Silver Price Trend In Bangalore

Trend of Silver Rate in Bangalore for June 2019 (rates per kg)

Parameters Silver Price (per kg)
June 1 Rate Rs.39,400 per kg
June 30 Rate Rs.40,800 per kg
Highest Rate in June Rs.41,500 per kg on 21 June
Lowest Rate in June Rs.39,400 per kg on 1 and 2 June
Overall Monthly Performance Incline
Percentage Change 3.55%
  • Silver price in Bangalore opened at Rs.39,400 per kg but rose steadily on rising retail and industrial demand, trading at Rs.39,900 per kg on 6 June despite a steady dollar rate.
  • Silver rate in Bangalore climbed to Rs.40,300 per kg on 9 June as the U.S.-China trade dispute and escalating tensions with Iran resulted in market volatility and higher demand for bullion, with prices rising to Rs.40,100 per kg on 16 June.
  • Interest in silver waned marginally with the metal falling to Rs.40,300 per kg on 19 June but weak manufacturing data resulted in investors increasing their bullion stakes, as silver traded at Rs.41,500 per kg on 21 June.
  • Prices began to decline as markets and the dollar recovered from their earlier losses, with the industrial metal trading at Rs.40,700 per kg on 28 June before settling at Rs.40,800 per kg on 30 June.

Trend of Silver Rate in Bangalore for May 2019 (rates per kg)

Parameters Silver Price (per kg)
May 1 Rate Rs.40,500 per kg
May 31 Rate Rs.39,400 per kg
Highest Rate in May Rs.40,500 per kg on 1 and 2 May
Lowest Rate in May Rs.39,200 per kg from 20-22 May
Overall Monthly Performance Decline
Percentage Change -2.71%
  • Silver rate in Bangalore opened the month at Rs.40,500 per kg as industrial demand remained muted due to a steady U.S. dollar, which capped gains.
  • Despite ongoing tensions over the Sino-U.S. trade crisis, demand was sluggish as steady equities reduced investor interest in bullion, with local retail sales dropping steadily.
  • Weak demand from coin makers and a rally by the dollar resulted in silver price in Bangalore plunging to a low of Rs.39,200 per kg on 20 May, though there was a marginal recovery as the week progressed due to fluctuating equity performance globally.
  • The end of the month saw silver rise to Rs.39,400 per kg as fears of a global trade war resulted in higher bullion offtake overseas, though the metal lost 2.71% in value during the month.

Trend of Silver Rate in Bangalore for April 2019 (rates per kg)

Parameters Silver Price (per kg)
April 1 Rate Rs.40,600 per kg
April 30 Rate Rs.40,500 per kg
Highest Rate in April Rs.41,000 per kg on 1 April
Lowest Rate in April Rs.40,200 per kg on 15 and 24 April
Overall Monthly Performance Decline
Percentage Change -0.24%
  • The month started off with the silver rate in Bangalore standing at Rs.40,600 per kg. This was the same price it stood at on the last day of the previous month.
  • An increased local and industrial demand in for the metal clubbed with a subdued dollar cause the price of silver in the city to surge to Rs.41,000 per kg on 9 April.
  • Weak economic trends and a revived dollar weakened the price of silver, and on 15 April the metal stood at its lowest for the month. Silver was trading at Rs.40,200 per kg.
  • Failing to really recover, the price of silver remained relatively stagnant, and on the 24th it still stood at Rs.40,200 per kg, also the lowest point for the metal in the month. Regaining a few points by the month-end, silver price in Bangalore on 30th stood at Rs.40,500 per kg, recording a declining trend for the month.

Trend of Silver Rate in Bangalore for March 2019 (rates per kg)

Parameters Silver Price (per kg)
March 1 Rate Rs.42,700 per kg
March 31 Rate Rs.40,600 per kg
Highest Rate in March Rs.42,700 per kg on 1 March
Lowest Rate in March Rs.40,200 per kg on 29 March
Overall Monthly Performance Decline
Percentage Change -4.91%
  • Silver price in Bangalore saw a steady decline as the metal suffered from demand vagaries as a result of fluctuating interest from local and overseas industrial units after opening at a steady Rs.42,700 per kg.
  • A depreciating rupee and waning interest from coin makers due to rising import costs saw silver rate in Bangalore drop to Rs.41,600 per kg on 10 March before further falling to Rs.41,000 per kg on 17 March as investors switched to equities.
  • A marginal recovery in price was seen as silver rose to Rs.41,300 per kg on 23 March as fears of a global economic slowdown resulted in a rise in bullion offtake but prices dropped to Rs.41,100 per kg on 27 March as demand could not sustained.
  • Silver rates declined as the month drew to a close as local demand was unable to sustain prices, with the metal trading at Rs.40,200 per kg on 29 March before inching higher to trade at Rs.40,600 per kg on 31 March.

Trend of Silver Rate in Bangalore for February 2019 (rates per kg)

Parameters Silver Price (per kg)
February 1 Rate Rs.43,900 per kg
February 28 Rate Rs.43,300 per kg
Highest Rate in February Rs.44,100 per kg on 5 February
Lowest Rate in February Rs.42,700 per kg on 14 February
Overall Monthly Performance Decline
Percentage Change -1.36%
  • Silver traded at Rs.43,900 per kg on 1 February, rising steadily to Rs.44,100 per kg on 5 February as local demand and overseas investor interest was high.
  • Prices fell as the U.S. dollar rebounded which reduced local industrial offtake as silver price in Bangalore dropped to Rs.42,700 per kg on 14 February though overseas industrial orders remained constant.
  • Fears over the impact of Brexit and the ongoing Sino-U.S. trade dispute resulted in volatility across equity markets as investors sought safe-haven bullion, resulting in silver rate in Bangalore rising to Rs.44,000 per kg on 20 February.
  • Conflicting cues and falling demand from coin makers affected prices towards the end of the month, with overseas interest also waning due to a more hawkish Federal Reserve stance as silver traded at Rs.43,300 per kg on 28 February.

Trend of Silver Rate in Bangalore for January 2019 (rates per kg)

Parameters Silver Price (per kg)
January 1 Rate Rs.41,500 per kg
January 31 Rate Rs.43,900 per kg
Highest Rate in January Rs.43,900 per kg on 30 and 31 January
Lowest Rate in January Rs.41,400 per kg on 2 January
Overall Monthly Performance Incline
Percentage Change 5.78%?
Comparison for 1 gram Silver Rates for Bangalore January'19

Silver Rate Trend in Bangalore for January 2019:

  • Silver rate in Bangalore was at Rs.41,500 per kg on 1 January and rose to Rs.42,600 per kg on 10 January as local industrial demand was on the rise due to favourable market cues.
  • Asian industrial demand was muted due to the trade sanctions on China which was reflected in a slight dip in price when silver traded at Rs.42,100 per kg on 19 January.
  • Market uncertainty over the impact of Brexit and the U.S. government shutdown resulted in renewed investor interest in bullion as silver prices recovered to trade at Rs.43,200 per kg on 26 January.
  • The surge in demand for silver from coin makers and retail sales boosted the metal’s value significantly as silver price in Bangalore closed the month at Rs.43,900 per kg to record a rise of 5.78% during the month.

Trend of Silver Rate in Bangalore for December 2018 (rates per gram)

Parameters Silver Price (per kg)
December 1 Rate Rs.38,500 per kg
December 31 Rate Rs.41,500 per kg
Highest Rate in December Rs.41,500 per kg on 31 December
Lowest Rate in December Rs.38,500 per kg on 1 December
Overall Monthly Performance Incline
Percentage Change 7.79%
Comparison for 1 gram Silver Rates for Bangalore December'18

Silver Rate Trend in Bangalore in December 2018

  • Silver prices saw a gradual incline in the month of December. The global demand increased post the falling of the dollar value against other currencies.
  • Silver rate in Bangalore on 1 December 2018 was Rs.38,500 per kg and increased through the month due to the strengthening of the rupee against the dollar.
  • The US-China trade truce resulted in the market crash leading to the decrease in the dollar value against other currencies. As the markets crashed, investors inclined to the bullion for investing money, resulting in more demand and increased prices.
  • On 31 December 2018, the price of the metal closed at Rs.41,500 per kg leading to an incline of 7.79%.

Trend of Silver Rate in Bangalore for November 2018 (rates per kg)

Parameters Silver price (per kg)
November 1 Rate Rs.40,900 per kg
November 30 Rate Rs.38,800 per kg
Highest Rate in November Rs.41,500 per kg from 2-4 and 6 November
Lowest Rate in November Rs.38,800 per kg on 30 November
Overall Monthly Performance Decline
Percentage Change -5.13%

Silver Rate Trend in Bangalore for November 2018:

  • Over the course of November, the silver rate in Bangalore was more or less in a state of gradual decline. It started the month at Rs.40,900 per kg before reaching its monthly high at Rs.41,500 per kg in the first week.
  • This was then followed by a steady drop in the value of the industrial metal, led by recovering equities, rising dollar, and a weak rupee. A decline in the demand for silver from industrial units and coin makers also played a part here.
  • As the month progressed, the price dipped below the Rs.40,500 per kg mark in Bangalore. On many occasions, silver rate in Bangalore dipped into the Rs.39,000 per kg and eventually, it ended the month at Rs.38,800 per kg. This marked an overall monthly drop of 5.13%.
Trend of Silver Rate in Bangalore for October 2018 (rates per gram)
Parameters Silver price (per kg)
October 1 Rate Rs.41,100 per kg
October 31 Rate Rs.41,200 per kg
Highest Rate in October Rs.42,000 per kg on 3 October
Lowest Rate in October Rs.41,100 per kg on 1 and 2 October
Overall Monthly Performance Incline
Percentage Change 0.24%

October 2018 - Week 1 (1 - 7):

  • The first week began with silver priced at Rs.41,000 per kg on the 1st with strong domestic demand from industrial units and coin makers amid favourable market cues.
  • The US dollar index lost against a basket of other major currencies ahead of the US Federal Reserve monetary policy meeting. This led to silver prices surging to Rs.42,000 per kg on the 3rd.
  • The week came to an end with the industrial metal trading at Rs.41,900 per kg on the 7th, registering a Rs.800 surge in rates from the first day’s figure.

October 2018 - Week 2 (8 - 14):

  • The second week commenced with silver rate in Bangalore holding at Rs.41,500 per kg on the 8th after a strong recovery by the dollar led to prices plummeting by Rs.400 from the previous session’s figures.
  • Strong US dollar performances coupled with the well-performing equity markets led to silver prices tumbling to Rs.41,200 per kg on the 9th.
  • The week concluded with silver priced at Rs.41,500 per kg on the 14th with steady demand from local industries and coin makers amid firm market trends overseas.

October 2018 - Week 3 (15 - 21):

  • The week began with silver priced at Rs.41,900 per kg on the 15th before an increase in US dollar index value coupled with reduced local demand led to rates plummeting to Rs.41,400 per kg on the 17th.
  • However, with the US stock markets plummeting amid the dropping US dollar, demand for the metal surged and silver in Bangalore was priced at Rs.41,700 per kg on the 17th.
  • With demand stabilising towards the end of the week, prices dropped to Rs.41,400 per kg on the 21st with subdued demand from industries and coin makers amid the poor trends overseas.

October 2018 - Week 4 (22 - 28):

  • Trading opened for the week with silver priced at Rs.41,500 per kg on the 22nd with steady domestic demand amid the firm market cues overseas.
  • Silver rates surged to Rs.41,900 per kg on the 24th as safe-haven demand for the metal surged amid the falling rupee and fluctuating markets.
  • The week ended with silver trading at Rs.41,700 per kg on the 28th with subdued demand from local industries and coin makers amid the recovering dollar and equities.

October 2018 - Week 5 (29 - 31):

  • The last week began with silver price in Bangalore holding at Rs.41,600 per kg on the 29th with domestic demand on the demand amid the unfavourable market cues overseas.
  • Rates dropped further towards the end of the month with the US dollar index regaining lost ground against a basket of other major emerging currencies, bring down global demand for the industrial metal.
  • Trading concluded for the month with the white metal priced at Rs.41,200 per kg on the 31st, registering a 0.24% incline in silver rates during the course of the month.

Trend of Silver Rate in Bangalore 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%

September 2018- Week 1 (1-8)

  • On 01 September 2018, silver traded at Rs.40,000 per kg amid steady demand for the metal.
  • However, as the demand for silver fell, the price of the metal fell and hit a monthly low of Rs.39,500 per kg on 5th and remained unaffected till the 7th of September.
  • By the end of the week, silver rates in Bangalore recovered and closed at Rs.39,700 per kg as the ongoing trade war negatively affected the stock market and investors turned towards safe-haven assets.

September 2018- Week 2 (9-15)

  • Silver continued to trade at Rs.39,700 per kg when the second week began and quickly inclined to Rs.39,900 per kg from 11 to 13 of September.
  • During this week, the value of the dollar weakened as the US inflation data was not as bad as expected and it weakened the policy tightening case proposed by the US Federal Reserve.
  • The silver rate dipped in the last few days of the week due to muted demand and traded at Rs.39,800 per kg on 14 and closed at Rs.39,500 per kg.

September 2018- Week 3 (16-22)

  • On 16 September, silver opened at Rs.39,500 per kg but increased throughout the week as the value of the US dollar weakened due to the ongoing trade war tension.
  • Silver rates surged to Rs.39,700 per kg, Rs.39,800 per kg, and Rs.40,000 per kg on 17, 18, and 19 September respectively.
  • Though the value of the rupee declined, silver rates further inclined and closed at Rs.40,100 per kg on 20 and 21 September.

September 2018- Week 4 (23-30)

  • In Bangalore, silver opened at Rs.40,300 per kg on 23 September.
  • Due to weak demand, the price of the metal fell to Rs.40,000 per kg on 24 September but silver rates quickly inclined to Rs.40,200 per kg on 25 and further inclined to Rs.40,800 per kg on 26 September.
  • Silver hit a monthly high of Rs.41,200 per kg on 29 and 30 September and recorded an overall incline of 3%.
Also Know: Gold Rate in Bangalore

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

Parameters Silver price (per kg)
August 1 Rate Rs.41,400 per kg
August 31 Rate Rs.40,300 per kg
Highest Rate in August Rs.41,400 per kg on 1 and 9 August
Lowest Rate in August Rs.39,800 per kg on 24 August
Overall Monthly Performance Decline
Percentage Change -2.65%

August 2018- Week 1 (1-5)

  • The start of the month saw silver prices in Bangalore remain stable as local industrial demand and a falling rupee balanced fluctuations.
  • Silver traded at Rs.41,400 per kg when trading opened on 1 August before prices fell marginally on dollar fluctuations.
  • In spite of steady demand, silver rates fell to Rs.41,000 per kg on 3 August as fluctuating currencies capped gains.
  • Local demand saw a marginal rise as the rupee strengthened, resulting in silver trading at Rs.41,300 per kg on 5 August.

August 2018- Week 2 (6-12)

  • Silver prices in Bangalore saw some fluctuations as the week began due to volatile markets, though prices regularised over the course of the week.
  • Trading opened with silver priced at Rs.41,300 per kg on 6 August and remained constant for a few days as local demand was static.
  • As the U.S. and China imposed retaliatory tariffs on each other, global markets fell but prices dropped to Rs.41,100 per kg on 10 August.
  • Prices rose as the week ended, with the metal priced at Rs.41,200 per kg on 12 August.

August 2018- Week 3 (13-19)

  • Demand was on the rise as investors looked to bullion as a hedge due wildly fluctuating markets, with the metal opening the week at Rs.41,200 per kg on 13 August.
  • A drop in local industrial demand led to a drop in silver rates in Bangalore, though international demand was stable.
  • Prices fell to Rs.39,990 per kg on 16 August as the Federal Reserve’s indication of a rate hike led to investors staying away from bullion.
  • The end of the week saw a marginal rise in price as silver traded at Rs.40,000 per kg on rising demand from coin makers.

August 2018- Week 4 (20-26)

  • There was no change in price with silver trading at Rs.40,000 per kg on 20 August, as global markets were sluggish after poor results from China.
  • The dollar recovered after drops in the previous week but local demand for silver was high, as the metal traded at Rs.40,100 per kg on 22 August.
  • The falling rupee made importing silver more expensive and resulted in a drop in local demand, as prices began to fall.
  • Silver rates in Bangalore closed at Rs.40,200 per kg on 26 August after a late rally by the commodity.

August 2018- Week 5 (27-31)

  • The last week saw silver prices fall as sluggish demand and market trends pushed prices lower.
  • Trading began with silver priced at Rs.40,200 per kg on 27 August on static local demand, in spite of growing demand in Europe.
  • The strain on European markets due to Brexit negotiations and a falling Euro prompted investors to increase bullion purchases, as silver rose to Rs.40,400 per kg on 28 August.
  • Prices fell on demand fluctuations, with the industrial metal trading at Rs.40,300 per kg on 29 August.
  • There was no change in price for the rest of the week, as silver rates closed the month at Rs.40,300 per kg to register a loss of 2.65% on poor demand.

Trend of Silver Rate in Bangalore 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 rates in Bangalore for the month of July commenced at Rs.42,800 per kg.
  • On 3 July, the city experienced a dip in silver rates that can be associated with the drop in industrial demand. The price in the city declined to Rs.42,400 per kg.
  • The price of the metal then rose marginally in Bangalore to Rs.42,800 and remained the same for the following few days. The local industrial offtake had been fluctuating during this time as well.
  • At the end of the first week of July, the silver rate rose to Rs.42,900 per kg. This rate was recorded between the 9 - 10 of July. This increment can be linked to the positive market trends and the declining dollar value with relation to other currencies.

July 2018- Week 2 (11-17)

  • The second week of July began with the silver price dropping to Rs.42,600. The drop in the silver rate was caused due to the weak demand for the metal.
  • The industrial demand for silver in Bangalore reduced further during the second week as the price of the metal, from 12 - 14 July, stood at roughly around Rs.42,200 per kg.
  • Industrial demand for the metal then stabilised and silver price in Bangalore stabilised as well. The price of the metal as on 16 July stood at Rs.42,300 per kg.
  • On 17 July, the end of Week 2, the price of silver in Banglore was recorded at Rs.42,100 per kg.

July 2018- Week 3 (18 - 24)

  • The start of Week 3 in July saw a decline in silver prices in Bangalore as it dropped to Rs.41,700 per kg. This was the price as recorded on 18 July. The drop in silver rates may be caused due to the drop in industrial demand for the metal.
  • On 20 July, the dollar value in comparison with other currencies rose which caused silver prices to drop to Rs.41,300 per kg.
  • Demand for the metal increased in the following few days, which led to the increment in the silver rate. The price of silver in Bangalore on 21 - 22 July stood at Rs.41,700 per kg.
  • The price of the metal then declined towards the end of the week in Bangalore as it stood at Rs.41,400 per kg on 24 July.

July 2018- Week 4 (25 - 31)

  • Steady industrial demand for the metal caused the price of silver to drop to Rs.41,500 per kg on 25 July.
  • Due to the decline of dollar value, silver prices spiked on 26 July to Rs.41,800 per kg. However, demand for the metal dropped which naturally caused the decline in silver prices over the next few days.
  • As on 28 - 29 July, the price of silver stood at Rs.41,200 per kg.
  • By the end of the month, the price of silver increased as dollar rates dropped slightly. The metal stood at Rs.41,400 on 30 - 31 July.

Trend of Silver Rate in Bangalore 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):

  • When the week began, silver was recorded trading at Rs.42,800 per kg on the 1st with steady demand from local industries and coin manufacturers amid firm overseas trends.
  • With the US dollar gaining against other major emerging currencies, the dollar strengthened. This led to rates dropping to a monthly low of Rs.42,600 per kg on the 2nd.
  • Prices remained untouched at Rs.42,600 per kg until the 5th with subdued local demand amid the poor trend overseas.
  • However, with markets speculating over contradicting opinions by the participating nations at the G7 summit, the dollar weakened during the week.
  • This led to silver prices rising to Rs.43,900 per kg on the 6th, which dropped marginally to Rs.43,800 per kg the next day as demand stabilised at the global level.
  • Silver rates dropped further to Rs.43,600 per kg on the 8th before rebounding to Rs.43,700 per kg the following day after the US President blamed the heads of other participating nations in the G7 summit for inappropriate trade practices.
  • The week came to an end with the industrial metal prices holding firm at Rs.43,700 per kg on the 10th with steady domestic demand coupled with positive trend overseas.

June 2018 - Week 2 (11 - 17):

  • The week opened with silver trading at Rs.43,900 per kg - an increase of Rs.200 - on the 11th with investors capitalising on the previous session’s gains on the commodity markets.
  • The 12th saw prices rising further to Rs.44,000 per kg amid favourable market cues before plummeting to Rs.43,900 per kg the next day following successful talks at the US-North Korean summit.Silver Rate
  • The US dollar, however, lost its ground after the US dollar index lost against a basket of currencies following the Federal Reserve’s decision to leave the interest rates untouched. This led to demand rising over the next couple of days.
  • Silver was recorded trading at Rs.44,300 per kg on the 14th before surging to a monthly high of Rs.45,000 per kg on the 15th amid favourable market cues coupled with strong industrial demand for the metal.
  • The next couple of days prices dropping to Rs.44,300 per kg with domestic demand stabilising as investors backed down from purchases amid the recovering dollar and gaining equities.

June 2018 - Week 3 (18 - 24):

  • When trading began for the third week, silver was recorded trading at Rs.43,400 per - a drop of Rs.900 - on the 18th after the well-performing US dollar and stock markets led to a decline in investor demand for the metal.
  • Though rates rose to Rs.43,500 per kg on the 19th, prices plummeted to Rs.43,100 per kg the following day with domestic demand capped by the strong greenback.
  • Rates dropped further to Rs.42,900 per kg on the 21st on account of poor demand from local industries and coin makers amid the weak global cues.
  • Trading concluded for the week with the white metal prices holding at Rs.42,900 per kg on the 24th with demand flatlined by the strong dollar performances during the week.

June 2018 - Week 4 (25 - 30):

  • When trading began for the final week, silver prices in Bangalore were recorded holding at Rs.43,200 per kg on the 25th with domestic markets on the rise with strong retail demand for the metal.
  • The next two days saw local demand capped by the rising dollar and silver was priced at Rs.43,000 per kg on the 28th.
  • Poor trends overseas coupled with subdued demand from industrial units and coin makers led to silver rates dropping further to Rs.42,800 per kg on the 29th.
  • The month came to an end with the industrial metal priced at Rs.42,800 per kg on the 30th and Bangalore witnessed silver trading closing with no change in the overall monthly performance during the month.

Trend of Silver Rate in Bangalore for May 2018 (rates per kg of silver)

Parameters Silver price (per kg)
May 1 Rate Rs.42,000 per kg
May 31 Rate Rs.43,100 per kg
Highest Rate in May Rs.43,800 per kg on 25 May
Lowest Rate in May Rs.42,000 per kg on 1 May
Overall Monthly Performance Incline
Percentage Change 2.61%

May 2018 - Week 1 (1st - 6th):

  • Trading opened for the month with silver priced at Rs.42,000 per kg on the 1st with consistent demand from industrial units and coin makers amid positive market cues.
  • The week saw a significant rise in safe-haven demand for the bullion with political uncertainties between the US and North Korea coupled with the US-Sino trade talks pushing demand higher for the asset.
  • The 3rd saw silver price in Bangalore rising to Rs.42,600 per kg with strong industrial offtake amid the firm trend overseas.
  • However, with the US dollar regaining lost ground, demand for the metal subsided as the week progressed.
  • The week came to an end with the white metal trading at Rs.42,600 per kg on the 6th with subdued demand from domestic industries amid the strengthened US dollar.

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

  • Silver price in Bangalore dropped initially before gradually improving amid the unevenly performing US dollar and equity markets during the week.
  • The week began with the industrial metal trading at Rs.43,200 per kg on the 7th with steady domestic interest in the metal.
  • With the US dollar gaining against a basket of other emerging currencies, demand plunged. This led to silver being priced at Rs.43,000 per kg on the 8th.
  • Demand for safe-haven assets such as the bullion surged as the US dollar and stock markets tumbling with tensions escalating between North Korea and the United States. This led to prices rising over the next few days.
  • Silver was recorded trading at Rs.43,100 per kg on the 9th before surging further to Rs.43,300 per kg on the 10th amid the positive trend overseas.
  • Thanks to an increase in domestic demand from industrial units and coin manufacturers,Silver rate in Bangalore surged to Rs.43,500 per kg on the 11th.
  • Steady global demand coupled firm market cues resulted in silver trading at Rs.43,500 per kg for the remainder of the week.

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

  • The third week began in with silver rate in Bangalore holding at Rs.43,600 per kg on the 14th with market participant speculating ahead of the US-North Korean summit.
  • Silver price in Bangalore plunged over the next couple of days with demand suppressed by the strengthening US dollar and equity markets.
  • The industrial metal was recorded trading at Rs.43,300 per kg on the 15th, which dropped to Rs.43,000 per kg the next day on account of the poor overseas market trends that pushed demand local at the domestic level.
  • Prices rose to Rs.43,200 per kg on the 17th before plunging to Rs.43,000 per kg on the 18th as the dollar rose against other emerging currencies at the global level.
  • The week came to an end with the white metal priced at Rs.43,100 per kg on the 20th with subdued but steady demand from local coin manufacturers and industries amid the weak trend overseas.

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

  • The week saw silver rate in Bangalore rising considerably with strong global cues pushing demand higher during the course of the week.
  • Silver was priced at Rs.43,100 per kg on the 21st when the week began amid firm overseas trends.
  • Thanks to strong investor demand brought about by rising geopolitical tensions in Iran and Europe during the week, demand for the safe haven surged globally.
  • The industrial metal was recorded trading at Rs.43,500 per kg on the 23rd with strong demand for the metal.
  • Silver price in Bangalore plunged to Rs.43,300 per kg on the 24th before rebounding to Rs.43,800 per kg the following day after the US greenback lost against a basket of other apex currencies.
  • The week came to an end with the white metal prices holding at Rs.43,600 per kg on the 27th as local demand stabilised after the previous rally of domestic gains.

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

  • The last week began with silver trading at Rs.43,000 per gram on the 28th after an increase in the dollar value from the previous session led to rates declining.
  • The next day rates rising to Rs.43,100 per kg before plummeting to Rs.42,900 per kg on the 30th as the dollar strengthened after President Trump assured the recently cancelled summit with North Korea to go ahead as planned.
  • Trading concluded for the month with silver price in Bangalore holding at Rs.43,100 per kg on the 31st, registering an incline of 2.61% in silver trade during the month.

Trend of Silver Rate in Bangalore for April 2018 (rates per kg)

Parameters Silver price (per kg)
April 1 Rate Rs.41,400 per kg
April 30 Rate Rs.42,300 per kg
Highest Rate in April Rs.43,800 per kg on 20 and 22 April
Lowest Rate in April Rs.41,000 per kg on 5 April
Overall Monthly Performance Incline
Percentage Change 2.17%

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

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

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

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

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

  • Change in overnight cues helped silver rate in Bangalore to open at Rs.42,100 per kg - a Rs.200 increase from the previous week’s closing price.
  • This week saw silver rates increase by a massive extent as the US markets and the dollar decline amidst major conflicts.
  • Silver price in Bangalore surged consistently over the next few days as a number of conflicts relating to the US helped safe haven assets to gain considerably.
  • The 19th saw silver trade at RS.43,700 per kg -a strong rise of over Rs.1000 per kg before another rise was recorded on the 20th.
  • During the 20th and the 22nd - the final day of the week, silver traded at Rs.43,800 per kg - the month’s highest rates as demand was on the rise amid a weak dollar.

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

  • The final week of April opened for trading with the metal trading at Rs.43,700 per kg. This week saw the US dollar gain considerably against other major currencies.
  • A rising dollar brought about a decline in silver price in Bangalore this week.
  • On the 24th, silver rates went down to Rs.43,000 per kg before inclining slightly to Rs.43,100 per kg on the 25th.
  • By the 27th and 28th, silver rates went down to Rs.42,800 per kg as local demand plummeted ahead of a weak demand.
  • On the final day of this month, silver was seen holding at Rs.42,300 per kg - a Rs.1400 drop compared to the week’s opening rates.
  • Silver rate in Bangalore recorded a 2.17% incline this month, thanks to a weakened dollar and strong cues from the global market.

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

Parameters

Silver price (per kg)

March 1 Rate

Rs.41,100 per kg

March 31 Rate

Rs.41,400 per kg

Highest Rate in March

Rs.41,900 per kg on 7 March

Lowest Rate in March

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

Overall Monthly Performance

Incline

Percentage Change

0.72%

March 2018 – Week 1 (1 – 4):

  • Trading opened in Bangalore with the industrial metal priced at Rs.41,100 per kg on the 1st of March with strong demand amid positive global cues.
  • The week saw prices greatly influenced by the poorly performing equities and dollar that pushed demand higher for the white metal.
  • On the 2nd, with the US dollar losing against other apex currencies in the international markets, silver price in Bangalore rose to Rs.41,400 per kg.
  • With the global bullion market performing well against the equity markets, silver rate in Bangalore rose to Rs.41,600 per kg on the 3rd.
  • Trading concluded for the month with silver prices holding steady at Rs.41,600 per kg on the 4th, thanks to steady demand from local industries and coin makers amid the positive global cues.

March 2018 – Week 2 (5 – 11):

  • Trading commenced for the second week silver priced at Rs.41,700 per kg on the 5th amid firm trends from the previous week.
  • Strong market uncertainties coupled with varying demand led to silver prices fluctuating throughout the week.
  • Silver price in Bangalore plunged to Rs.41,400 per kg on the 6th as the US dollar index gained against a basket of other major emerging currencies in the world market.
  • However, an increase in industrial offtake for the metal despite the poor trend overseas led to silver rates rebounding to Rs.41,900 per kg on the 7th. This was also the highest recorded monthly figure in Bangalore.
  • With the US dollar regaining lost ground against other apex currencies, silver rates in Bangalore plunged to Rs.41,500 per kg on the 8th.
  • Prices dropped further to Rs.41,300 per kg the next day before silver rates stabilised at Rs.41,600 per kg on the 10th following an increase in purchases made by industries and coin makers.
  • The week came to an end with the white metal prices holding at Rs.41,600 per kg on the 11th with steady demand amid positive market trends.

March 2018 – Week 3 (12 – 18):

  • The week opened in Bangalore with silver price in Bangalore holding firm at Rs.41,600 per kg on the 12th with domestic markets capitalising on the weakened US dollar and equity markets.
  • Rates plummeted to Rs.41,400 per kg the next day as the greenback gained significant ground after the US jobs data reported an incline in the number of jobs contributing to the nation’s economic growth.
  • However, the sudden dismissal of the US Secretary of State Rex Tillerson by President Trump led to people doubting his presidency. This led to the dollar losing against other major currencies and silver was priced Rs.41,700 per kg on the 14th.
  • With investors and traders refraining from making purchases ahead of a possible interest rate hike by the central bank, silver rate in Bangalore plunged to Rs.41,500 per kg on the 15th.
  • The strengthening greenback coupled with well-performing equities led to demand tumbling over the next few days. Silver was priced Rs.41,300 per kg on the 16th before plunging to Rs.41,100 per kg on the 17th with poor industrial demand amid weak market cues.
  • Despite the poor trends overseas, steady demand from industrial units and coin makers led to silver prices holding firm at Rs.41,100 per kg for the rest of the week.

March 2018 – Week 4 (19 – 25):

  • Trading opened with the white metal priced relatively lower at Rs.41,000 per kg on the 19th after the US dollar capitalised on its gains from the previous session.
  • Though prices rose to Rs.41,200 per kg the next day with local markets ramping up purchases to stock up their inventories, the strengthening US greenback coupled with firmer equities led to silver prices plunging to Rs.41,000 per kg on the 21st.
  • The 22nd saw silver rate in Bangalore rising to Rs.41,500 per kg as investors and stockists leaned on to assets considered safer such as the bullion amid the unevenly performing equities and stock markets.
  • With investors mulled over the possible Fed rate hike by the central bank, the US dollar tumbled. This led to silver rates in Bangalore surging further to Rs.41,600 per kg on the 23rd.
  • Steady demand coupled with firm trends overseas resulted in silver price in Bangalore remaining untouched at Rs.41,600 per kg on the 24th.
  • The week came to an end with the white metal prices holding steady at Rs.41,600 per kg on the 25th after domestic markets tracked a positive trend overseas amid the weakened US dollar and equities.

March 2018 – Week 5 (26 – 31):

  • The last week saw silver price in Bangalore rising initially before the recovering US dollar and equities resulted in muting the demand as the week progressed.
  • Silver was priced at Rs.41,600 per kg on the 26th when the week began with firm market trends from the previous week.
  • The 27th witnessed an increase in demand for safe-haven assets with tensions rising between the US and Russian and investors and traders banking on the commodity to hedge against a possible trade war scenario. This led to silver prices surging to Rs.41,800 per kg.
  • However, with the US dollar regaining lost ground from its previous rally of losses, silver rate in Bangalore plunged to Rs.41,500 per kg on the 28th.
  • Poor domestic demand compounded by weak market trends overseas led to silver rates dropping further to Rs.41,400 per kg on the 29th.
  • The month came to an end with the industrial metal prices holding firm at Rs.41,400 per kg on the 31st with subdued but steady demand by coin makers and industries amid weak global cues.
  • Thanks to the firm overseas trends that pushed demand higher, Bangalore recorded an increase of 0.72% in silver prices over the course of the month.

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

Parameters Silver price (per kg)
February 1 Rate Rs.42,600 per kg
February 28 Rate Rs.41,200 per kg
Highest Rate in February Rs.42,600 per kg on 1 and 2 February
Lowest Rate in February Rs.40,600 per gram on 10 and 11 February
Overall Monthly Performance Decline
Percentage Change -3.28%

February 2018 - Week 1 (1st - 4th):

  • When the month of February began in Bangalore, silver opened on a strong note trading at Rs.42,600 per kg. This was due to the US dollar weakening ahead of the employment data, which looked grim.
  • Silver prices remained unchanged on the 2nd as demand remained steady from all quarters of the city.
  • On the 3rd, silver prices in Bangalore dropped to Rs.41,700 per kg as the US job data turned out to be stronger than expected.
  • When the week ended on the 4th, silver still traded at Rs.41,700 per kg as demand was low but steady.

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

  • The second week started with silver trading at a slightly lower rate of Rs.41,500 per kg.
  • The next day, i.e., the 6th saw silver prices in Bangalore rise to Rs.41,900 per kg but dropped to Rs.41,400 per kg on the 7th owing to poor global cues.
  • Silver prices in Bangalore dropped to Rs.40,800 per kg on the 8th as weak global cues combined with a poor local demand proved to be poor for the metal.
  • On the 9th, rates rose to Rs.41,000 per kg, thanks to an unexpected rise in local demand in spite of poor cues overseas.
  • The 10th and the 11th saw silver trade at Rs.40,600 per kg as the equities market performed well and so did the US dollar.

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

  • When trading opened for the 12th, silver prices had risen to Rs.40,800 per kg as the US dollar weakened as inflation data was expected to be released.
  • Over the next few days, silver prices inclined gradually as the inflation data halted the dollar’s growth and safe haven demand kicked in.
  • On the 13th, silver traded at Rs.41,300 per kg which then rose to Rs.41,400 per kg the next day as global cues remained positive.
  • During the 15th, silver prices in Bangalore went up to Rs.41,800 per kg before dropping to Rs.41,700 per kg on the 16th.
  • Silver traded at Rs.41,700 per kg for most of 17th and 18th as investors purchased the white metal to hedge against inflation.

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

  • Demand for the metal was uneven over the course of this week. On the 19th, the white metal was priced at Rs.41,600 per kg.
  • This fell to Rs.41,200 per kg on the 20th as the US dollar bounced back after a slow week, owing to weak inflation data.
  • On the 21st, silver prices remained unchanged but went up to Rs.41,400 per kg the next day due to a surge in demand from coin makers and industrial units.
  • The 22nd saw the white metal’s rates surged to Rs.41,600 per kg before falling by Rs.100 to Rs.41,500 per kg.
  • For the remaining days of the week, silver traded at Rs.41,500 per kg.

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

  • Silver prices in Bangalore were recorded at Rs.41,600 per kg on the 26th of February, which surged to Rs.41,700 per kg on the 27th as markets were volatile.
  • When the month came to an end, silver was seen trading at Rs.41,200 per kg.
  • A poor local demand was a catalyst behind silver prices falling by 3.28% this February.

Trend of Silver Rate in Bangalore for January 2018 (rates per kg)

Parameters Silver price (per kg)
Silver rate on 1st January 2018 Rs.39,100 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.38,700 per kg on 10 and 11 January
Overall Monthly Performance Incline
Percentage Change 7.92%

January 2018 - Week 1 (1st - 7th)

  • The month began in Bangalore with the white metal trading at Rs.39,100 per kg on the 1st.
  • Strong demand from domestic industrial units and coin makers amid the positive global cues led to silver rates remaining untouched at Rs.39,100 per kg until the 3rd.
  • However, with the US dollar recovering from the previous days’ losses, silver prices in Bangalore plunged to Rs.38,800 per kg on the 4th.
  • Prices remained untouched at Rs.38,800 per kg on the 5th, thanks to steady domestic demand amid the firm trends overseas.
  • With the US dollar losing in the international market, rates rebounded to Rs.39,200 per kg on the 6th.
  • When trading concluded for the week, the industrial metal prices were recorded holding steady at Rs.39,200 per kg on the 8th amid positive global trends.

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

  • The second week began with silver rates holding steady at Rs.39,200 per kg on the 8th with domestic demand tracking a firm trend overseas.
  • Prices dropped over the next few days with the US greenback recovering from its previous rally of losses. This led to silver rates in Bangalore plunging to Rs.39,100 per kg on the 9th which plummeted further to Rs.38,700 per kg the next day amid poor global cues.
  • Prices remained untouched at Rs.38,700 per kg on the 11th before rising to Rs.38,800 pere kg on the 12th with a slight incline in industrial offtake for the metal.
  • With markets mulled over by possible US government shutdown concerns, demand for th safe-haven assets such as silver picked up. This led to silver prices surging to Rs.39,200 per kg on the 13th.
  • The week concluded with the white metal trading firm at Rs.39,200 per kg on the 14th with steady demand amid the firm global cues.

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

  • Trading commenced for the week with silver prices holding at Rs.39,200 per kg on the 15th following firm global trends from the previous week.
  • Thanks to steady demand from industrial units and coin makers, prices remained unchanged at Rs.39,200 per kg on the 16th.
  • The 17th saw silver rates in Bangalore surging further to Rs.39,600 per kg which dropped to Rs.39,100 per kg on the 18th after the US dollar regained lost ground against apex currencies amid firm equity markets.
  • Strong global cues coupled with steady demand from industries and coin manufacturers over the next few days led to silver prices in Bangalore holding steady at Rs.39,100 per kg until the end of the week.

January 2018 - Week 4 (22 - 28)

  • When trading commenced for the week, silver prices were recorded holding firm at Rs.39,100 per kg on the 22nd.
  • Thanks to a marginal increase in demand by coin makers and industrial units, rates surged to Rs.39,200 per kg on the 23rd.
  • Silver prices remained unchanged at Rs.39,200 per kg on the 24th before dropping back to Rs.39,100 per kg on the 25th amid the strengthening US dollar and equities.
  • Despite the poor global cues, demand for the metal remained unchanged in the domestic trade.
  • When the week concluded, the white metal was recorded trading at Rs.39,100 per kg on the 28th with steady demand for the industrial metal.

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

  • The final week began in Bangalore with the metal prices surging to Rs.42,700 per kg -the highest recorded monthly figure - on the 29th after investors and traders gravitated towards the safe-haven asset amid strong inflation concerns.
  • However, with the US dollar strengthening ahead of the US Federal Reserve’s two-day monetary policy meeting, silver rates in Bangalore dropped to Rs.42,200 per kg on the 30th.
  • The month came to an end with the industrial metal trading firm at Rs.42,200 per kg with steady demand from local coin makers and industries.
  • Bangalore recorded an incline of 7.92% in silver rates owing to various trends overseas that pushed demand higher for the metal during the month.

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

Parameters Silver price (per kg)
Silver Rate on 1st December 2017 Rs.41,800 per kg
Silver Rate on 31st December 2017 Rs.40,000 per kg
Highest Rate in December Rs.41,800 per kg on 01 December
Lowest Rate in December Rs.38,200 per kg on 18 December
Overall Monthly Performance Falling
Percentage Change 4.31%

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

  • The month began with the white metal trading at Rs.38,300 per kg on the 1st amid positive global cues.
  • Silver rates in Bengaluru rose to Rs.38,500 per kg on the 2nd with the dollar weakening after the landmark US tax bill was stalled by the US Senate amid conflicting opinions between the House and the Republicans.
  • Steady demand by industrial units and coin makers led to silver prices remaining unchanged at Rs.38,500 per kg until the 7th of December.
  • The dollar, however, regained its ground after the US Senate cleared the Republican tax billed through a vote, thus, pushing the silver rates down to Rs.36,800 per kg on the 8th.
  • On the 9th, silver prices surged to Rs.37,100 per kg due to an increased buying from industrial units and coin manufacturers.
  • A strong and steady demand despite the poor trend overseas led to silver rates holding steady at Rs.37,100 per kg for the rest of the week.

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

  • When trading commenced for the second week, silver was priced at Rs.37,000 per kg on the 11th as the new proposed US tax bill gained on positive sentiments from the people and pushed the US dollar.
  • Silver prices continued to decline amid the strong US dollar index and firmer equities. On the 13th, rates were recorded at Rs.36,800 per kg.
  • However, the white metal prices surged to Rs.37,500 per kg on the 14th with investors mulled over the ultimate result of the new tax reform plans on the country’s economic growth.
  • Though prices declined to Rs.36,900 per kg on the 15th, silver rates rebounded to Rs.37,200 towards the end of the week as the dollar weakened following the release of the new interest rates by the US Federal Reserve.
  • The week concluded with the white metal trading at Rs.37,200 per kg on the 17th amid an increased demand coupled with positive overseas trends.

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

  • When trading opened for the third week in Bangalore, silver was recorded trading at Rs.37,200 per kg following a steady demand from coin makers and industrial units.
  • Strong demand coupled with positive trends overseas led to silver prices rising to Rs.37,500 per kg on the 19th.
  • Silver rates remained unchanged at Rs.37,500 per kg the next day before surging to Rs.37,600 per kg on the 21st due to an increase in domestic demand for the metal.
  • On the 23rd, the nex tax cuts by the United States led to the Asian markets collapsing. This resulted in a poor dollar index and silver rates rose to Rs.37,700 per kg.
  • Prices remained unchanged at Rs.37,700 per kg for the rest of the week with steady demand for the metal by industries and coin manufacturers amid the positive trend overseas.

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

  • The final week of the year witnessed silver rates rising significantly with an increase in demand amid the weakened dollar and an unevenly performing equities market.
  • When trading commenced, the white metal was priced at Rs.37,700 per kg on the 25th with steady industrial demand from the previous week.
  • Prices rose to Rs.37,900 per kg on the 26th before surging further to Rs.38,600 per kg on the 27th amid the strong trends overseas.
  • On the 28th, silver rates were recorded at Rs.38,700 per kg and continued to trade at the same price until the end of the month. According to reports, “today’s gold rates” remained high as a result of the weakened US dollar index and poorly performing equities.
  • Silver rates in Bangalore registered an incline of 1.04% amid the positive overseas trends during the course of the month.

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

Parameters Silver price (per kg)
Silver rate on 1st November 2017 Rs.39,300 per kg
Silver rate on 30th November 2017 Rs.38,500 per kg
Highest Rate in November Rs.40,100 per kg on 20 November
Lowest Rate in November Rs.38,500 per kg on 30 November
Overall Monthly Performance Decline
Percentage Change 2.0%

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

  • Silver prices in Bangalore began the week stable, with the white metal trading at Rs.39,300 per kg on 1 November.
  • Steady demand from local industrial units and steady international demand kept silver rate in Bangalore unchanged in the first week of November.
  • The fear of another nuclear test by North Korea led to demand for silver being quite high, as investors rushed to hedge their equity shares.
  • Local demand remained high in spite of stable markets, resulting in silver prices not suffering any dips in price and trading at a steady Rs.39,300 per kg as the week ended on 5 November.

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

  • The second week saw initial fluctuations in the price of silver as market forces and local currency markets affected demand.
  • Silver traded at Rs.39,300 per kg on 6 November as demand continued to be steady due to a strong showing in the previous week.
  • Silver rate in Bangalore jumped to Rs.40,000 per kg on 7 November as the price of silver rose following renewed geopolitical tensions in the Korean peninsula.
  • Tensions in the Gulf kingdom of Saudi Arabia also led to political instability in the region, with industry rushing to capitalise on the plunging dollar rate through more demand.
  • Silver price in Bangalore dropped to Rs.39,800 per kg on 8 November and then showed some slight fluctuations.
  • The week ended with silver priced at Rs.39,800 per kg on 12 November as markets calmed towards the end of the week.

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

  • There was very little change in the price of silver in the third week of November as local demand kept prices stable notwithstanding some fluctuations in the overseas market.
  • The industrial metal traded at Rs.39,800 per kg as the week opened on 13 November, as greater demand kept demand steady.
  • The start of the festive season in India led to an increase in retail demand for the metal, though overall prices weren’t affected significantly.
  • Silver price in Bangalore rose briefly to Rs.38,900 per kg on 15 November as international demand for the metal led to a sudden rise in price.
  • Local demand was consistent but fluctuations in international demand as well as poor demand from Asian industry kept prices flat.
  • Silver rate in Bangalore remained unchanged as the week ended on 19 November with silver trading at Rs.39,800 per kg.

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

  • Silver was priced at Rs.40,100 per kg on 20 November as the uncertainty in the Middle East led to panic buying of bullion.
  • Silver price in Bangalore fell and stabilised as the week progressed, with silver trading at Rs.39,600 per kg on 21 November due to a slight fall in local orders.
  • The strengthening U.S. dollar also led to a drop in demand from overseas markets due to the rising cost of importing the metal.
  • Silver rate in Bangalore climbed to Rs.39,800 per kg on 24 November as a firming in the price was recorded after market concerns over the nomination to replace current Fed chair Janet Yellen.
  • Markets were also on edge due to the current political situation in the United States,, which kept bullion prices high.
  • Silver ended the week trading at Rs.39,500 per kg as prices dropped sharply as the week ended.

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

  • The last week of November saw the price of silver remain stable due to relatively unchanged order volumes.
  • Silver opened the week at Rs.39,500 per kg on 27 November on account of stable trading across markets.
  • Local demand reflected international trends and there was no movement in the price for the week.
  • The month ended with silver priced at Rs.38,500 per kg on 30 November to record a 2% drop in price over the course of the month.

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

Parameters Silver price (per kg)
Silver Rate on 1st October 2017 Rs.39,800 per kg
Silver Rate on 31st October 2017 Rs.39,300 per kg
Highest Rate in September Rs.40,500 per kg on 16 October
Lowest Rate in September Rs.39,100 per kg on 7 and 8 October
Overall Monthly Performance Decline
Percentage Change -1.25%

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

  • The first week witnessed rates plummeting considerably due to the weak overseas trends coupled with reduced domestic demand.
  • When the week commenced, the white metal was priced at Rs.39,800 per kg on the 1st of October.
  • However, the rest of the week saw prices declining against the strong US dollar amid the possibility of an interest rate hike by the US Federal Reserve in December.
  • A decrease in global demand led to silver rate in Bangalore falling to Rs.39,400 per kg on the 3rd, which rebounded to Rs.39,500 per kg on the 4th due to positive global trends.
  • The 6th, however, witnessed silver price in Bangalore hitting the lowest recorded monthly figure of Rs.39,100 per kg as markets shifted its focus from the US-North Korean geopolitical crisis to the release of the US economic data pushing the dollar higher.
  • The rest of the week saw silver rates remaining unchanged at Rs.39,100 per kg owing to subdued demand from coin manufacturers and industrial units.

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

  • The second week saw silver price in Bangalore greatly influenced due to strong global, as well as domestic cues. The industrial metal was recorded trading at Rs.39,800 per kg when the week began on the 9th.
  • Thanks to the imminent arrival of the festive season, festive demand spurred local sales in the domestic market. This led to rates rising to Rs.40,100 per kg the following day.
  • Prices remained steady at Rs.40,100 per kg over the next couple of days owing to steady demand amid positive global trends.
  • The 13th witnessed the white metal prices rising further to Rs.40,300 per kg after an increase in offtake by industrial units pushed the demand higher.
  • Thanks to steady demand for the metal, silver rate in Bangalore remained unchanged at Rs.40,300 per kg for the remainder of the week.

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

  • When trading commenced for the third week, silver was priced higher at Rs.40,500 per kg - the highest recorded monthly figure - on the 16th.
  • Poor global trends amid the strengthening dollar over the next few days led to silver rate in Bangalore plunging to Rs.40,200 per kg and Rs.40,000 per kg on the 17th and 18th respectively.
  • Domestic demand remained weak despite the arrival of Diwali in the city. This led to the silver price in Bangalore dropping uncharacteristically to Rs.39,800 per kg on the 19th.
  • Weak international trends coupled with subdued domestic demand led to the metal trading at Rs.39,800 per kg until the 22nd

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

  • Poor global trends coupled with a strengthening dollar led to silver price in Bangalore declining significantly during the week.
  • Silver was priced at Rs.39,700 per kg on the 23rd and 24th, thanks to steady demand from industries and coin manufacturers.
  • Weak trends overseas and strong dollar rates led to rates plummeting to Rs.39,600 per kg on the 25th. However, local demand seemed to improve despite unfavourable global cues and the industrial metal prices rebounded to Rs.39,700 per kg on the 26th.
  • Global demand collapsed with investors speculating over the possible interest rate hike in December. This led to silver rate in Bangalore plunging to Rs.39,300 per kg on the 27th.
  • The 28th and the 29th witnessed the metal trading relatively higher at Rs.39,600 per kg due to an increased domestic demand amid positive global cues.
  • The month ended with silver being priced at Rs.39,300 per kg registering a loss of 1.25% in silver trade during the month of October.

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

Parameters Silver price (per 1 kg)
September 1 Rate Rs.40,000 per kg
September 30 Rate Rs.39,800 per kg
Highest Rate in September Rs.41,800 per kg on 8 September
Lowest Rate in September Rs.39,700 per kg on 21 September
Overall Monthly Performance Decline
Percentage Change 0.50%

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

  • The first week witnessed silver rates rising in Bengaluru due to an increasing demand for the metal from domestic industrial units.
  • Silver opened at Rs.40,000 per kg on the 1st, which rose further to Rs.40,600 per kg the next day as the poorly performing US dollar boosted demand for silver.
  • Steady global, as well as, local demand resulted in silver rate in Bangalore rising to Rs.41,100 per kg on the 4th.
  • Demand for safe-haven assets rose significantly with North Korea’s confirmation of their two-stage thermonuclear test being successful. This led to silver prices in Bangalore surging to Rs.41,800 per kg on the 8th of September. This was also the highest recorded monthly figure in Bengaluru.
  • However, demand declined marginally towards the end of the week, and the industrial metal was trading at Rs.41,600 per kg on the 9th and the 10th.

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

  • Demand for silver fluctuated during the second week due to uneven local trade trends.
  • When trading commenced for the second week, the white metal was trading relatively low at Rs.41,000 per kg on the 11th from the previous week.
  • The strong dollar rates proved to be unfavourable for domestic silver trade, pushing local demand for the metal lower. This led to silver rates in Bengaluru plunging to Rs.40,800 per kg on the 12th.
  • However, the white metal prices rose briefly to trade at Rs.41,200 per kg the next day, but dropped soon after overseas demand for the metal declined, and silver was trading at Rs.40,800 per gram on the 14th.
  • Silver surged on the 17th to trade at Rs.41,700 per kg, thanks to surplus demand from the Asian markets as a result of declining dollar rates.

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

  • The third week opened with the industrial demand trading steady at Rs.41,700 per kg as overseas demand stabilised over the weekend.
  • However, prices dropped to Rs.39,800 per kg on the 19th as demand from the European continent declined due to the upcoming elections in Germany.
  • Silver rates in Bengaluru fluctuated over the next few days due to varying international and local demands, and the metal was trading at Rs.39,700 per kg on the 21st.
  • Prices declined as the revised Fed rate hike resulted in reduced local demand, and silver was trading at Rs.39,800 per kg on the 24th.

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

  • The final week of September opened silver trading at Rs.39,600 per kg on the 25th.
  • The arrival of the festive season on the 26th pushed demand higher for the metal. This led to silver rates in Bengaluru surging to Rs.40,500 per kg in Bengaluru.
  • European markets surged high with Angela Merkel emerging victorious in the German elections. This resulted in silver prices declining to Rs.39,800 per gram on the 28th with reduced demand for the industrial metal.
  • Prices remained unchanged at Rs.39,800 per gram for the remainder of the week with steady demand from domestic investors and coin manufacturers.

Trend of Silver Rate in Bangalore for August 2017 (rates per kg)

Parameters Silver price (per 1 kg)
Silver Rate on 1st August Rs.38,900 per kg
Silver Rate on 31st August Rs.40,000 per kg
Highest Rate in August Rs.40,200 per kg on 29 August
Lowest Rate in August Rs.37,500 per kg from 7-9 August
Overall Monthly Performance Incline
Percentage Change 2.82%

August ‘17- Week 1 (1st to 6th)

  • Demand for silver fluctuated in the first week of August as there was a drop in industrial demand following a rise in the dollar rate.
  • Silver price in Bangalore was at Rs.38,900 per kg on 1 August but prices fell to Rs.38,100 per kg on 3 August as overseas demand declined.
  • The imposition of GST led to a reduction in demand from local industry as well as retail demand, which contributed to the lowered prices.
  • Silver rate in Bangalore fell to Rs.37,800 per kg on 5 August and prices remained the same as the week ended on 6 August.

August ‘17- Week 2 (7th to 13th)

  • Prices continued to be on the decline as industry awaited the results of the U.S. non-farm jobs market data, leading to silver trading at Rs.37,500 per kg on 7 August.
  • With jobs data poorer than expected, there was a spike in demand for bullion and silver prices in Bangalore rose to Rs.38,900 per kg on 10 August.
  • A drop in the dollar rate in response to escalating threats from North Korea led to increased demand for safe-haven assets like silver, resulting in prices rising to Rs.39,500 per kg on 11 August.
  • Demand remained steady as prices stayed constant for the rest of the week ending 13 August.

August ‘17- Week 3 (14th to 20th)

  • Demand was steady as the week began on 14 August with silver priced at Rs.39,500 per kg due to steady demand from overseas industrial units.
  • A minor dip in price was recorded towards the middle of the week as local demand fell slightly, with silver trading at Rs.39,300 per kg on 18 August.
  • The geopolitical tensions engulfing the U.S. coupled with a poor run by the dollar led to sustained demand for bullion.
  • Silver price in Bangalore rose marginally as the week drew to a close, trading at Rs.39,400 per kg on 20 August.

August ‘17- Week 4 (21st to 27th)

  • Silver prices fluctuated in the fourth week of August as there was some market turbulence which impacted industrial orders.
  • The industrial metal traded at Rs.39,100 per kg on 21 August as a brief rise in the markets led to lowered demand for silver.
  • The volatile markets led to prices fluctuating over the next few days as silver traded at Rs.39,400 per kg on 22 August before dropping to Rs.39,200 per kg on 23 August.
  • Prices stabilised as the week progressed following an increase in orders from China, as silver traded at Rs.39,400 per kg from 24-27 August.

August ‘17- Week 5 (28th to 31st)

  • The last week of August saw silver prices in Bangalore rise as the tense geopolitical situation in the Korean peninsula as well as troubles in Europe led to higher demand for safe-haven assets.
  • Silver was priced at Rs.39,600 per kg on 28 August after a rise in local demand over the weekend.
  • Demand from coin makers was also on the increase as silver prices in Bangalore rose to Rs.40,200 peer kg on 29 August.
  • While demand was stable, prices dipped marginally as the month ended with silver ending at Rs.40,000 per kg on 31 August.
Parameters Silver price
July 1 Rate Rs.39,600 per kg
July 31 Rate Rs.38,700 per kg
Highest Rate in July Rs.39,600 per kg from 1- 3 July
Lowest Rate in July Rs.37,000 per kg on 10 July
Overall Monthly Performance Decline
Percentage Change -2.27%

July ‘17- Week 1 (1 to 9)

  • The price of silver in Bangalore was on the decline in the first week of Bangalore as there was a late rally by markets ahead of the G20 summit.
  • Silver traded at Rs.39,600 per kg on 1 July and remained steady for a few days as there was minimal fluctuation in demand.
  • Prices dipped to Rs.38,800 per kg on 4 July due to a rise in markets ahead of American independence day.
  • The upcoming G20 summit led investors to be cautiously optimistic, which resulted in a fall in silver prices as they traded at Rs.38,000 per kg on 7 July.
  • Silver prices dropped to Rs.37,700 per kg as the week ended on 9 July, with prices falling due to a drop in industrial demand.

July ‘17- Week 2 (10 to 16)

  • Silver price in Bangalore were more or less stable in the second week of July as the repercussions of the G20 summit as well as political crises in the United States led to market volatility.
  • The week opened with silver priced at Rs.37,000 per kg on 10 July as demand was poor due to the high dollar rate as well as bullish market sentiment.
  • Gold rate in Banglore rose to Rs.38,000 per kg on 12 July as local demand increased due to continued political uncertainty in the United States.
  • Markets recovered as U.S. jobs data showed declining unemployment, which boosted markets and led to silver falling to Rs.37,300 per kg on 13 July.
  • Prices fluctuated for the rest of the week, trading at Rs.36,700 per kg on 14 July before rising to trade at Rs.37,300 per kg on 15 July.
  • The week ended with silver priced at Rs.37,300 per kg on 16 July.

July ‘17- Week 3 (17 to 23)

  • There was a gradual increase in the price of silver in Bangalore as industrial demand and demand from coin makers increased.
  • Silver was priced at Rs.37,400 per kg on 17 July before prices rose to Rs.37,800 per kg from 18-20 July due to an increase in local demand.
  • The U.S. dollar also dropped on fresh allegations of collusion between the Trump team and Russia, leading to higher demand for safe-haven assets like silver.
  • Silver traded at Rs.38,400 per kg on 22 July as Asian demand also rose following the dip in the dollar rate.
  • The possible repeal of the U.S. health care program led to U.S. markets crashing, which resulted in an increase in silver demand.
  • Silver ended the week trading at Rs.38,300 per kg on 23 July due to favourable market conditions.

July ‘17- Week 4 (24 to 31)

  • Silver price in Bangalore in the last week of July were stable with a few fluctuations in price, as the metal traded at Rs.38,300 per kg on 24 July.
  • Demand dropped slightly as the metal traded at Rs.38,100 per kg on 26 July due to market vagaries.
  • Prices soon recovered, with silver priced at Rs.38,700 per kg on 27 July as demand from coin makers was on the increase due to low dollar rates.
  • Demand was consistent as the month drew to a close, with silver trading at Rs.38,700 per kg from 29-31 July.
  • In spite of a rise in price towards the end of the month, silver prices fell by 2.27%.
Parameters Silver price
June 1 Rate Rs.40,500 per kg
June 30 Rate Rs.39,100 per kg
Highest Rate in June Rs.40,600 per kg from 5-8 June
Lowest Rate in June Rs.38,600 per kg on 20 & 21 June
Overall Monthly Performance Decline
Percentage Change -3.45%

June ‘17- Week 1 (1st to 4th)

  • Silver prices in the first week of June in Bangalore fluctuated due to changes in demand, with silver opening the week strongly at Rs.40,500 per kg.
  • Prices dipped to Rs.39,800 per kg on 2 June due to a decline in local demand as markets strengthened due to positive cues at the beginning of the month.
  • International demand was steady, which helped prices rise to Rs.40,400 per kg on 3 & 4 June.

June ‘17- Week 2 (5th to 11th)

  • Prices were on the increase as domestic troubles led to U.S. markets floundering, which led to increased demand from investors.
  • Silver was priced at Rs.40,600 per kg on 5 June as local demand also spiked due to positive cues from overseas.
  • Prices remained constant for the next few days as the U.S. dollar also dropped on poor economic performance.
  • Silver dropped in value as markets began to recover from their initial losses, trading at Rs.40,200 per kg on 9 June.
  • The week ended with silver trading at Rs.39,900 per kg on 11 June.

June ‘17- Week 3 (12th to 18th)

  • The third week saw a decline in demand for silver among industrial units due to a slowdown in production in Asia.
  • Silver traded at Rs.39,700 per kg on 12 June as the U.S. dollar rate strengthened, driving demand for silver lower.
  • The metal traded at Rs.39,200 per kg on 14 June in spite of market fluctuations, as industrial units failed to increase orders.
  • Prices were more or less stable for the remainder of the week, with a few minor fluctuations occurring due to demand vagaries.
  • Silver ended the week trading at Rs.39,000 per kg on 18 June due to a decrease in industrial demand both domestically as well as overseas.

June ‘17- Week 4 (19th to 25th)

  • The white metal did not recover from its previous week’s loss in value, trading at Rs.38,700 per kg on 19 June due to static demand.
  • Silver prices in fact continued to drop due to a decline in industrial orders from both Europe as well as Asia, resulting in the metal trading at Rs.38,600 per kg on 20 & 21 June.
  • Slight improvements in the price were observed as the week progressed, with silver priced at Rs.38,900 per kg on 22 June though this was short-lived.
  • The week ended with silver priced a Rs.39,000 per kg on 25 June, the price rising marginally due to an increase in demand from local coin makers.

June ‘17- Week 5 (26th to 30th)

  • The final week of June saw the metal’s value fluctuate due to conflicting cues from the local and international markets.
  • Silver was priced at Rs.39,000 per kg on 26 June following which the price fell to Rs.38,700 per kg on 27 June due to demand vagaries.
  • An increase in orders from the industrial as well as retail markets locally led to silver prices rising to Rs.39,300 per kg on 28 June.
  • Prices dropped as the month drew to a close, with silver trading at Rs.39,100 per kg on 30 June to record a drop in value of 3.45% over the course of the month.
Parameters Silver Price in Bangalore
May 1st Rate Rs.40,600 per kg
May 31st Rate Rs.40,500 per kg
Highest Rate in May Rs.40,600 per kg on 1st of May
Lowest Rate in May Rs.38,100 per kg on 11th and 12th of May
Overall Performance Decline
Percentage Change -0.24%

May 2017 - Week 1 (1st - 7th):

  • In Bangalore, silver prices seemed to hit a bottom within the first week of May as demand for the metal plunged.
  • On the 1st of May, silver was trading at Rs.40,600 per kg - which happened to be the highest rate for the entire month.
  • After demand dipped significantly, silver rates went down by Rs.1,100 to reach Rs.39,500 per kg on the 2nd.
  • Prices fell for the third day in a row as they were recorded at Rs.39,300 per kg on the 3rd of May.
  • On the 4th, silver prices went down again to Rs.38,500 per kg - a Rs.800 decrease - as demand from local jewellers went down.
  • When the week came to a close, silver was seen trading at Rs.38,400 per kg.

May 2017 - Week 2 (8th - 14th):

  • When trading began on the 8th of May, silver prices were still holding at Rs.38,400 per kg but fell to Rs.38,200 per kg on the 9th.
  • On the 10th, silver prices hit a new low as they went down to Rs.38,100 per gram and remained unchanged on the 11th as well.
  • Prices, as seen on the 10th and the 11th were the lowest silver rates recorded for the month.
  • Over the next few days, silver prices began to increase gradually, signalling an uptick in demand.
  • On the 12th, silver was priced at Rs.38,200 per kg, which then went up to Rs.38,300 per kg on the 13th.
  • During the last day of the week - on 14th - silver prices were seen holding at Rs.38,300 per kg as there was a sustained demand in the local market.

May 2017 - Week 3 (15th - 21st):

  • As demand went up during the closing hours of the week, silver rates went up to Rs.38,400 per kg on the 15th.
  • Rates were recorded at Rs.38,400 per kg during the 16th and the 17th as demand consolidated, while also showing signs that it could go up.
  • The 18th saw silver prices go up significantly after two weeks of mediocre trading to reach Rs.39,200 per kg.
  • However, the Rs.600 increase seen during the previous business day seemed like a one-off as prices went down to Rs.38,900 per kg on the 19th.
  • But, demand fluctuated again - this time for the positive - for silver rates to go up to Rs.39,200 at the end of the 20th.
  • Prices didn’t change when the week came to an end, thanks to a relatively safe consolidation period.

May 2017 - Week 4 (22nd - 28th):

  • The first two days of week 4 i.e., the 22nd and the 23rd, didn’t see any change in silver prices as they still remained at Rs.39,200 per kg.
  • On the 24th, prices went up by Rs.500 to reach Rs.39,700 per kg paving the way for a late surge towards the end of the month.
  • Prices increased to Rs.40,000 per kg on the 25th and remained there till the closing hours of the 26th.
  • Over the final two days of May week 4, silver prices were recorded at Rs.40,300 per kg.

May 2017 - Week 5 (29th - 31st):

  • When the final week of May began in Bangalore, silver was trading at Rs.40,200 per kg - a small dip of Rs.100 from the previous day.
  • However, rates went up to Rs.40,500 per gram on the 30th and remained there till the end of the week and the month.
  • Overall, silver prices saw a decline of just Rs.100, when compared to the rates on the 1st of the month.
  • Despite some late rally, silver price trends still remained on the negative side as a decline of 0.24% was recorded in Bangalore.
April 1st Rate Rs.42,500 per kg
April 30th Rate Rs.40,600 per kg
Highest Rate in April Rs.42,900 per kg on 4th, 15th & 16th April
Lowest Rate in April Rs.40,600 per kg from 27th-30th April
Overall Performance Decline
Percentage Change -4.47%

April ’17- Week 1 (1st to 9th)

  • The price of silver was steady as the week began, with prices rising as demand from industry increased.
  • Silver traded at Rs.42,500 per kg on 1st April, with the price dropping marginally to Rs.42,300 per kg on 3rd April due to a slight dip in domestic demand.
  • Prices rose to a monthly high of Rs.42,900 per kg on 4th April as markets tumbled due to fears of an escalating crisis between the United States and North Korea.
  • The price of silver declined marginally due to a dip in demand, with silver trading at Rs.42,500 per kg from 6th to 9th April.

April ’17 - Week 2 (10th to 16th)

  • The second week of April saw the price of silver rise marginally due to continued fluctuations in market rates, which bolstered demand for the metal.
  • Silver was priced at Rs.41,600 per kg on 10th April as industrial demand was steady in spite of geo-political tensions leading to a drop in the U.S. Dollar.
  • Prices rose as the week progressed, with silver trading at Rs.42,600 per kg on 13th April as demand from coin makers increased as the U.S. Dollar traded lower against global currencies.
  • Prices stabilised and rose as the week ended, with silver reaching its monthly high rate for a second time, trading at Rs.42,900 per kg on 16th April on strong demand from overseas markets.

April ’17 - Week 3 (17th to 23rd)

  • Silver prices fluctuated as markets began to recover from the previous week’s slump, which led to a decrease in industrial demand.
  • Silver traded at Rs.42,800 per kg on 17th April before prices fell as local demand picked up on global cues, resulting in a fall in demand for silver.
  • Prices dropped to Rs.41,800 per kg on 21st April as the U.S. Dollar strengthened on positive trading, with European markets also showing signs of a recovery.
  • The week ended with silver trading at Rs.41,900 per kg on 23rd April, as sagging demand from industry and poor local demand led to a drop in the price of silver.

April ’17 - Week 4 (24th to 30th)

  • The last week of April saw the price of silver drop further, as market forces and flagging demand resulted in decreased demand.
  • Silver traded at Rs.41,500 per kg on 24th April amidst a decline in demand from coin makers.
  • Positive economic data projections and an expectation of better than expected job data figures led to the U.S. economy strengthening, which in turn led to a lowering of demand for silver.
  • A rising U.S. Dollar led to a drop in export demand for the metal, which further brought down its price, with silver trading at Rs.40,700 per kg on 26th April.
  • Silver traded at Rs.40,600 per kg from 27th to 30th April as demand could not keep pace, resulting in an overall loss of 4.47% in the value of the metal over the course of the month.
March 1st Rate Rs. 43,900 per kg
March 31st Rate Rs. 42,100 per kg
Highest Rate in March Rs. 44,000 per kg on 2nd March
Lowest Rate in March Rs. 40,300 per kg on 15th March
Overall Performance Decline
Percentage Change -4.10%

March ‘17 - Week 1 (1st to 5th)

  • Silver prices in Bangalore were recorded at Rs.43,900 per kg on the 1st of March.
  • Prices increased by Rs.100 on the second day of the month to escalate to Rs.44,000 per kg, making it the highest recorded rate in the month of March.
  • Silver prices were subject to a decline by Rs.1300 on the third of March owing to a decline in demand from industrialists and coin makers, dragging them down to Rs.42,700 per kg.
  • Prices increased by Rs.600 on the 4th and rose to Rs.43,300 where they remained for another week to close the week at a decline of Rs.600 in comparison with the start of the week.

March ‘17 - Week 2 (6th to 12th)

  • The price of silver on the opening day of the second week of March was Rs.42,800, recording a decline of Rs.500 from the closing levels of the previous week.
  • Prices remained unchanged on the second day of the week thanks to consistent demand and the lack of any major international events.
  • On the 8th of March, silver prices fell by Rs.700 to settle at Rs.42,100 per kg, after which another decline by Rs.600 on the 9th of the month saw them dip to Rs.41,500 per kg.
  • Silver prices remained stable on the 10th of March as no changes were recorded from the 9th.
  • Prices then fell by Rs.300 to Rs.41,200 on the 11th of March, and they remained unchanged for the following few days as demand grew stable.
  • Silver closed the second week of March at a decline of Rs.1600 in comparison with the first day of the week.

March ’17- Week 3 (13th to 19th)

  • Prices on the first day of the third week of March were stable from their previous levels, trading at Rs.41,200 per kg on the 13th and 14th of March.
  • Silver prices tumbled again on the 15th of the month, when they hit Rs.40,300, making it the lowest recorded rate of the metal during March.
  • Prices increased by Rs.900 on the 16th and went back to their previous levels of Rs.41,200 per kg.
  • A drop in prices by Rs.400 on the 17th saw them fall to Rs.40,800 per kg, after which an increase by Rs.100 saw them stand at Rs.40,900 per kg on the 18th and 19th of March.

March ’17- Week 4 (20th to 26th)

  • Silver opened the penultimate week of the month at Rs.41,100 per kg, marking a small incline from the closing levels of the previous week.
  • On the 21st of March, prices declined by Rs.300 to settle at Rs.40,800 per kg, and then increased by Rs.400 on the 22nd to settle at Rs.41,200 per kg.
  • Prices remained stable on the 23rd before an increase of Rs.100 saw them rise to Rs.41,300 per kg on the 24th of March.
  • Prices increased by Rs.400 on the 25th of March and remained unchanged on the 26th as well, closing the penultimate week of the month at Rs.41,700 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.41,700 per kg as there was no change in rates from the closing levels of the fourth week.
  • On the 28th of March, an increase by Rs.400 saw prices rise to Rs.42,100 per kg, and stable demand ensured that prices remained the same until the end of the month.
  • The last week of March experienced an incline, albeit by just Rs.400, and the overall decline in prices from the first day of the month to the last was 4.10%.
February 1st Rate Rs. 41,500 per kg
February 28th Rate Rs. 43,900 per kg
Highest Rate in February Rs. 43,900 per kg on 28th February
Lowest Rate in February Rs. 41,500 per kg from 1st to 7th February
Overall Performance Rise
Percentage Change +5.78%

February ‘17 - Week 1 (1st to 5th)

  • Silver prices in Bangalore was stable during the first week due to muted but sustained demand for this precious metal.
  • Silver was priced at Rs.41,500 per kg on 1st February and was steady at this rate until the end of the first week of the month.
  • This could mainly be attributed to the demand for silver from industrialists and coin makers. This price was the lowest at which silver traded for the month of February.
  • It is also quite unusual for a demand as stable as the one noted in the first week of February for silver.

February ‘17 - Week 2 (6th to 12th)

  • The second week saw silver opening at the same rate as the previous week at Rs.41,500 and was steady at this price until the 7th of February.
  • Right after this, due to increased demand from jewellers and industrialists, the price of silver jumped by over Rs.1,000 to trade at Rs.42,700 per kg.
  • Rate of silver was steady at Rs.42,700 per kg thanks to sustained demand for this metal.
  • However, this demand could not be sustained and the price of this precious metal fell by Rs.300 to trade at Rs.42,400 on the 10th of February.
  • Prices fluctuated during the week, with silver trading at Rs.43,000 per kg on 11th February due to a sudden rise in demand. Silver was steady at this rate until the end of the week.

February ’17- Week 3 (13th to 19th)

  • A slight fluctuation in the rate of the U.S. dollar led to rise in the demand for silver with this metal trading at Rs.43,200 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.43,000 again on the 14th. Rate of silver was steady until the 15th of February.
  • Prices rose to Rs.43,300 per kg on 16th February and later rose to Rs.43,400 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.43,500 per kg on 18th February.
  • The week ended with silver trading at Rs.43,500 per kg on 19th February, due to sustained demand, recording a rise of Rs.300 in the price of silver during the third week of February.

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

  • The price of silver in the last two weeks of February fluctuated slightly due to U.S. Dollar rates and an uncertain market along with unstable demand.
  • Silver was priced at Rs.43,300 per kg on 20th February, with the price falling further to trade at Rs.43,200 per kg on 22nd February. Demand was stable the next day as well with silver trading at the same rate.
  • A slight increase in demand from coin makers led to silver trading at Rs.43,400 per kg on 24th February.
  • Silver prices rose to Rs.43,400 per kg on 25th February, with the price increasing to Rs.43,800 per kg on 27th February.
  • Silver prices continued to rise as the month ended, trading at Rs.43,900 per kg on 28th February to record an overall increase of 5.78%. This was also the highest at which silver traded for the month of February.
January 1st Rate Rs.39,600 per kg
January 31st Rate Rs.41,500 per kg
Highest Rate in January Rs.41,700 per kg on 23rd January
Lowest Rate in January Rs.39,200 per kg on 2nd January
Overall Performance Incline
Percentage Change +4.79%

January ‘17 - Week 1 (1st to 7th)

  • The price of silver saw an increase in the first week of January in Bangalore as demand rose due to fluctuations in the U.S. Dollar rate.
  • Silver traded at Rs.39,600 per kg on 1st January as demand was still poor due to lower than usual industrial demand.
  • Prices fell to Rs.39,200 per kg on 2nd January due to poor demand before recovering to trade at Rs.39,900 per kg on 4th January.
  • Heightened demand from coin makers and higher domestic demand led to prices reaching Rs.40,300 per kg on 5th January.
  • Consistent demand from the industrial sector kept prices stable, with silver ending the week trading at Rs.40,300 per kg on 7th January.

January ‘17 - Week 2 (8th to 14th)

  • Silver prices continued to rise in the second week of January due to stable demand and favourable market conditions.
  • Silver was priced at Rs.40,300 per kg on 8th January, the price remaining unchanged as demand was consistent.
  • Prices rose to Rs.40,500 per kg on 10th January as demand from Asian markets was high, as silver rose to Rs.41,020 per kg on 11th January.
  • Demand increased further, with silver trading at Rs.41,200 per kg on 12th January but fell the subsequent day to trade at Rs.40,700.
  • Silver traded at Rs.40,700 per kg on 14th January as the U.S. Dollar rose.

January ’17- Week 3 (15th to 21st)

  • Prices rose marginally in the third week, though demand fluctuated due to market forces.
  • Silver was priced at Rs.40,700 per kg on 15th January and rose to Rs.41,200 per kg on 16th January..
  • Demand rose as the U.S. Dollar continued to fall, as silver traded at Rs.41,500 per kg on 18th & 19th January.
  • A marginal drop in industrial demand led to silver trading at Rs.41,400 per kg on 20th January as the week ended with silver trading at Rs.41,100 per kg on 21st January.

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

  • Silver prices in the last two weeks of January were relatively stable as demand was consistent.
  • Silver traded at Rs.41,200 per kg on 22nd January and rose by Rs.600 per kg to trade at Rs.41,700 per kg on 23rd January, the highest rate for the month.
  • Prices dipped marginally due to a lowering of demand following the Lunar New Year, as silver was priced at Rs.41,600 per kg on 24th January.
  • Speculation over the outcome of the U.S. Federal Reserve meeting to be held towards the end of the month led to markets rising slightly, which lowered demand for bullion.
  • Silver traded at Rs.41,400 per kg on 26th & 27th January before falling to Rs.40,500 per kg on 28th January on stagnant demand from industry.
  • Silver prices fluctuated as the month ended, closing at Rs.41,500 per kg on 31st January to register a rise in price of 4.79%.
December 1st Rate Rs.41,100 per kg
December 31st Rate Rs.39,600 per kg
Highest Rate in December Rs.41,100 per kg on 1st,5th,6th & 9th December
Lowest Rate in December Rs.38,500 per kg on 26th December
Overall Performance Decline
Percentage Change -3.64%

December '16 - Week 1 (1st to 4th)

  • Silver prices in December fluctuated in the first week due to market uncertainties.
  • Silver was priced at Rs.41,100 per kg on 1st December, with the price falling to Rs.40,500 per kg on 2nd December.
  • Demand from the industrial sector was muted due to the ongoing currency shortage, which kept prices low.
  • The retail sector also saw declining demand, though international markets showed an interest in the metal.
  • Silver ended the week at Rs.40,500 per kg on 4th December.

December '16 - Week 2 (5th to 11th)

  • Silver prices rose to Rs.41,100 per kg on 5th December as markets fluctuated, as prices dropped to Rs.40,700 per kg the next day.
  • Prices rose to Rs.41,100 per kg on 9th December as demand rose marginally as international demand was high.
  • Domestic demand continued to recover slowly, resulting in prices falling as the week ended to Rs.41,000 per kg on 11th December.

December '16 - Week 3 (12th to 18th)

  • A sluggish bullion market kept silver prices low, as demand from jewellers failed to raise prices.
  • Silver traded at Rs.41,000 per kg on 12th December, with prices staying unchanged for the next few days.
  • Fluctuations in demand led to prices dropping to Rs.40,500 per kg on 15th December.
  • Prices fell further as the week ended, resulting in silver trading at Rs.39,000 per kg on 18th December.

December '16 – Week 4 (19th to 25th)

  • The week before Christmas saw silver prices stay more or less constant as demand was stagnant.
  • Silver traded at Rs.39,500 per kg on 19th December, with prices continuing to fall due to declining demand.
  • Prices fell to Rs.39,000 per kg on 22nd December, with the price remaining constant for the rest of the week.

December '16 – Week 5 (26th to 31st)

  • The last week of December saw silver prices fluctuate due to contrasting curs from the international and domestic markets.
  • Silver fell to its monthly low of Rs.38.500 per kg on 26th December as domestic demand plunged.
  • Prices recovered marginally towards the middle of the week as international demand rose due to higher demand.
  • As the currency shortage abated, purchases of silver rose by a fraction.
  • Silver ended the year at Rs.39,600 per kg on 31st December, recording an overall loss of over 3%.
November 1st Rate Rs.42,600 per kilogram
November 30th Rate Rs.41,100 per kilogram
Highest Rate in November Rs.45,000 per kilogram on 12th and 13th November
Lowest Rate in November Rs.40,200 per kilogram on 25th November
Overall Performance Decline
Percentage Change -3.52%

November '16 - Week 1 (1st to 6th)

  • Silver traded at Rs.42,600 per kilogram on 1st and 2nd November.
  • Prices climbed this week as industrialists and coin makers increased their offtake.
  • Demand for silver was stable as the wedding season kicked off.
  • Silver rates climbed to Rs.43,500 per kilogram on 3rd November and remained unchanged for the rest of the week.
  • Trends in the global market favoured silver this week.

November '16 - Week 2 (7th to 13th)

  • Silver traded at Rs.43,500 per kilogram till 9th November.
  • Prices of the metal increased this week as global trends firmed up.
  • The highest price recorded this month was Rs.45,000 per kilogram on 12th and 13th November.
  • Increased offtake by industrialists and coin makers led to an overall increase in silver prices.

November '16 - Week 3 (14th to 20th)

  • Prices dropped this week as Donald Trump’s win in the U.S. presidential elections rocked the global market.
  • In the domestic market, the demonetisation scheme took its toll on silver.
  • Silver traded at Rs.44,000 per kilogram at the start of the week.
  • By the end of the week, silver rates had fallen to Rs.40,600 per kilogram.
  • Gloomy consumer sentiments resulted in a fall in physical demand for the metal.

November '16 - Week 4 and 5 (21st to 30th)

  • Silver traded at Rs.41,100 per kilogram on 21st November.
  • Prices fluctuated this week as the nation faced a cash shortage.
  • The lowest price recorded for this month was Rs.40,500 per kilogram on 26th and 27th November.
  • Rates of silver increased towards the end of the week as demand picked up.
  • Silver traded at Rs.41,100 per kilogram on 29th and 30th November.
October 1st Rate Rs.45,500 per kg
October 31st Rate Rs.42,600 per kg
Highest Rate in October Rs.45,500 per kg from 1st-3rd October
Lowest Rate in October Rs.41,700 per kg on 8th and 9th October
Overall Performance Decline/Negative
Percentage Change -6.37%

October ’16- Weeks 1 & 2 (1st-9th)

  • Silver prices in Bangalore were constant for the initial 3 days before declining due to reduced demand.
  • A rise in the U.S. Dollar and strengthening markets led to a decrease in demand for silver.
  • Industrial and seasonal demand bolstered prices before demand dropped mid-week.
  • Silver was priced at Rs.45,500 per kg on 1st October and Rs.41,700 per kg on 9th October.
  • Silver recorded its sharpest drop in value, decreasing by Rs.3,800 per kg in a single week.

October ’16- Week 3 (10th-16th)

  • Demand from jewellers due to the festive season boosted demand as industrial offtake reduced.
  • Silver traded at Rs.42,000 per kg on 10th October.
  • Overseas demand weakened due to a resurgent market and U.S. Dollar, though demand rose marginally by the middle of the week.
  • Silver traded at Rs.42,100 per kg on 16th October, marking a Rs.100 decrease in price for the week.

October ’16- Week 4 (17th-23rd)

  • Silver prices rose marginally as industrial demand increased.
  • Markets were unstable due to the upcoming elections in U.S.A, leading to the U.S. Dollar falling against other currencies.
  • Silver capitalised on the fall in market rates, trading at Rs.42,100 per kg on 17th October.
  • Silver reached a high of Rs.42,300 per kg from 20th-22nd October before prices fell to Rs.42,100 per kg on 23rd October.
  • Silver prices reflected no change for the week.

October ’16- Week 5 (24th-31st)

  • Silver made some gains as industrial demand rose and currency markets continued to fluctuate, leading to renewed interest in silver.
  • The price of silver was recorded at Rs.42,100 per kg on 24th October and rose steadily during the week.
  • Festive buying also led to higher demand for the metal, with the price rising to a monthly high of Rs.42,600 per kg from 29th-31st October.
  • While prices increased towards the end of the month, silver recorded an overall decline of Rs.2,900 for the month of October due to reduced demand from various sectors.
1st Day Rs.44,300 per kilogram
Last Day Rs.45,500 per kilogram
Highest Price Rs.46,600 per kilogram on 9th September
Lowest Price Rs.44,200 per kilogram on 2nd September
Trend Increase
Change +2.70%

September '16 - Week 1 (1st to 4th)

  • Silver traded at a low price of Rs.44,300 per kilogram on 1st September.
  • Prices dropped to Rs.44,200 per kilogram on 2nd September, which was the lowest for this month.
  • Silver rates picked up as domestic demand poured in on account of the festive season.
  • In the global market, anticipation of a Fed rate hike was put to rest as slow economic data indicated that it would not be possible this month.
  • Prices rose to Rs.45,300 per kilogram on 3rd and 4th September.

September '16 - Week 2 (5th to 11th)

  • Prices continued to rise this week as the global market trends were positive.
  • Silver traded at Rs.46,600 per kilogram on 9th September which was the highest rate for this month.
  • By the end of the week, prices dropped to Rs.45,600 per kilogram as the prospects of a Fed rate hike loomed above the market.

September '16 - Week 3 (12th to 18th)

  • Silver rates were relatively constant this week.
  • Silver traded at Rs.45,600 per kilogram till 15th September and fell to Rs.45,100 per kilogram on 16th September.
  • Hawkish comments from the U.S. Federal Reserve indicated that a rate hike could be expected soon.
  • Demand dropped by the end of the week as savvy traders were reluctant to invest.

September '16 - Week 4 (19th to 25th)

  • Silver traded at Rs.45,100 per kilogram on the 19th of September but rates soon climbed to Rs.45,600 per kilogram.
  • The rise in prices could be attributed to the bullish tendencies in the global market.
  • The Fed rate hike was put on hold as the U.S. presidential elections were approaching.
  • By 25th September, the price of silver rose to Rs.46,200 per kilogram.
  • Industrial offtake was strong in the domestic market.

September 2016 - Week 5 (26th to 30th)

  • Silver continued to trade at Rs.46,200 per kilogram from 26th to 29th September.
  • A bearish atmosphere in the global market led to prices falling to Rs.45,500 per kilogram on 30th September.
  • Reduced demand from industrialists and coin markers also dampened silver prices.
Factor August
1st August Rs.48,100 per kg
31st August Rs.44,600 per kg
Highest Price Rs.48,400 per kg on 03rd August
Lowest Price Rs.44,200 per kg from 26th to 29th August
Trend Decline in silver prices
Change -7.27%

August '16 – Weeks 1 (1st to 7th)

  • Silver prices steadily declined after marking the highest prices of Rs.48,400 per kg on 03rd August due to lack of demand from local market.
  • Silver prices at the beginning of the week was Rs. 48,100 per kg and was Rs. 47,200 at the end of the week. Silver prices fell by Rs.900 per kg in the first week of August.
  • Positive US economic data affected silver prices in India and abroad.

August '16 – Week 2 (8th to 14th)

  • Silver opened at Rs.46,500 per kg at the beginning of the week. Gold and silver prices increased for the next three days despite much expected US economic data report.
  • Silver prices fell and was traded at Rs.46,700 per kg during the last two days of the week.
  • The demand of silver also increased as demand from local silver coin makers increased.

August '16 – Week 3 (15th to 21st)

  • Silver and gold prices fell slightly as investors sold their stocks and local jewellers displayed lack of interest. Silver opened at Rs.46,700 and managed to avoid major fluctuations.
  • Reduced demand from coin makers led to the prices declining.
  • Firm dollar rate, positive US employment date and FED rate hike contributed to the decline of silver prices. Silver closed at Rs.46,000 per kg.

August '16 – Week 4 (22nd to 28th)

  • Silver prices fell and was traded at Rs.45,000 at the beginning of the week. The on-going FED rate hike speculations, increased employment rate in the U.S and lack of demand from spot markets has kept silver prices low this week.
  • Though drastic dip in silver prices wasn’t reported, there was a slight decline.
  • Silver traded at Rs.44,240 per kg between 26th to 29th August which is the lowest in the month of August.
  • Experts forecast increase in silver prices in the second half of the year due to festive season.

August '16 - Week 5 (29th to 31st)

  • Lowest silver rate for the month was recorded from 26th to 29th of the month when silver prices were Rs.44,200 per kg. FED rate hike is still speculated and experts expect rise in interest rates. This reduced silver prices.
  • Firm dollar bill as well led to the decrease in silver prices.
  • Silver prices declined as demand reduced in local market. Silver closed at Rs.44,600 per kg.
1st Day Rs.43,500 per kg
Last Day Rs.47,500 per kg
Highest Price Rs.48,000 per kg on 7th July
Lowest Price Rs.43,500 per kg on 1st July
Trend Rise
Change +9.19%

July'16 - Week 1 and 2 (1st to 10th)

  • Although the rate of silver was quite low during the beginning of the month, it picked up quite a bit over the first ten days.
  • The highest rate of the month was seen on the 7th of July due to a strong demand and increased global cues.
  • Although the rate of silver decreased after that slightly, prices were quite high.
  • Despite minor fluctuations, price of silver remained high for the first ten days of the month.

July'16 - Week 3 (11th to 17th)

  • A rise in prices was noted throughout the third week of July with regards to the price of silver.
  • Silver opened at Rs.46,400 per kg at the start of the week and increased steadily thereafter.
  • The highest price of silver noted during the week was on the 15th with price of silver touching Rs.47,600 per kg after which prices decreased marginally.
  • The week closed with silver being priced at Rs.47,500 per kg which was also one of the higher rates seen during the third week of the month.

July '16 - Week 4 (18th to 24th)

  • Compared to the previous week, rate of silver dipped by Rs.400 on the first day of the week.
  • Prices declined even further over the next few days although this was marginal.
  • From the 22nd of July, there was a minor increase noted in the price of silver wherein prices touched Rs.46,800 per gram.
  • Week closed with silver being priced at Rs.46,800 per gram amidst decreasing demand for the precious metal.

July‘16 - Week 5 (25th to 31st)

  • Silver maintained the same rate as that of the previous week for the first day after which a minor decline was noted over the next two days.
  • Price of silver increased again to Rs.47,800 per kg which was also one of the higher rates for the month.
  • There was a marginal decrease the next day by Rs.300 to Rs.47,500 and this rate was maintained until the end of the month.
  • Overall, a rise of 9.19% was seen at the end of the month with respect to silver prices as compared to the beginning.
June 1st Rate Rs.38,800 per kg
June 30th Rate Rs.43,500 per kg
Highest Rate in June Rs.43,500 per kg on 30th of June
Lowest Rate in June Rs.38,500 per kg on the 2nd of June
Overall Performance Rising
Percentage Change 12.11%

Jun'16 - Week 1 (1st to 4th)

  • Silver traded at Rs.38,800 per kg on the 1st of June.
  • Silver came down to Rs.38,500 on 2nd of June and the rates stayed the same on the 3rd of June.
  • Silver closed the week at Rs.39,100 per kg on the 4th of June.

Jun'16 - Week 2 (5th to 11th)

  • Silver traded at Rs.39,100 per kg on the 5th of June.
  • Silver traded at Rs. 39,400 on the 8th of June.
  • The price of silver hit Rs. 40,900 per kg on the 10th of June.
  • Silver hit the highest for the week on the 11th of June at Rs.41,000 per kg.

Jun'16 - Week 3 (12th to 18th)

  • Silver traded at Rs. 41,000 per kg on the 12th of June.
  • The price of silver dropped down by Rs.200 per kg on the 13th as silver traded at Rs.40,800.
  • Silver managed to pick up again as it hit Rs.42,100 per kg on the 16th of June.
  • Silver traded at Rs.41,500 per kg on the 18th of June.

Jun'16 - Week 4 (19th to 25th)

  • Silver traded at Rs.41,500 per kg on the 19th of June.
  • On the 21st of June, silver traded at Rs.42,000 per kg.
  • Silver dropped to Rs.41,200 per kg on the 23rd of June.
  • Silver traded at Rs.42,000 on the 25th of June.

Jun'16 - Week 5 (26th to 30th)

  • The price of silver remained unchanged and traded at Rs.42,000 per kg on the 26th of June.
  • Silver witnessed an incline of Rs.400 and traded at Rs.42,400 per kg on the 28th of June.
  • Silver closed the month at Rs.43,500 per kg on the 30th of June.
1st May rate Rs. 41, 900
31st May rate Rs. 38, 500
Highest rate in May Rs. 41, 900 on 1st and 2nd May
Lowest rate in May Rs. 38, 500 on 30th and 31st May
Overall performance Loss/Negative
% Change -8.11%

May ‘16 - Weeks 1 and 2 (1st to 8th)

  • Silver prices in Bangalore began trading on a positive, thanks to demand from industry.
  • Silver traded at Rs. 41, 900 on the 1st of May and ended the week at Rs. 41, 400, a slight drop in value.
  • The uncertain stock market as well as the sinking Dollar drove investors to put their money in silver, pushing its price higher.
  • Silver ended the week with a slight decline in its rate.

May '16 -Week 3 (9th to 15th)

  • Silver rates fell slightly this week due to a decrease in demand and a recovery by the currency markets.
  • Silver traded at Rs. 41, 200 on the 9th of May and at Rs. 40, 700 on the 15th of May.
  • There was a rise in the price on 10th of May but prices fell marginally for the rest of the week.
  • A resurgent Dollar kept silver prices low and a fall in demand from industrial units also contributed to the decline in price.

May '16 - Week 4 (16th to 22nd)

  • Silver rates continued to drop as market speculation on a possible U.S. Federal Reserve interest rate increase gathered momentum, leading to a strengthening Dollar.
  • The price of silver was Rs. 41, 200 on the 16th of May and Rs. 39, 700 on the 22nd of May.
  • There was a slight increase in the rates on the 16th of May from the previous week but prices fell the next day and stayed low the rest of the week.
  • U.S. housing market data released this week showed encouraging growth which brought up the Dollar, resulting in silver declining.

May '16 - Weeks 5 and 6 (23rd to 31st)

  • Silver slumped further as markets reacted to news of positive growth in the U.S. job market, spelling favourable conditions for an increase in key interest rates by the Fed.
  • Silver traded at Rs. 39, 600 on the 23rd of May and fell further to Rs. 38, 500 on the 31st of May.
  • The Dollar strengthened, with the Rupee also gaining ground as investors pulled out of bullion and switched their bets to currency markets.
  • The decline was also attributed to weak demand by investors and industry, as Fed officials continued to hint at a rate hike in the immediate future.
April 1st Rate Rs.36,800
April 30th Rate Rs.41,900
Highest Rate in April Rs.42,000 on the 29th of April
Lowest Rate in April Rs.35,900 on the 3rd and 4th of April
Overall Performance Gain / Positive
Percentage Change +13.9%

Apr'16 - Weeks 1 & 2 (1st to 10th)

  • Silver rates declined marginally during the initial ten trading days of the month.
  • Prices were recorded at Rs.36,800 on the 1st of April and Rs.36,300 on the tenth day of the month.
  • Despite marginal increases and decreases during the course of the first ten days of the month, there was decline of Rs.500 in prices mostly due to the fact that international and domestic trends were still firming.

Apr ‘16 - Week 3 (11th to 17th)

  • Silver prices deviated from the trend and increased drastically during the third week of trading.
  • Prices were recorded at Rs.36,900 on at the start of the week and Rs.38400 by the end of the seven-day period.
  • Prices were on the up by Rs.1500 in seven days, marking a steep incline thanks to increase in demand and strong global cues amidst weakening of the dollar and high offtake.

Apr ‘16 - Week 4 (18th to 24th)

  • The fourth week of April also witnessed gains in silver rates as the trend was maintained.
  • Prices were recorded at Rs.38,500 on the first day of the week and Rs.40,300 on the last.
  • The overall increase in price was Rs.1,800, making it the best week for trading in terms of gains.

Apr ‘16 - Week 5 (25th to 30th)

  • Silver rates experienced a great start to the week with prices increasing day by day before falling marginally on the last day of the week.
  • As the week progressed, prices increased steadily and hit a month-high of Rs.42,000 on the 29th of April, but declined by Rs.100 to Rs.41,900 on the last day of the month.
1st March rate Rs.36,400
31st March rate Rs.36,400
Highest rate in March Rs.37,700 from 21st to 24th
Lowest rate in March Rs.36,300 on 29th and 30th
Overall performance No change
% Change 0%

Mar'16 - Week 1 (1st to 6th)

  • Silver prices were stable in Bangalore over the first week at Rs.36,400.

Mar'16 - Mar'16 - Week 2 (7th to 13th)

  • Silver rates were once again stable during the 2nd week as bullion trading came to a halt over protests from gold jewellers.

Mar'16 - Week 3 (14th to 20th)

  • Prices continued to remain at Rs.36,400 over the course of 3rd week also.

Mar'16 - Week 4 (21st to 27th)

  • Silver rates experienced fluctuation in the 4th week as prices started out at a high of Rs.37,700 and fell to Rs.36,700 on 25th where they remained for the rest of the days.

Mar'16 - Week 5 (28th to 31st)

  • There was some more fluctuations in the final days of March.
  • Prices were Rs.36,600 on 28th and Rs.36,400 on 31st.
1st February rate Rs.35,040
29th February rate Rs.36,605
Highest rate in February Rs.38,525 on 12th
Lowest rate in February Rs.34,975 on 2nd
Overall performance Gain/Positive
% Change +4.47%

Week 1 (1st to 7th)

  • Silver gained value as February began.
  • Prices were Rs.35,040 on 1st and Rs.36,690 on 7th.
  • Silver rose by an overall margin of Rs.1,

Week 2 (8th to 14th)

  • Silver rates were stable on the whole during the 2nd week.
  • Rates were Rs.35,900 on 8th and Rs.37,800 on 14th.
  • Silver prices rose by an overall margin of Rs.1,900 over the second week, with positive trading on all days except on 11th when prices marginally fell to Rs.37,100 fro Rs.37,200.

Week 3 (15th to 21th)

  • Silver gained some more value in the 3rd week.
  • Prices were Rs.37,100 on 15th and Rs.37,600 on 21st.
  • Silver prices were stable within 37,100-37,600 range all through the week.

Week 4 (22nd to 29th)

  • Silver prices were down during trading in the last week of February.
  • Rates were Rs.37,400 on 22nd and Rs.36,400 on 29th.
  • Silver prices were stable at Rs.37,400 till 25th before depreciating consecutively over the next 4 days to end the week Rs.1,000 lower.

4 th January rate

Rs.33,100

31 st January rate

Rs.35,400

Highest rate in January

Rs.35,400 on 30th and 31st

Lowest rate in January

Rs.33,100 on 4th, 5th and 13th

Overall performance

Gain/Positive

% Change

+6.95%

Jan '16 - Week 1 (4 th to 10 th )

  • Silver rates were positive in the first week of trading in 2016.

  • Prices were Rs.33,100 on 4th and Rs.33,600 on 10th.

  • Silver rates rose consistently till 8th to touch Rs.34,000.

  • Prices slid by Rs.400 on 9th to settle at Rs.33,600 for the rest of the week.

Jan '16 - Week 2 (11 th to 17 th )

  • Silver rates were stable on the whole during the 2nd week.

  • Rates were Rs.33,600 on 11th and Rs.33,700 on 17th.

  • Prices depreciated to Rs.33,100 by 13th before rallying to Rs.34,100 on 14th.

  • Silver lost Rs.400 to settle at Rs.33,700 for the week.

Jan '16 - Week 3 (18 th to 24 th )

  • Silver Rates were up in the 3rd week.

  • Prices were Rs.33,800 on 18th and Rs.34,300 on 24th.

  • Silver gained value on all days of the week to rise to Rs.34,300 by 23rd and settle there on 24th.

Jan '16 - Week 4 (25 th to 31 st )

  • Silver prices were up again in the last week of January.

  • Rates were Rs.34,200 on 25th and Rs.35,400 on 31st.

  • Silver rates appreciated to Rs.35,200 by 28th before dropping to Rs.35,100 on 29th.

  • Prices appreciated and stabilized at Rs.35,400 on 30th and 31st.

1stDecember rate Rs.34,700
31stDecember rate Rs.33,300
Highest rate in December Rs.34,700 on 1st
Lowest rate in December Rs.33,100 on 18th
Overall performance Loss/Negative
% Change -4.03%
Dec'15 - Week 1 (1stto 7th)
  • Silver prices were stable on the whole in the 1st week of December.
  • Prices were Rs.34,700 on 1st and Rs.34,500 on 7th.
  • Prices dropped by Rs.1,000 in the first 3 days to settle at Rs.33,700 by 3rd.
  • Silver gained an overall value of Rs.800 in the next four days to end the week at almost the same level it began with.
Dec'15 - Week 2 (8thto 14th)
  • Silver Rates depreciated marginally during the 2nd week.
  • Rates were Rs.34,100 on 8th and Rs.33,800 on 14th.
  • Silver prices declined gradually in multiples of Rs.100 to Rs.33,800 on 14th from Rs.34,100 on 8th, except for 9th when prices rose by Rs.100 to Rs.34,200.
Dec'15 - Week 3 (15thto 21st)
  • Silver Rates were up in the 3rd week.
  • Prices were Rs.33,300 on 15th and Rs.33,800 on 21st.
  • Silver was stable in the range of Rs.33,100 and Rs.33,900 throughout the week with small gains and losses along the way.
Dec'15 - Week 4 and Week 5 (22ndto 28th, 29thto 31st)
  • Silver prices depreciated in the final days of the month.
  • Rates were Rs.33,900 on 22nd and Rs.33,300 on 31st.
  • Silver rates were stable within Rs.300 in the range of Rs.33,800 to Rs.34,100 all through the 4th week.
  • Prices dropped by Rs.500 on 29th to Rs.33,400 and again by Rs.100 on 31st to end the month at Rs.33,300.
1stNovember rate Rs.36,200
30thNovember rate Rs.33,900
Highest rate in November Rs.36,500 on 2nd and 3rd
Lowest rate in November Rs.33,900 on 18th, 24th, 28th and 30th
Overall performance Loss/Negative
% Change -6.35%

Nov '15 - Week 1 (1st to 7th)

  • Silver prices depreciated in the 1st week of November.
  • Prices were Rs.36,200 on 1st and Rs.35,100 on 7th.
  • Rates appreciated slightly to Rs.36,500 on 2nd and 3rd before dropping to Rs.35,700 by 5th.
  • Silver appreciated slightly to Rs.35,775 on 6th and dropped to Rs.35,100 on 7th.

Nov '15 - Week 2 (8th to 14th)

  • Silver Rates depreciated again in the 2nd week of the month.
  • Prices were Rs.35,100 on 8th and Rs.34,100 on 14th.
  • Prices dropped to Rs.34,800 on 11th and dropped again on 13th and 14th to settle at Rs.34,100.

Nov '15 - Week 3 (15th to 21st)

  • Silver Rates rose marginally in the 3rd week.
  • Prices were Rs.34,100 on 15th and Rs.34,300 on 22nd.
  • Prices oscillated between Rs.33,900 and Rs.34,500 for the whole week before settling at Rs.34,300 at end of the week.

Nov '15 - Nov '15 - Week 4 and Week 5 (22nd to 28th, 29th to 30th)

  • Silver prices were down in the final days of the month.
  • Prices were Rs.34,300 on 22nd and Rs.33,900 on 30th.
  • Silver rates stabilized at Rs.34,100 by 26th before rising slightly to Rs.34,200 on 27th and settling at Rs.33,900 for the last 3 days.

Also Check Silver Price in NearBy Cities of Bangalore

Silver Rate In Metro Cities
Silver Rate In Other Capitals
Silver Rate In Other Major Cities
Silver Rate In States

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