflation concerns.
• Steady demand coupled with firm trends overseas led to silver being priced at Rs.41,500 per kg on the 24th.
• The week came to an end with the industrial metal prices holding steady at Rs.41,500 per kg on the 25th amid positive trends overseas.

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

• The final week began with silver rate in Visakhapatnam priced relatively higher at Rs.41,600 per kg on the 26th with investors and traders refraining from making purchases ahead of the new Federal Reserve chairman’s first speech to the nation.
• With markets expecting clues on the pace of interest rate hike from the US Federal Reserve chairman Jerome Powell’s first congressional testimony, the US dollar lost against a basket of other emerging currencies. This led to silver price in Visakhapatnam surging to Rs.41,700 per kg on the 27th.
• The dollar, however, rose the next day after the Fed chairman vowed to improve the country’s economy while continuing to increase the interest rates as planned. This led to silver rates closing at Rs.41,200 per kg on the last day.
• The month witnessed silver rates in Visakhapatnam declining by 3.28% due to the poor trends overseas that pushed demand lower during the month.

Trend of Silver Rate in Visakhapatnam 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 Visakhapatnam 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 price in Visakhapatnam fell very slightly to Rs.39,110 per kg, before going up marginally to Rs.39,115 per kg on the 4th.
• Silver rates in Visakhapatnam 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 Visakhapatnam 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 coastal 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 rate in Visakhapatnam 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 rates 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 rate in Visakhapatnam 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 prices 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 rates continue at Rs.42,200 as the demand form the previous day continued to flourish.
• Price trends surged by 8.41% this month thanks to incredible demand from local industries and other investors.

Trend of Silver Rate in Visakhapatnam 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)

• When trading commenced in Visakhapatnam, the industrial metal was priced at Rs.38,230 per kg on the 1st.
• Silver price in Visakhapatnam surged to Rs.38,815 per kg on the 2nd with the US dollar losing against a basket of other emerging currencies.
• The 5th witnessed silver rate in Visakhapatnam decline again to Rs.37,965 per kg before rebounding to Rs.38,395 per kg the next day with the dollar rising amid the firm equities.
• Demand remained low for much of the week against the strong US dollar index coupled with firm equity markets. This led to silver prices dropping as low as Rs.37,235 per kg on the 7th of December.
• Poor domestic demand coupled with unfavourable global trends led to silver rates in Visakhapatnam hitting Rs.36,620 per kg on the 8th.
• However, a steady but subdued local demand from industrial units and coin makers resulted in the industrial metal trading firm at Rs.36,715 per kg on for the remainder of the week.

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

• The second week opened with the white metal priced relatively higher at Rs.36,920 per kg on the 11th with a slight increase in industrial demand for the metal.
• The rise in demand, however, was short lived and silver price in Visakhapatnam plunged to Rs.36,620 per kg on the 12th before plummeting to a monthly low figure of Rs.36,545 per kg - the lowest recorded monthly figure - on the 13th.
• A downturn in US dollar fortunes with the dollar losing against a basket of other major currencies pushed demand higher for silver and the metal was trading at Rs.38,395 per kg on the 14th.
• The high demand, however, subsided with the dollar regaining lost ground and silver rates dropped to Rs.36,920 per kg on the 15th.
• When the week concluded silver rate in Visakhapatnam were holding steady at Rs.36,920 per kg on the 17th after the unevenly performing US dollar resulted in an increase in demand for the industrial metal.

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

• When the week began, the white metal was priced at Rs.38,395 per kg on the 18th of December.
• On the 19th, silver rate in Visakhapatnam plunged to Rs.37,600 per kg following a rise in the US dollar compounded by the poorly performing equities.
• Though prices rebounded to Rs.38,395 per kg on the 20th, the following day, witnessed silver rates plunging again to Rs.37,705 per kg owing to an unexpected decline in domestic demand from industries and coin manufacturers.
• Silver rates in Visakhapatnam rose to Rs.38,395 per kg on the 22nd before declining again to Rs.37,965 per kg the next day amid positive overseas trends.
• When the week concluded, the industrial metal was recorded trading at Rs.38,395 per kg, thanks to steady demand amid the positive global cues.

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

• When trading commenced for the week, silver was priced at Rs.38,395 per kg on the 25th. However, a poor demand from industries led to silver rates dropping to Rs.38,005 per kg on the 26th.
• Demand for the metal significantly rose during the week with the US dollar losing against other apex currencies. This led to the white metal being priced at Rs.38,275 per kg on the 27th.
• The 29th witnessed silver price in Visakhapatnam surging to Rs.38,815 per kg before rising further to Rs.39,265 per kg the next day.
• On the final day, silver traded at a monthly high figure of Rs.39,265 per kg, which was due to strong year-end investor sentiments.
• Visakhapatnam registered a incline of 2.70% in silver trade, thanks to the strong trend overseas that pushed demand higher for the industrial metal.

Trend of Silver Rate in Visakhapatnam 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 2017	Rs.40,520 per kg on 18 and 19 November
Lowest Rate in November 2017	Rs.38,640 per kg on 30 November
Overall Monthly Performance	Decline
Percentage Change	0.91%

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

• Silver rate in Visakhapatnam fluctuated during the first week owing to uneven global trends coupled with demand vagaries.
• The industrial metal was recorded trading at Rs.38,995 per kg when the week began.
• An increase in domestic demand ahead of the wedding season led to silver price in Visakhapatnam surging to Rs.39,950 per kg on the 2nd.
• Demand for the industrial metal remained steady with commodity markets having an edge over the poorly performing equity markets.
• Steady demand amid the positive trend overseas led to silver being priced at Rs.39,355 per kg on the 4th and the 5th.

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

• The week commenced with the white metal trading firm at Rs.39,355 per kg on the 6th, thanks to steady demand from the previous week’s gains.
• The news about the arrest of several diplomats and officials in Saudi Arabia broke out. This led to world markets collapsing and silver was recorded trading at Rs.40,040 per kg on the 7th due to an increase in safe-haven investments around the world.
• A weak dollar index coupled with poor equities resulted in an increase in domestic demand for the metal. This led to silver being priced at Rs.40,040 per kg on the 8th and the 9th.
• However, with the dollar recovering from the initial shock, demand declined during the week and silver rate in Visakhapatnam plunged to Rs.39,970 per kg on the 10th.
• Despite the poor trend overseas, prices remained untouched at Rs.39,970 per kg for the rest of the week owing to a subdued but steady demand from industries and coin makers.

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

• Silver trade in Visakhapatnam witnessed prices mostly influenced by the political crisis in the Middle East and the geopolitical tensions in the Korean peninsula during the week.
• The week opened with silver priced at Rs.39,870 per kg on the 13th.
• With equities market in the UK falling apart after failed negotiations over the Brexit, demand for safe-haven assets like silver surged. This led to rates rising to Rs.40,140 per kg on the 14th.
• An increase in order from the Asian continent led to the industrial metal being priced at Rs.40,240 per kg over the next couple of days.
• Though rates plunged to Rs.40,040 per kg on the 17th following a recovery by the equities market, the 18th witnessed silver rate in Visakhapatnam surging to Rs.40,520 per kg - the highest recorded monthly figure - as safe-haven investments skyrocketed globally due to the rising tensions with North Korea.
• The week concluded with the white metal trading high at Rs.40,520 per kg on the 19th.

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

• Silver was relatively lower at Rs.40,440 per kg on the 20th after markets began to stabilise from the previous week.
• With the US dollar and world markets recovering over the next couple of days, silver price dropped to Rs.39,780 per kg and Rs.29,265 per kg on the 21st and the 22nd respectively.
• However, prices rebounded to Rs.40,040 per kg on the 23rd following an increase in domestic demand from industries and coin makers.
• With tensions between the US and North Korea intensifying again, investors gravitated to investments considered safer.
• The week ended with silver rate in Visakhapatnam fluctuating and the industrial metal was recorded trading at Rs.39,780 per kg on the 26th.

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

• Demand for silver declined significantly amid the strengthening dollar and firm equity markets during the week.
• Silver opened at Rs.39,780 per kg on the 27th with steady demand from industrial units and coin manufacturers
• However, with world markets recovering amid a strong dollar index, silver price in Visakhapatnam plunged to Rs.39,680 per kg and Rs.39,115 per kg on the 28th and the 29th respectively.
• The month concluded with the industrial metal trading at Rs.38,640 per kg on the 30th. Visakhapatnam registered a loss of 0.91% in silver prices during the course of the month.

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

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 to 8th)

• The bullion’s price for the month of October opened at Rs.39,530 per kg and remained steady on the next day.
• Over the course of the week, the rates dropped due to the subdued demand from the buyers, retailers and jewellers.
• Amid the firm equity market and US dollar, the white metal’s price dropped to Rs.39,265 per kg on 3 October.
• Silver touched lowest on 5 october, trading at Rs.39,110 per kg, due to dip in the local demand.
• The week ended with silver price in Visakhapatnam at Rs.39,680 per kg due to a steady demand overseas.

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

• Silver trading in Visakhapatnam started at Rs.39,950 per Kg in the second week of October.
• Demand began to rise ahead of the festive season and traded the silver at Rs.40,060 per kg.
• Prices went up across the entire week, and was traded more or less at the same rate. On 12 and 13 October, the metal’s price was stable at Rs.40,390 per kg.
• The silver’s demand ramped up as the geopolitical tension between US and North korea was rising exponentially. On the last two day of the week, the silver remained stable due to the poor US job data.

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

• Silver opened at the highest rate on the third week of October and traded at Rs.40,440 per kg. The abundant demand of silver pre-diwali also fueled the silver’s price.
• The bullion’s price fell steeply as the week progressed due to the weak global cues and was priced Rs.40,285 per kg on 17 October, before it touched Rs.39,110 per kg on 19 October.
• This was the lowest price that was mostly due to the fall in the demand after the festive season.
• As the week drew to a close, the price remained stable at Rs.40,060 per kg due to the plummeting US dollar and equities. The rising political instability in Europe increased the appeal of the safe haven.

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

• Silver continued at the same price, similar to the last week as there were no major fluctuation over the weekend.
• On 25 October, the silver price started dropping and touched Rs.39,780 per kg due to the subdued demand from the industry.
• Silver price in Visakhapatnam fell to Rs. 39,435 per kg as the US dollar strengthened, over the weeks. This dropped the MCX silver futures rate by 0.32%.
• The bullion’s price, towards the later part of the month, dropped to Rs.39,115 per kg and was stable for the next two days.
• As the week was about to end, silver pulled eyes and was priced Rs.39,435 per kg. The rising volatility of gold’s rate along with the poorly performing stocks together inched up the silver’s demand.

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

Parameters	Silver price (per 1 kg)
Silver rate on 1st September	Rs.40,390 per kg
Silver rate on 30th September	Rs.39,530 per kg
Highest Rate in September	Rs.40,900 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 - 10th)

• The month of September endured a rather torrid period for silver sales in Visakhapatnam, despite the metal trading at a relatively high price in the initial weeks.
• On the 1st of September, silver was priced at Rs.40,390 and continued at the same rate till the closing hours of the 3rd.
• Silver rates in Visakhapatnam surged significantly to Rs.41,075 per kg on the 4th because of an increase in safe-haven demand in the US. This consequently pushed silver rates up in various cities in the country.
• As investors zeroed in on the metal to balance out the economic fall out, silver rates surged again to Rs.41,230 per kg on the 5th.
• Another day’s price surge later, silver prices in in Visakhapatnam fell to Rs.41,230 per kg after the US dollar began showing signs of recovery.
• But, North Korea’s open admission about its latest nuclear test pushed silver rates back on an upward trajectory.
• By the time the week ended, silver rates had gone up to Rs.41,900 per kg - which was the metal’s highest rate this month.

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

• This week saw silver prices in Visakhapatnam fall back to its decent levels after the impact of US - North Korea conflict seemed to fade.
• On the 11th, silver was trading at Rs.41,075 per kg, before falling to Rs.41,030 per kg on the 12th.
• Silver rates in Visakhapatnam went down to Rs.40,890 per kg on the 14th as industrial demand tanked as US dollar value picked up gradually.
• Till the 17th of this month, silver rates in Visakhapatnam remained at Rs.40,890 per kg and the week’s trading session drew to a close.

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

• The third week began on a relatively weaker note with the metal trading at Rs.40,440 per kg - a Rs.450 decline from the previous day’s closing rates.
• Prices fell again - this time by Rs.770 per kg - to trade at Rs.39,670 per kg on the 19th of the month.
• The 20th saw silver rates in Visakhapatnam go up marginally to Rs.40,060 per kg before falling back to Rs.39,670 per kg on the 21st of September.
• On the 22nd, silver rates in Visakhapatnam went up on the account of increased buying from jewellers - who stocked up to meet the upcoming festive demand.
• Silver was trading at Rs.40,040 per kg on this day and continued at the same rate till the closing hours of the week.

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

• The last week of September saw silver rates remain steady before one of the initial days saw prices rise considerably.
• On the 25th of September, the white metal was trading at Rs.39,670 per kg - a Rs.370 decline from the prices seen on the 24th of the month.
• With demand for the Dussehra season rising, and with jewellers and coin makers scaling up their purchases - silver rates went up to Rs.40,520 per kg on the 25th of September.
• However, this spike in demand was a one-time event, which led to prices falling on the 26th to Rs.39,780 per kg.
• After demand consolidated in the city, silver rates went down again on the 27th to Rs.39,530 per kg, which continued till the closing hours of the 30th.
• Despite the rise in demand towards the end of the month, silver prices in Visakhapatnam declined by 2.12% this month.

Trend of Silver Rate in Visakhapatnam for August 2017 (rate per kg)

Parameters	Silver price (per kg)
Silver Rate in 1st August	Rs.38,925 per kg
Silver Rate in 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 2017 - Week 1 (1st-6th)

• The month started off with silver trading at Rs.38,925 per kg on the 1st.
• Following a decline in industrial demand, the silver prices in Visakhapatnam dropped to Rs.38,455 per kg on the 2nd.
• Decline of the US dollar coupled with foreign trade sessions led to silver markets dropping further to Rs.37,965 per kg on the 3rd.
• On the 4th, employment data from the US employment markets directly affected the US dollar due to which silver prices rose to Rs.38,455 per kg.
• However, the silver rate in Visakhapatnam dropped to a monthly low figure of Rs.37,235 per kg on the 5th as investors backed from making purchases.
• The white metal prices remained at Rs.37,235 per kg on the 6th as purchases dropped.

August 2017 - Week 2 (7-13):

• The second week of August witnessed fluctuations in silver trade when the week began before gradually increasing towards the end.
• The white metal traded at Rs.37,295 per kg on the 7th, which further rose to Rs.38,345 per kg on the 8th as industries began to stock their inventories.
• Silver price in Visakhapatnam dropped to Rs.37,965 per kg on the 9th as demand from investors and coin makers dropped.
• Following the collapse of the US economy, industries ramped up their purchases, subsequently raising the silver rates.
• Silver traded at Rs.38,925 per kg on the 10th, which surged again to Rs.39,530 per kg on the 11th in the aftermath rising tensions between the US and North Korea.
• The week ended with silver trading at Rs.39,670 per kg on the 13th owing to steady demand from investors and retailers.

August 2017 - Week 3 (14th-20th)

• On the 14th, silver traded at Rs.39,670 per kg due to steady investments made by dealers spread throughout the city.
• Silver rate in Visakhapatnam dropped to Rs.38,815 per kg on the 16th as a result of reduced demand from industries and coin makers globally.
• The 17th witnessed silver price in Visakhapatnam surge back to Rs.39,530 per kg before falling to Rs.39,115 soon after the US dollar recovered.
• Following steady demand from investors, the white metal traded at Rs.39,115 per kg for rest of the week.

August 2017 - Week 4 (21st-27th)

• The fourth week witnessed an initial incline in silver price in Visakhapatnam towards the end of week owing to recovery of the US dollar.
• The week began with silver trading at Rs.39,115 per kg on the 21st following steady industrial demand.
• With consistent purchases made by industries and retailers, the white metal was traded at Rs.39,265 per kg on the 22nd and the 23rd.
• Silver price in Visakhapatnam were raised further to Rs.39,355 per kg on 24th before dropping to Rs.38,995 per kg on the 25th as demand for the metal declined globally.
• The white metal traded at Rs.38,995 for rest of the week, thanks to steady local demand.

August 2017 - Week 5 (28th-31st)

• The last week of August witnessed a considerable increase in silver price in Visakhapatnam throughout the week.
• Silver traded at Rs.39,435 on the 28th with the US- North Korea conflict heating up.
• With purchases spiked up by jewellers and retailers to meet local demand, silver rates touched a monthly high figure of Rs.40,190 per kg on the 29th which continued on to the 30th.
• The last day saw silver trading at Rs.40,040 per kg.
• Overall, the month witnessed an incline of 2.86% in silver trade.

Trend of Silver Rate in Visakhapatnam for July 2017 (rates per kilogram)

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 Visakhapatnam started for the month of July at Rs.38,640 per kg.
• Due to sustained buying from domestic jewellers and industrial units, rates remained unchanged on the 2nd.
• The 3rd witnessed silver prices hit a monthly high figure of Rs.38,690 per kg. This development was due to a poor performance on the part of the US dollar, which had reached near nine-month low figures.
• Silver prices fell to Rs.37,705 per kg on the 4th before going up to Rs.37,800 as strong international demand led to a hike in local trading prices.
• Rates sustained at Rs.37,115 per kg towards the end of the week as a positive US job data pushed dollar exchange values up considerably.

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

• The 10th of July saw silver trade at Rs.36,035 per kg - the lowest rate for the month - as US markets strengthened amidst a positive outlook.
• Rates, however, increased from the 11th onwards as media reports were ripe with claims that US President Trump’s family had colluded with Russia to win the election.
• The 12th again led to prices increase as US dollar tanked, which subsequently led to increased buying in the local market.
• Silver prices in Visakhapatnam were holding at Rs.36,920 per kg on the 12th and 13th as investors decided to use the situation to their advantage.
• On the 14th, prices dipped to Rs.36,270 per kg as demand seemed to reach saturation levels.
• That notion, though, was short lived as purchases ramped up on the 15th to drive prices up to Rs.37,180 per kg as US economic data was headed for a fall.

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

• On the 17th, when the third week began, 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)

• The final week’s trading began with silver 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.
• The month ended with the white metal trading at Rs.38,640 per kg. Overall, price trends in the port city of Vizag saw a 0% change as prices picked up towards the latter half of the month after a fall during the initial days of the month.

Silver Price Trends in Visakhapatnam

One gram of silver is currently pegged at Rs. 39.70 in Visakhapatnam. Silver rates in Visakhapatnam have been plummeting in the past few weeks in that one gram of silver was pegged at Rs. 41.10 in the month of May. Silver rates have been fluctuating in Visakhapatnam in line with global prices and domestic demand and investment patterns. One gram of silver was pegged at Rs. 41.10 in the month of April and Rs. 41.80, Rs. 40.20 and Rs. 42 in the months of March, February and January respectively this year.

Also Check Silver Price in NearBy Cities of Visakhapatnam

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Also Know: Gold Rate in Visakhapatnam