Silver Price Trend In Hyderabad

Trend of Silver Rate in Hyderabad 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 Hyderabad December'18

Silver Rate Trend in Hyderabad in December 2018

  • In December 2018, silver price in Hyderabad steadily increased throughout the month due to the fall in the value of the dollar against other currencies, leading to a rise in global demand.
  • The price of silver on 1 December 2018 was Rs.38,500 per kg, increasing throughout the month. As the value of the dollar weakened, the value of the rupee strengthened, leading to an increase in demand in the country and city.
  • Investors shifted focus from the volatile market to the bullion after the US-China Trade Truce which led in the crashing of the market.
  • On 31 December 2018, silver rate in Hyderabad closed at Rs.41,500 per kg with a percentage incline of 7.79%.

Trend of Silver Rate in Hyderabad 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%

Trend of Silver Rate in Hyderabad for November 2018

  • During the month of November, silver rate in Hyderabad witnessed a gradual drop. This fall was led by flat, yet steady demand from the local industrial units.
  • However, in the first week, the prices soared on the back of healthy demand owing to the festive season. Starting at Rs.40,900 per kg on the 1st, it rose to its monthly high at Rs.41,500 per kg in the first week.
  • Over the course of the following weeks, the prices fell as a recovering dollar prompted investors to move to the greenback from bullion. On November 15, silver price in Hyderabad was Rs.39,700 per kg.
  • The rest of the month did not see any improvement as the prices continued to go down. It ended the month at Rs.38,800 per kg, marking an overall decline of 5.13% in the month.

Trend of Silver Rate in Hyderabad 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 rising crude oil prices and the falling rupee were the highlight for this month’s trading sessions.
  • When the month began, silver was priced at Rs.41,100 per kg. As the dollar was also on the weaker side along with the rupee, silver hit its highest level on the 3rd, when it traded at Rs.42,000 per kg.
  • The next few days saw silver prices consolidate slowly before ending at Rs.41,900 per kg on the 7th of October.

October 2018 - Week 2 (8 - 14):

  • The second week started with silver opening at Rs.41,500 per kg as demand dropped ahead of a rising dollar.
  • This week recorded some slumps in rates which could be seen when the metal traded at Rs.41,200 per kg toward the midweek.
  • When the week ended, silver rates went up to Rs.41,500 per kg, thereby closing at the same rate like it was at the time of opening this week.

October 2018 - Week 3 (15 - 21):

  • The third week’s trading in Hyderabad started with silver opening at Rs.41,900 per kg - a sharp rise from the previous day.
  • Markets were awaiting the Fed Reserve meeting while precious metal investors decided to make the most of the situation before a change in the status quo came about.
  • On the 17th, prices went down to Rs.41,400 per kg before going up to Rs.41,700 per kg on the 19th as markets were a bit wobbly.
  • The week came to a halt on the 21st with the metal trading at Rs.41,400 per kg.

October 2018 - Week 4 (22 - 28):

  • The fourth week of October opened for trading with silver prices starting at Rs.41,900 per kg.
  • The Indian rupee which was under a massive falling trend picked up slightly which led to a drop in silver demand. This led to the white metal trading at Rs.41,900 per kg on the 24th.
  • On the 26th, silver rates in Hyderabad went down to Rs.41,500 per kg before dropping to Rs.41,700 per kg on the final day of the week.

October 2018 - Week 5 (29 - 31):

  • The final week of October saw silver open at Rs.41,600 per kg as fell over the next two days as demand was on the slower side.
  • On the 30th, silver rates in Hyderabad dropped to Rs.41,200 per kg and continued on at the same rate on the final day of the month as well.
  • A strong demand for the metal brought about by a rising dollar and a falling rupee helped price trends rise by 0.24% this month.

Trend of Silver Rate in Hyderabad 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)

  • Silver opened at Rs.40,000 per kg on 1st September 2018.
  • Though a slight incline in silver prices was recorded on 2nd when the metal inclined by Rs.100 per kg and traded at Rs.40,100 per kg, silver rates quickly fell and hit a monthly low of Rs.39,500 per kg on 5th September and remained unaffected till 7th.
  • Meanwhile, the stock market was negatively affected due to the ongoing trade was tension and investors turned towards safe-haven assets which caused silver rates in Hyderabad to incline and close at Rs.39,700 per kg.

September 2018- Week 2 (9-15)

  • As the demand for the metal remained stable, silver continued to trade at Rs.39,700 per kg on 9th September.
  • From 11 to 13 September, silver rates inclined due to high demand and traded at Rs.39,900 per kg before falling to Rs.39,800 per kg on 14 September.
  • Silver rates succumbed to a strong US dollar and closed at Rs.39,500 per kg on 15 September.

September 2018- Week 3 (16-22)

  • Silver continued to trade at Rs.39,500 per kg on 16 September but managed to recover during the course of the week as the retail and industrial demand for the metal picked up.
  • On 17, 18, and 19 September, silver prices inclined and traded at Rs.39,700 per kg, Rs.39,800 per kg, and Rs.40,000 per kg respectively.
  • As the global trade tensions continued and affected the stock market negatively, silver rates further inclined and traded at Rs.40,100 per kg on 20 and 21 September before closing at Rs.40,300 per kg on the 22.

September 2018- Week 4 (23-30)

  • On 23 September, silver continued to trade at Rs.40,300 per kg in Hyderabad before dipping to Rs.40,000 per kg on 24 due to weak demand.
  • However, as the demand for the metal picked up, silver recovered and surged to R.40,200 per kg on 25 and further increased to Rs.40,800 per kg on 26 September.
  • On 29 and 30 September, silver hit a monthly high of Rs.41,200 per kg and recorded an overall incline of 3% for the month.

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

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

August 2018 - Week 1 (1 - 05):

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

August 2018 - Week 2 (6 - 12):

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

August 2018 - Week 3 (13 - 19):

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

August 2018 - Week 4 (20 - 26):

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

August 2018 - Week 5 (27 - 31):

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

Trend of Silver Rate in Hyderabad for July 2018 (rates per kg)

Parameters Silver price (per kg)
July 1 Rate Rs.42,800 per kg
July 31 Rate Rs.41,400 per kg
Highest Rate in July Rs.42,900 per kg from 9 - 10 July
Lowest Rate in July Rs.41,200 per kg from 28 - 29 July
Overall Monthly Performance Decrease
Percentage Change -3.27%

July 2018- Week 1 (1-10)

  • The month started off with the price of silver commencing at Rs.42,800 per kg.
  • Silver prices dropped slightly on 3 July due to declining demand from industrial units. The price of the metal dropped by a few points to Rs.42,400 per kg.
  • The silver price in Hyderabad the rose to Rs.42,800 per kg and stood the same for the next few days. This can be associated with the fluctuation in the local industrial offtake.
  • During the end of the week, on 9 - 10 July, silver rates in Hyderabad rose to Rs.42,900 per kg. This could be because of positive market trends clubbed with declining dollar rates over other currencies.

July 2018- Week 2 (11-17)

  • The silver price in Hyderabad for the second week of July declined from the latter part of last week to Rs.42,600 per kg, which can be linked to a decreased demand for the metal.
  • Industrial demand for the metal dipped further which in turn decreased the silver price in Hyderabad. The price from 12 - 14 July stood at roughly Rs.42,200 per kg.
  • Due to stable industrial demand, silver prices continued to be relatively stable. The silver rate in Hyderabad on 16 July stood at Rs.42,300 per kg.
  • The price then increased towards the end of the week and stood at Rs.42,100 per kg on 17 July.

July 2018- Week 3 (18 - 24)

  • The price of silver in the third week of July declined when compared to the previous week of July. The price of the metal on 18 July stood at Rs.41,700 per kg. This can be associated with decreased industrial demand for silver during the same time.
  • Due to the rise in dollar value, silver prices fell further to Rs.41,300 per kg on 20 July.
  • Demand for the metal increased in the following few days which led to the increment in the silver rate. The price of silver in Hyderabad on 21 - 22 July stood at Rs.41,700 per kg.
  • The price of the metal declined towards the end of the week in Hyderabad 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 decreased as dollar rates dropped slightly. The metal stood at Rs.41,400 on 30 - 31 July.

Trend of Silver Rate in Hyderabad for June 2018 (rates per kg)

Parameters Silver price (per kg)
June 1 Rate Rs.42,800 per kg
June 30 Rate Rs.42,800 per kg
Highest Rate in June Rs.45,000 per kg on 15 June
Lowest Rate in June Rs.42,600 per kg from 2 to 5 June
Overall Monthly Performance Steady
Percentage Change 0.00%

June 2018 - Week 1 (1 - 10):

  • The week began with silver trading at Rs.42,800 per kg on the 1st with domestic demand on the decline amid the rising US dollar and poor market trend overseas.
  • Strong dollar performances coupled with poor local demand from industries and coin makers led to silver rate in Hyderabad dropping to Rs.42,600 per kg on the 2nd.
  • Prices remained untouched at Rs.42,600 per kg until the 5th before rebounding to Rs.43,900 per kg the next day with investors banking on the bullion ahead of the G7 summit.
  • However, with the greenback recovering from the previous session’s loss, silver price in Hyderabad dropped to Rs.43,600 per kg on the 8th.
  • With the US President blaming other heads of the G7 participating nations for wrong trade practices, the US dollar lost against a basket of other major currencies. This led to prices recovering over the next few days.
  • Favourable market cues coupled with steady investor demand led to silver rates holding at Rs.43,700 per kg for the remainder of the week.

June 2018 - Week 2 (11 - 17):

  • The second week opened with the white metal priced at Rs.43,900 per kg on the 11th after rates rose by Rs.200 at the domestic level amid the weakened US dollar and losing equities.
  • With domestic markets capitalising on gains from the previous sessions, rates rose to Rs.44,000 per kg on the 12th amid strong international trends.
  • The 15th saw silver price in Hyderabad touching a monthly high of Rs.45,000 per kg with the greenback losing against other apex currencies ahead of Federal Reserve monetary policy meeting.
  • Rates dropped to Rs.44,300 per kg on the 16th with local demand stabilising amid the recovering US dollar.
  • The week came to an end with the metal priced at Rs.44,300 per kg on the 17th with subdued but steady demand from local industrial units and coin makers.

June 2018 - Week 3 (18 - 24):

  • When trading began for the third week, silver price in Hyderabad were recorded holding at Rs.43,400 per kg on the 18th after rates dropped by Rs.900 from the previous session amid the rising US greenback and equities.
  • With investor demand capped by the strengthening US dollar index over the next couple of days, silver was priced at Rs.43,100 per kg on the 20th.
  • The 21st saw prices dropping further to Rs.42,900 per kg with subdued local demand compounded with poor market trends overseas.
  • Trading concluded for the week with the white metal prices holding at Rs.42,900 per kg on the 24th with poor but steady demand from local industries and coin manufacturers.

June 2018 - Week 4 (25 - 30):

  • The final week opened with silver trading at Rs.43,200 per kg with global demand held in check by the well-performing equity markets overseas.
  • Silver price in Hyderabad dropped significantly with demand declining after the US greenback rose against a basket of other apex currencies during the week.
  • Silver was priced at Rs.43,000 per kg on the 28th which dropped by Rs.200 to Rs.42,800 per kg the next day amid poor global cues.
  • The month came to an end with the industrial metal priced at Rs.42,800 per kg on the last day with poor demand from coin makers and other domestic industrial amid the weak trend overseas.

Trend of Silver Rate in Hyderabad 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):

  • The week witnessed silver trading on a positive note with strong domestic demand amid strong global cues.
  • Silver was recorded trading at Rs.42,000 per kg on the 1st when the month began amid poor market trends.
  • With markets speculating the possible impact of the US-Sino trade war on the economy, demand for safe-haven assets rose. This led to prices surging to Rs.42,600 per kg on the 3rd.
  • Thanks to steady demand from investors and traders, silver rate in Hyderabad remained untouched at Rs.42,600 per kg for the remainder of the week.

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

  • The second week of trading commenced in Hyderabad with silver priced at Rs.43,200 per kg on the 7th.
  • Demand, however, dropped over the next couple of days with traders refraining from making purchases amid the rising dollar. Silver was recorded trading at Rs.43,000 per kg on the 8th.
  • Silver rate in Hyderabad rose to Rs.43,100 per kg on the 9th before surging further to Rs.43,300 per kg on the 10th following a slight incline in industrial demand for the metal.
  • An increase in investor demand brought about by positive global cues led to silver being priced at Rs.43,500 per kg on the 11th.
  • Trading concluded for the week with the white metal prices holding at Rs.43,500 per kg on the 13th with steady demand from domestic industries and coin makers.

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

  • The week began with silver trading at Rs.43,600 per kg on the 14th with domestic markets capitalising on the previous session’s gains.
  • However, with the US greenback gaining against a basket of other emerging currencies, demand for the metal plunged over the next few days.
  • Silver was recorded trading at Rs.43,300 per kg on the 15th before dropping to Rs.43,000 per kg the next day.
  • Silver rate in Hyderabad rose to Rs.43,200 per kg for a brief period on the 17th, which plunged again to Rs.43,000 per kg the following day with demand suppressed by the strong US dollar.
  • The week came to an end with the industrial metal priced at Rs.43,100 per kg on the 20th with steady demand from the domestic markets.

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

  • The fourth week opened with silver rate in Hyderabad holding at Rs.43,100 per kg on the 21st amid firm market trend overseas.
  • The dollar, however, dropped the next couple of days after the US Federal Reserve decided to keep their benchmark interest rates unaltered.
  • This led to prices rising to Rs.43,200 per kg and Rs.43,500 per kg on the 22nd and the 23rd respectively.
  • The 25th saw silver prices touching their highest monthly figure of Rs.43,800 per kg with string industrial orders from the Asian continent.
  • Trading ended for the week with silver price in Hyderabad at Rs.43,600 per kg on the 27th as local demand stabilised amid the recovering US dollar index.

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

  • The final week commenced with silver rate in Hyderabad dropping by Rs.600 at Rs.43,000 per gram on the 28th with local demand held in check by the strong US dollar.
  • The next day saw rates rising to Rs.43,100 per kg on the 29th before plummeting to Rs.42,900 per kg on the 30th as the dollar touched record highs on the back of positive market sentiments on the US-North Korean summit.
  • The month came to an end with the industrial metal trading at Rs.43,100 per kg on the last day, registering an incline of 2.61% in silver trade during the course of the month.

Trend of Silver Rate in Hyderabad 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)

  • Demand for silver in Hyderabad fluctuated in the first week of April, trading at Rs.41,400 per kg as the month began.
  • Prices rose to Rs.41,600 per kg on 3 April before a rally by the dollar led to a drop in demand for the industrial metal.
  • Silver fell to Rs.41,000 per kg on 5 April as the dollar and equity markets recovered from earlier losses, as local industrial demand was muted.
  • The week ended with silver prices rising marginally to trade at Rs.41,200 per kg on 7 April.

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

  • There was a steady rise in the price of silver in the second week as political crises led to markets falling sharply.
  • The industrial metal was priced at Rs.41,200 per kg on 8 April as the week began but prices rose on strong demand from Asian industrial units due to a low dollar rate.
  • Tensions between the U.S. and China regarding trade tariffs led to major global markets falling on fears of a trade war.
  • Silver rose to Rs.42,000 per kg on 12 April as local demand was also high due to favourable cues.
  • There was a slight drop in the value of silver towards the end of the week as the metal traded at Rs.41,900 per kg on 15 April.

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

  • The continued tensions between the U.S. and China coupled with instability in Syria led to equity markets and currencies trading low, resulting in higher demand for bullion.
  • Investors rushed to buy bullion, pushing silver prices to Rs.42,100 per kg as the week began on 16 April.
  • The launching of counter strikes against Syria by a U.S.-led coalition led to renewed fears of instability as markets fell and commodity prices soared.
  • Silver rose to Rs.43,800 per kg on 20 April, the highest rate for the month on the back of steady local and overseas demand for the metal.
  • There was no change in price as the week ended, with silver priced at Rs.43,800 per kg on 22 April.

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

  • The last week of April saw a decline in the silver rates in Hyderabad as the dollar recovered from its earlier losses and markets also stabilised.
  • The week began with silver priced at Rs.43,700 per kg on 23 April as overseas demand was stable.
  • A drop in price was observed as the week progressed, with silver prices falling to Rs.43,000 per kg on 26 April on sluggish local demand.
  • Impending trade talks between China and the U.S. bolstered equity markets as the dollar also improved against other global currencies.
  • Prices fell to Rs.42,800 per kg on 27 April before dropping further to Rs.42,300 per kg on 30 April.
  • In spite of a dip in price towards the end of the month, silver rose by 2.17% in value over the course of the month.

Trend of Silver Rate in Hyderabad 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 (1st - 4th)

  • When trade exchanges opened for the month of March, gold was priced at Rs.3,043 per gram.
  • Prices went up to Rs.3,049 per gram on the 3rd as demand for the metal surged amidst a poor equity market.
  • Gold rates in Visakhapatnam went further up to Rs.3,068 per gram on the 4th as the US President Donald Trump introduced tariffs on the import of steel and aluminium products.
  • The rise occurred because markets didn’t respond positively to the newly introduced change.

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

  • On the 5th, gold was seen trading at Rs.3,054 per gram which then rose to Rs.3,064 per gram as demand rose for the precious metal.
  • The 7th saw prices rise to Rs.3,074 per gram after demand went up amid reports of a trade war between the US and China.
  • Gold prices in Visakhapatnam declined on the 8th to trade at Rs.3,061 per gram before falling further to Rs.3,047 per gram on the 9th as demand dropped.
  • The next day, however, saw gold prices rise to Rs.3,067 per gram as the US dollar weakened ahead of a weak jobs data.

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

  • The third week began with gold opening at Rs.3,057 per gram before falling to Rs.3,047 per gram on the 13th.
  • On the 14th, gold rates went up to Rs.3,062 per gram after the latest firing of US Secretary Rex Tillerson by President Trump brought uncertainty into the market.
  • During the 15th, gold prices dipped to Rs.3.056 per gram before dropping further to Rs.3,040 per gram on the final day of the month.

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

  • When the fourth week of March began on the 19th, gold was priced at Rs.3,030 per gram.
  • Due to a number of factors, gold rate rose to as high as Rs.3,067 per gram by the 22nd and surged further up to trade at Rs.3,081 per gram the next day.
  • The final two days of this week saw gold prices holding at Rs.3,105 per gram, which also happened to be the highest figures for the month.

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

  • Trading opened for 26th March, with gold being priced at Rs.3,095 per gram, which went up marginally to Rs.3,098 per gram on the 27th.
  • The 28th saw prices fall to Rs.3,084 per gram as the US dollar rose against a host of other currencies, which caused gold demand to drop.
  • Over the 30th and 31st of March, gold was seen trading at Rs.3,066 per gram and Rs.3,077 per gram respectively.
  • Price trends recorded a 0.95% incline this month, thanks to a sharp increase in prices towards the final week.

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

Parameters Silver price (per kg)
Silver Rate on 1st February 2018 Rs.42,600 per kg
Silver Rate on 28th February 2018 Rs.41,200 per kg
Highest Rate in February Rs.42,600 per kg on 1 and 2 February
Lowest Rate in February Rs.40,600 per gram on 10 and 11 February
Overall Monthly Performance Decline
Percentage Change -3.28%

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

  • The month began in Hyderabad with the white metal trading at Rs.42,600 per kg on the 1st after the US dollar weakened ahead of the US employment data. This was also the lowest monthly figure recorded in the city.
  • Silver rates remained unaltered at Rs.42,600 per kg on the 2nd owing to strong domestic demand amid the positive global cues.
  • However, the US dollar index rose against other emerging currencies after the US payrolls data proved to be stronger than expected. This led to silver prices plunging to Rs.41,700 per kg on the 3rd.
  • Thanks to the subdued but steady demand from industries and coin manufacturers, the rest of the week saw the industrial metal prices holding steady at Rs.41,700 per kg on the 4th.

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

  • When trading commenced for the second week, silver was priced relatively lower at Rs.41,500 per kg on the 5th after demand for the metal declined amid weak global cues.
  • Though rates rose to Rs.41,900 per kg the next day, silver prices plunged to Rs.41,400 per kg on the 7th with the US dollar index rising against other apex currencies in the international market.
  • Poor trends overseas compounded by weak demand resulted in silver rate in Hyderabad dropping further to Rs.40,800 per kg on the 8th.
  • The 9th saw the white metal rates rebounding to Rs.41,000 per kg following an unexpected incline in domestic demand despite the poor trend overseas.
  • However, with the dollar and equities market performing well in the international trade, silver price in Hyderabad in Hyderabad plummeted to Rs.40,600 per kg on the 10th. This was also the lowest recorded monthly figure in the city.
  • The week concluded with the industrial metal trading at Rs.40,600 per kg on the 11th with poor demand amid the weak trends overseas.

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

  • Poor dollar performances coupled with weakly performing equities resulted in silver prices rising considerably during the course of the week.
  • The week began with silver priced relatively higher at Rs.40,900 per kg on the 12th with the US dollar losing ground ahead of the US inflation data.
  • The next couple of days saw silver rate in Hyderabad rising after markets awaited the inflation data for clues on the pace of Fed rate hikes during the year. The white metal was recorded trading at Rs.41,300 per kg on the 13th before rising to Rs.41,400 per kg on the 14th amid the positive trends overseas.
  • Silver price in Hyderabad surged to Rs.41,800 per kg on the 15th before plunging to Rs.41,700 per kg on the 16th with the US dollar strengthening following the US inflation data.
  • With investors and traders gravitating on safe-haven assets to hedge against inflation concerns, demand for the metal surged. This led silver prices holding steady at Rs.41,700 per kg for the remainder of the week.

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

  • The fourth week commenced with the industrial metal priced at Rs.41,600 per kg on the 19th.
  • However, silver rate in Hyderabad plunged to Rs.41,200 per kg the next day after the US dollar strengthened against other emerging currencies.
  • Though rates remained untouched at Rs.41,200 per kg on the 21st amid the poor trends overseas, silver prices rebounded to Rs.41,400 per kg the next day with an increase in demand from local industries and coin manufacturers.
  • Silver price in Hyderabad surged further to Rs.41,600 per kg on the 23rd with the US dollar index and equities market losing in the international market.
  • The 24th saw rates declining slightly to Rs.41,500 per kg after domestic demand stabilised amid the firm trends overseas.
  • Thanks to steady demand from industries and coin makers, the rest of the week saw silver trading firm at Rs.41,500 per kg amid the positive trend overseas.

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

  • When trading commenced for the last week, silver price in Hyderabad were recorded holding at Rs.41,600 per kg on the 26th.
  • With markets eyeing on the Federal Reserve Chairman Jerome Powell’s first congressional testimony, the US dollar weakened. This led to silver rate in Hyderabad surging to Rs.41,700 per kg on the 27th.
  • The month came to an end with the industrial metal trading at Rs.41,200 per kg on the 28th as the US dollar strengthened after Jerome Powell vowed to save the country’s economy from overheating while sticking to planned Fed rate hikes.
  • Silver trade in Hyderabad registered a loss of 3.28% during the course of the month.

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

Parameters Silver price (per kg)
Silver Rate on 1st January 2018 Rs.38,925 per kg
Silver Rate on 31st January 2018 Rs.42,200 per kg
Highest Rate in January Rs.42,700 per kg on 29 January
Lowest Rate in January Rs.38,925 per kg on 1, 2 and 10 January
Overall Monthly Performance Incline
Percentage Change 8.41%

January 2018 - Week 1 (1 - 7):

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

January 2018 - Week 2 (8 - 14):

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

January 2018 - Week 3 (15 - 21):

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

January 2018 - Week 4 (22 - 28):

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

January 2018 - Week 5 (29 - 31):

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

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

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

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

  • The month began in Hyderabad with silver trading at Rs.38,230 per kg on the 1st of December.
  • Silver price in Hyderabad rose to Rs.38,815 per kg on the 2nd which continued on to the next day with steady demand from industrial units and coin manufacturers.
  • However, the 4th saw silver rate in Hyderabad plummeting to Rs.38,005 per kg with the US dollar strengthening after the Republican tax bill was narrowly voted for by the US Senate.
  • On the 5th, silver prices declined further to Rs.37,965 per kg before surging to Rs.38,395 per kg on the 6th with the US dollar gaining against other major emerging currencies.
  • Strong dollar index coupled with firmer equities in the world market led silver rates remaining low for much of the week. This resulted in silver prices falling to Rs.37,235 per kg on the 7th of December.
  • The 8th witnessed silver rate in Hyderabad plunging to Rs.36,620 per kg with demand for industrial metal declining amid the poor trends overseas.
  • Prices, however, recovered to Rs.36,715 per kg on the 9th due to a slight increase in global demand from industries and coin makers.
  • The week concluded with the white metal holding steady at Rs.36,715 per kg on the 10th, thanks to a steady but subdued demand amid the uneven trends overseas.

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

  • When trading opened for the second week silver was priced at Rs.36,920 per kg on the 11th with demand slightly improving from the previous week.
  • However, silver price in Hyderabad dropped to Rs.36,620 per kg the next day before declining to Rs.36,545 per kg on the 13th amid the strengthening US dollar and well-performing equity markets. This was also the lowest recorded monthly figure in Hyderabad.
  • A decline in the US dollar index after the dollar weakened against other major emerging currencies led to an increase in demand for the white metal. This led to silver rate surging to Rs.38,395 per kg on the 14th.
  • The 15th, however, witnessed silver rate in Hyderabad plunging to Rs.36,920 per kg as demand for the metal subsided amid the strengthening dollar.
  • Silver prices remained unchanged at Rs.36,920 per kg on the 16th but rebounded to Rs.37,180 per kg on the 17th with the new interest rate hike by the Fed Reserve proving to be unfavourable for the equities market.

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

  • The week began with the white metal prices rising to Rs.38,395 per kg on the 18th due to an increase in buying from coin makers and industrial units.
  • The next day saw silver price in Hyderabad dropping to Rs.37,600 per kg as a result of the strengthening dollar coupled with firmer equities.
  • Prices fluctuated for most of the week due to the fluctuating dollar rates compounded by the unevenly performing world markets. Silver was priced at Rs.38,395 per kg on the 20th before plunging again to Rs.37,705 per kg on the 21st.
  • The 22nd witnessed silver rate in Hyderabad rising again Rs.38,395 per kg before declining to Rs.37,965 per kg on the 23rd following the poor trends overseas.
  • The industrial metal was holding steady at Rs.38,395 per kg on the 24th when the week came to an end amid the positive global cues.

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

  • The final week of December saw silver rates start on a relatively low note but rise significantly towards the end amid the weakened US dollar which pushed demand higher for the metal.
  • The week began with the white metal trading at Rs.38,395 per kg on the 25th with steady demand from the previous week.
  • However, an unexpected decline in demand from industries amid the positive trends led to silver price in Hyderabad plunging to Rs.38,005 per kg on the 26th.
  • With the US dollar losing against a basket of other major currencies, silver rates rose gradually during the rest of the week. Silver was priced at Rs.38,275 per kg on the 27th which further surged to Rs.38,925 per kg on the 28th.
  • Though silver price in Hyderabad dropped slightly to Rs.38,815 per kg on the 29th with a decline in domestic demand, the 30th saw silver rates surging to Rs.39,265 per kg - the highest recorded monthly figure - on the 30th due to an increase in offtake by industries and coin makers.
  • The last day saw silver rates holding steady at Rs.39,265 per kg owing to a strong and steady demand amid the weakened US dollar and poorly performing equities.
  • Hyderabad registered a profit of 2.70% in silver trade during the course of the month.

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

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

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

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

November 2017- Week 2 (6 to 12)

  • The week began with silver priced at Rs.39,355 per kg on 6 November as demand was steady due to the previous week’s gains.
  • The price of silver rose to Rs.40,040 per kg on 7 November as news of the arrest of several top-ranking members of the Saudi Arabian leadership threw markets into a downward spiral.
  • Local demand also rose as the U.S. dollar rate plunged, resulting in silver price in Hyderabad holding steady at Rs.40,040 per kg on 8 & 9 November.
  • Demand began to fall towards the middle of the week, with silver trading at Rs.39,970 per kg on 10 November.
  • The price of silver in Hyderabad did not see much change for the remainder of the week as the metal ended the week priced at Rs.39,970 per kg on 12 November.

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

  • The third week saw the price of silver rise as the political unrest in Saudi Arabia and the increase in tensions with North Korea kept markets unstable.
  • Silver opened the week at Rs.39,870 per kg on 13 November, with the price falling slightly due to a strong opening by markets across the world.
  • Silver price in Hyderabad rose as the week progressed as markets in the United Kingdom were on the decline over a failure to break deadlock over Brexit negotiations, with silver trading at Rs.40,140 per kg on 14 November.
  • Silver continued to rise, with the metal trading at Rs.40,240 per kg on 15 & 16 November as orders from Asia increased.
  • Silver rate in Hyderabad fell to Rs.40,040 per kg on 17 November as market demand dropped on the heels of a steady recovery by equity markets.
  • Orders from coin makers also rose during this time, though prices did not see much of a change.
  • Tensions with North Korea increased as the week drew to a close, resulting in silver prices rising to Rs.40,520 per kg on 18 & 19 November.

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

  • Silver was priced at Rs.40,440 per kg on 20 November as markets performed well after the previous week’s rise in demand.
  • Silver rate in Hyderabad dropped to Rs.Rs.39,780 per kg on 21 November as markets were on the recovery after falling quite heavily in the previous week.
  • The decline in demand for silver in the international market resulted in local prices falling to Rs.39,265 per kg on 22 November.
  • Silver price in Hyderabad rose marginally and traded at Rs.40,060 per kg on 23 November following a rise in local demand.
  • The renewal of tensions over nuclear testing between between the United States and North Korea resulted in markets falling as investors turned to bullion to hedge their investments.
  • The week ended with silver prices continuing to fluctuate, trading at Rs.39,780 per kg on 26 November.

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

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

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

  • Silver opened the week trading at Rs.39,500 per kg on the 1st of October.
  • Silver Price in Hyderabad remained untouched at Rs.39,500 per kg the next day as well, thanks to steady demand from coin makers and industrial units.
  • The next couple of days witnessed rates plunging after the dollar strengthened against other major emerging currencies amid the possibility of an interest rate hike by the US central bank.
  • This led to silver rate in Hyderabad dropping to Rs.39,110 per kg on the 5th. This was also the lowest recorded monthly figure in Hyderabad.
  • Strong global cues coupled with an increased local demand led to prices rising over the next few days and the industrial metal was trading at Rs.39,680 per kg on the 7th.
  • The week concluded with the metal trading steady at Rs.39,680 per kg owing to steady demand from industries and coin makers.

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

  • Positive global trends coupled with strong domestic demand led to silver rate in Hyderabad rising during the second week of October.
  • When the week began, the industrial metal was recorded trading at Rs.39,950 per kg on the 9th.
  • Local demand surged with the imminent arrival of the festive season. This led to silver price Hyderabad rising to Rs.40,060 per kg and Rs.40,285 per kg on the 10th and the 11th respectively.
  • Strong global cues coupled with an improved demand amid the festive season led to the white metal being priced at Rs.40,390 per kg for the remainder of the week.

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

  • The week began with silver being priced at Rs.40.440 per kg on the 16th. This was also the highest monthly figure recorded in Hyderabad.
  • However, with the dollar strengthening amid poor overseas trends, demand for the metal plummeted over the next few days. The silver rate in Hyderabad was at Rs.40,060 per kg on the 18th.
  • Silver Price in Hyderabad declined further to Rs.39,110 per kg on the 19th after a decline in industrial demand in the domestic markets.
  • Thanks to the imminent arrival of Diwali, domestic demand picked up significantly pushing higher to Rs.40,285 per kg on the 20th.
  • Steady local demand led to the white metal trading at Rs.40,060 per kg for the remainder of the week.

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

  • A firm US economy coupled with other poor international trends led to silver rates dropping significantly during the week.
  • The week opened with the white metal trading at Rs.40,040 per kg on the 23rd, which rose to Rs.40,060 per kg on account of an increased buying from industrial units and coin manufacturers the next day.
  • The 25th, however, witnessed silver price in Hyderabad plunging to Rs.39,780 per kg due to a decline in global demand for the metal.
  • The next couple of days saw rated declining further to Rs.39,435 per kg after local demand dipped in the wake of the strengthening US economy.
  • Poor domestic demand coupled with weak trends overseas led to Silver rate in Hyderabad plunging to Rs.39,115 per kg on the 28th and the 29th.
  • Thanks to an increase in demand from industrial units and coin makers, the month ended with the white metal prices rising to Rs.39,435 per kg on the 31st.
Parameters Silver price (per 1 kg)
Silver Rate on 1st September 2017 Rs.40,390 per kg
Silver Rate on 30th September 2017 Rs.39,530 per kg
Highest Rate in September Rs.41,900 per kg on 9 and 10 September
Lowest Rate in September Rs.39,530 per kg on 28 to 30 September
Overall Monthly Performance Decline
Percentage Change -2.12%
September 2017- Week 1 (1st to 10th)
  • Silver started at Rs.40,390 per kg on the 1st of September.
  • Silver prices continued to remain stable till the 3rd of the month due to stable demand from the domestic market.
  • Silver prices in Hyderabad slightly increased on the 04th when the white metal traded at Rs.41,075 per kg.
  • As demand from local market picked up, silver prices in Hyderabad further picked up on the 6th of September and traded at Rs.41,495 per kg.
  • A positive jobs data made the U.S dollar strong which caused silver prices in Asia fall.
  • Meanwhile, as the news of a nuclear test by North Korea surfaced, investors all around the world rushed to invest in the bullion market which increased silver prices on the 08th. On this day, silver traded at Rs.41,675 per kg.
  • On the 9th and 10th of September, silver recorded the highest selling price for the month of Rs.41,900 per kg as many invested in the white metal.
September 2017- Week 2 (11st to 17th)
  • Silver priced succumbed to strong U.S dollar and as a result of which the second week of September saw a decline in silver prices.
  • In the second week of September, silver started at Rs.41,075 per kg.
  • Due to strong U.S Dollar, demand from the local market reduced and silver rates dropped to Rs.41,030 per kg on the 12th of September before settling at Rs.41,075 per kg on the 13th of September.
  • Silver prices in Hyderabad did not see an increase throughout the week as U.S dollar remained strong.
  • The lowest silver rate for this week was recorded from 14th of September to 17th of September when silver was sold at Rs.40,890 per kg.
September 2017- Week 3 (18th to 24th)
  • Silver in Hyderabad traded at Rs.40,440 per kg on 18 September as there was a minor dip in orders from Europe.
  • Silver price in Hyderabad continued to fall throughout week 3, with silver trading at Rs.39,670 per kg on 19 September.
  • A small increase in silver prices was seen on the 20th of September when the white metal traded at Rs.40,060 per kg. This slight increase can be ignored as the prices quickly fell to Rs.39,670 per kg on the 21st of September.
  • From 22nd to 24th of September, silver traded at Rs.40,040 per kg.
September 2017- Week 4 (25th to 30th)
  • The last week saw a further decline in the price of silver in spite of continued geopolitical tensions in the United States.
  • Following the victory of incumbent Chancellor Angela Merkel in the German elections, silver traded at Rs.39,670 per kg on 25 September and briefly rose to Rs.40,520 per kg on 26 September.
  • The impending Catalan independence referendum did not appear to sway markets, which continued to rise, leading to a drop in demand for silver.
  • Prices dropped to Rs.39,530 per kg on 28th September and remained constant till the month ended on 30th September.
  • The lowest silver price recorded for the month of September in Jaipur was from 28th to 30th of September when silver was sold at Rs.39,530 per kg.
  • Silver prices for the month of September in Hyderabad registered a loss of 2.12%
Parameters Silver price (per 1 kg)
Silver Rate on 1st August Rs.38,925 per kg
Silver Rate on 31st August Rs.40,040 per kg
Highest Rate in August Rs.40,190 per kg on 29 & 30 August
Lowest Rate in August Rs.37,235 per kg on 5 & 6 August
Overall Monthly Performance Incline
Percentage Change 2.86%

August ‘17- Week 1 (1st to 6th)

  • Silver price in Hyderabad, began the week quite stable, with the metal trading at Rs.38,925 per kg on 1 August.
  • A rise in the dollar rate led to a drop in demand for the industrial metal, as local demand continued to be poor.
  • Silver rate in Hyderabad dropped to Rs.37,965 per kg on 3 August as the markets began a recovery after a sustained bout of low trading, as Asian markets also reduced orders.
  • Poor demand from local industrial units due to GST was another factor leading to the decline of silver price in Hyderabad.
  • A marginal rise in price was recorded on 4 August as silver traded at Rs.38,120 per kg but poor demand led to prices dropping to Rs.37,235 per kg as the week ended on 6 August.

August ‘17- Week 2 (7th to 13th)

  • Silver price in Hyderabad rose as European markets suffered due to political tensions as well as continued ambiguity over Brexit talks.
  • The week opened with silver trading at Rs.38,295 per kg on 7 August, and prices rising to Rs.38,345 per kg on 8 August due to volatile U.S. markets.
  • Following the release of U.S. non-farm jobs data, there was a rise in demand for bullion due to lower than expected figures, with demand from overseas also rising.
  • The industrial metal traded at Rs.39,530 per kg on 11 August, with prices remaining unchanged for the remainder of the week.

August ‘17- Week 3 (14th to 20th)

  • Demand was steady as overseas industrial units kept demand constant, though local demand was still muted.
  • Silver opened the week at Rs.39,670 per kg on 14 August, with the price reflecting no change from last week due to stable demand.
  • A minor surge in local markets led to a drop in silver prices in Hyderabad, with the metal trading at Rs.38,815 per kg on 16 August, though global demand and prices remained high due to steady trading volumes.
  • The fluctuating markets and unstable dollar rate led to silver demand rising, with European markets also seeing a rise in demand for the metal.
  • Silver was priced at Rs.39,530 per kg on 17 August, but there was a decline in the price due to demand vagaries as the metal dropped to Rs.39,115 per kg on 18 August.
  • Prices remained the same as the week drew to a close on 20 August.

August ‘17- Week 4 (21st to 27th)

  • Demand for silver rose towards the middle of the week, with prices remaining static as the week opened on 21 August, with the metal priced at Rs.39,115 per kg.
  • Volatile markets and fluctuations in currency markets led to higher demand for bullion, as local investors also sought to capitalise on the conducive market conditions.
  • The industrial metal traded at Rs.39,265 per kg on 22 August and rose to Rs.39,355 per kg on 24 August on stable demand from overseas industrial units as well as coin makers.
  • Fears of further aggression by North Korea as well as the economic impact of the hurricane season resulted in U.S. markets plunging, but there was minimal impact on the local silver rates.
  • Silver price in Hyderabad dropped to Rs.38,995 per kg on 25 August, remaining unchanged for the remainder of the week.
  • The missile test by North Korea did not affect prices in Hyderabad, as local demand kept prices stable.

August ‘17- Week 5 (28th to 31st)

  • An increase in the price of silver was recorded due to a rise in demand for safe-haven assets as the implication of the missile test by North Korea was felt across markets.
  • In Hyderabad, silver was priced at Rs.39,435 per kg on 28 August, with a rise in local demand also boosting prices.
  • Markets continued to suffer from the impact of the missile test and the resultant tensions between North Korea and the United States, with most industrial units taking advantage of low dollar rates to increase imports of silver.
  • Silver rate in Hyderabad reached Rs.40,190 per kg on 29 August, aided by an increase in demand from domestic coin makers and retail demand.
  • A slight drop in demand was recorded towards the end of the month, with silver trading at Rs.40,040 per kg on 31 August and recording an increase of 2.86%.
Parameters Silver price
July 1 Rate Rs.38,640 per kg
July 31 Rate Rs.38,640 per kg
Highest Rate in July Rs.38,690 per kg on 3 July
Lowest Rate in July Rs.36,035 per kg on 10 July
Overall Monthly Performance No change
Percentage Change 0%

July ‘17- Week 1 (1st to 9th)

  • Fluctuating markets and conflicting cues from overseas buyers led to silver prices being unstable in the first week of July.
  • The white metal traded at Rs.38,640 per kg on 1 July on steady demand from overseas but the dip in local demand led to prices falling to Rs.37,705 per kg on 4 July.
  • U.S. independence and poor demand from coin makers led to silver prices falling to Rs.37,115 per kg on 7 July.
  • Relative calm on the geopolitical front led to minimal impact on the commodity exchanges as the week ended with silver still priced at Rs.37,115 per kg on 9 July.

July ‘17- Week 2 (10th to 16th)

  • The second week began with silver priced at Rs.36,035 per kg on 10 July due to poor trading in the metal over the weekend.
  • Local demand was poor as the U.S. dollar rate was high and markets were stable, leading to lower demand for safe-haven assets like silver.
  • Investors were also cautious of investing in silver ahead of a possible rate hike announcement by the Federal Reserve, which led to silver prices trading at low Rs.36,270 per g on 14 July.
  • Demand spiked as the week drew to a close as markets plunged following the announcement of the repeal of Obamacare in spite of there being no replacement for the program.
  • Silver price in Hyderabad rose to Rs.37,180 per kg on 15 July, with the prices remaining the same as the week ended on 16 July.

July ‘17- Week 3 (17th to 23rd)

  • Consistent demand from overseas industrial units as well as a rise in retail demand led to silver prices remaining stable in the third week.
  • Silver was priced at Rs.37,180 per kg on 17 July as coin makers helped boost demand, with local demand also beginning to increase.
  • The rise of geopolitical tensions between North Korea and the United States led to higher demand for safe-haven assets like bullion, which led to silver prices rising to Rs.37,600 per kg on 20 July.
  • Demand continued to rise as the week progressed, with silver prices reaching Rs.38,005 per kg on 22 July.

July ‘17- Week 4 (24th to 31st)

  • Prices were high but there was some fluctuation due to demand vagaries in the last week of July.
  • Silver was priced at Rs.38,120 per kg on 24 July before prices rose to Rs.38,690 per kg on 27 July.
  • Demand dropped to Rs.38,460 per kg on 29 July in spite of an increase in local demand as Asian demand was on the decline.
  • A late rally led to silver prices ending the month at Rs.38,640 per kg on 31 July, reflecting no change in the price.
Parameters Silver price
June 1 Rate Rs.40,285 per kg
June 30 Rate Rs.38,995 per kg
Highest Rate in June Rs.40,890 per kg on 7 June
Lowest Rate in June Rs.38,455 per kg on 21 June
Overall Monthly Performance Decline
Percentage Change -3.20%

June 2017 - Week 1 (1st - 4th)

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

June 2017 - Week 2 (5th - 11th)

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

June 2017 - Week 3 (12th - 18th)

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

June 2017 - Week 4 (19th - 25th)

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

June 2017 - Week 5 (26th - 30th)

  • During the final week of June 2017, silver prices in Hyderabad fluctuated considerably due to a lack of sustained demand.
  • When the week began on the 26th, silver was priced at Rs.38,925 per kg, which then went down to Rs.38,455 per kg on the 27th of June.
  • The 28th saw prices increase to Rs.39,115 per kg, which continued to remain the same on the 29th as well.
  • On the last day of June 2017, silver prices fell marginally to reach Rs.38,995 per kg - marking a Rs.120 decline from the previous day’s rates.
  • Silver rates in Hyderabad saw a change of -3.20% as a result of poor local demand and a relatively high-performing US economy and the dollar.
May 1 Rate Rs.40,040 per kg
May 31 Rate Rs.40,060 per kg
Highest Rate in May Rs.40,520 per kg on 30 May
Lowest Rate in May Rs.37,705 per kg on 10 & 11 May
Overall Performance Incline
Percentage Change 0.49%
Comparison for 1 gram Silver Rates for Hyderabad May'17

May ’17 – Week 1 (1 to 7)

  • Silver prices in Hyderabad in the first week of May started strong but dipped due to a decline in demand.
  • Silver was priced at Rs.40,040 per kg on 1 May but fell to Rs.38,925 per kg on 3 May due to a rally by the U.S. Dollar which resulted in a reduction in export demand.
  • Local demand was also affected as demand from coin makers for the white metal dropped, resulting in it trading at Rs.37,965 per kg on 5 May.
  • As the week ended, silver prices rose marginally to trade at Rs.38,005 per kg on 7 May.

May ’17- Week 2 (8 to 14)

  • The second week saw the price of silver continue to trade lower than expected as stock markets enjoyed a bull run, which reduced interest in bullion among investors.
  • Silver was priced at Rs.38,965 per kg on 8 May amidst a slowdown in demand by industry on account of the high import cost.
  • Prices fell to their lowest point for the month, trading at Rs.37,705 per kg on 10 & 11 May as industrial demand all but stagnated due to the persistently high U.S. Dollar.
  • A slight recovery in demand was observed towards the middle of the week, with silver trading at Rs.38,005 per kg on 13 May.
  • The price remained constant as the week ended, with silver trading at Rs.38,005 per kg on 14 May.

May ’17- Week 3 (15 to 21)

  • Silver prices in the third week of May began to rise as the U.S. Dollar rate began to fall due to geo-political factors such as the impending U.S. Federal Reserve’s meeting on fiscal policy.
  • The week opened with silver trading at Rs.38,230 per kg on 15 May as industrial demand began to increase following flat growth by the U.S. Dollar.
  • The price steadily increased during the week, reaching Rs.38,995 per kg on 17 May as local demand also rose on positive trends from overseas markets.
  • Silver traded at Rs.39,265 per kg on 18 May before falling to Rs.39,115 per kg on 20 May.
  • The week ended with the price remaining constant at Rs.39,115 per kg on 21 May due to increased demand from industry as well as coin makers.

May ’17- Week 4 (22 to 28)

  • The fourth week of May saw demand for silver fluctuate due to demand vagaries, with silver opening the week trading at Rs.39,265 per kg on 22 May.
  • Prices rose to Rs.40,040 per kg on 23 May as demand spiked but the price soon fell to Rs.39,670 per kg on 24 May as demand stabilised.
  • Uncertainty over the impact of GST on bullion and the economy led to increased silver purchases, though prices appeared to be unaffected in Hyderabad.
  • Prices fluctuated as the week progressed, with silver trading at Rs,39,950 per kg on 25 & 26 May as demand rose due to a sudden weakening of the U.S. Dollar.
  • Silver reached a high as the week drew to a close, trading at Rs.40,190 per kg on 27 & 28 May.

May ’17 – Week 5 (29 to 31)

  • The last week of May saw the price of silver fluctuate due to market forces and demand vagaries.
  • Silver traded at Rs.40,285 per kg on 29 May before prices rose to their monthly high of Rs.40,520 per kg on 30 May.
  • Prices dipped sharply as the month ended, with silver falling to Rs.40,060 per kg on 31 May. However, prices increased 0.49% over the course of the month.
April 1st Rate Rs.42,570 per kg
April 30th Rate Rs.40,040 per kg
Highest Rate in April Rs.43,055 per kg on 15th and 16th April
Lowest Rate in April Rs.40,040 on 29th and 30th April
Overall Performance Decline
Percentage Change -0.059%

April 2017 - Week 1 (1st - 9th):

  • In Hyderabad, silver rates were relatively on the lower side for April due to flagging demand.
  • On the 1st of April, silver was trading at Rs.42,570 per kg and as days progressed, prices seemed to fluctuate considerably
  • However, silver prices went down to Rs.42,435 per kg as demand from local coin makers and industrialists went down.
  • Rates went up just as they went down on 4th as silver trading rocketed to Rs.42,925 per kg - a Rs.490 increase in just a day’s time.
  • After that sudden increase in demand, prices corrected themselves slightly to reach Rs.42,730 per kg on 5th.
  • As demand fell on the 6th, silver rates went down again to reach Rs.42,570 per kg but went back up marginally to Rs.42,640 per kg as demand went up.
  • Silver prices remained largely the same over the next two days - till the 9th - as demand sustained for most of this period.

April 2017 - Week 2 (10th - 16th):

  • When the second week of April began, there was a slump in silver prices.
  • Rates had gone from Rs.42,640 per kg to Rs.41,625 per kg on 10th and fluctuated over the next few days.
  • On 11th, prices increased marginally to hit Rs.41,675 per kg as demand also went up from various quarters of the industry as well as coin makers.
  • The 12th saw prices increase again as silver trading reached Rs.42,570 per kg.
  • When trading began on 13th, silver prices had seen one of its biggest inclines as rates went up to Rs.43,030 per kg - a Rs.460 increase from the previous day - as demand went up.
  • Rates remained at Rs.43,030 per kg on 14th but increased to Rs.43,055 per kg on the 15th before continuing at the same rate till the end of the week.
  • Rates seen on the 15th and the 16th were the highest silver prices for the month of May.

April 2017 - Week 3 (17th - 23rd):

  • The third week of May saw silver prices fluctuate as demand seemed to rattle after hitting a new high for the first time in a few months.
  • When the third week began on 17th, silver was trading at Rs.43,055 per kg but went down to Rs.42,775 per gram on 18th as demand went down.
  • On the 19th, silver rates went down again - for the third consecutive day - as demand showed no sign of picking up.
  • However, there were sustained demand on the 19th and the 20th, which lead to rates remaining at Rs.42,365 per kg on both the days.
  • The 21st again saw silver price tumble - this time by Rs.365 - to reach Rs.41,980 per gram and remained the same till the end of the week on the 23rd.

April 2017 - Week 4 (24th - 30th):

  • Silver rates in Hyderabad were at their worst during the last week of April.
  • When the week began, silver was trading at Rs.41,435 per gram, which then went down to Rs.40, 340 per gram.
  • Rates went up briefly on the 26th to reach Rs.40,520 per gram but decreased again to Rs.40,285 per kg.
  • There were plenty of fluctuations in demand which brought silver rates to Rs.40,390 per gram and then to Rs.40,040 per gram.
  • On the last day of April, silver was trading at Rs.40,040 - which happened to be the lowest silver rate for the entire month.
March 1st Rate Rs. 43,970 per kg
March 31st Rate Rs. 42,115 per kg
Highest Rate in March Rs. 44,100 per kg on 2nd March
Lowest Rate in March Rs. 40,040 per kg on 15th March
Overall Performance Decline
Percentage Change -4.21%

March ‘17 - Week 1 (1st to 5th)

  • Silver prices in Hyderabad were recorded at Rs.43,970 per kg on the 1st of March.
  • Prices increased by Rs.130 on the second to jump to Rs.44,100 per kg, making it the highest rate of the metal over the course of the month.
  • Decline in demand from industrialists and coin makers saw prices plunge significantly on the 3rd of March, and the metal traded at Rs.42,730 per kg.
  • Prices rose on the 4th of March to Rs.43,295, and they remained at the same level until the close of the week thanks to increase in demand followed by stability.

March ‘17 - Week 2 (6th to 12th)

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

March ’17- Week 3 (13th to 19th)

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

March ’17- Week 4 (20th to 26th)

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

March ’17 – Week 5 (27th to 31st)

  • The price of silver on the first day of the last week of March was recorded at Rs.41,900 per kg.
  • An increase by Rs.215 on the 28th of the month saw prices rise to Rs.42,115 per kg, and stable demand ensured that prices remained the same on the 29th of the month as well.
  • On the 30th of March, prices increased by Rs.320 to settle at Rs.42,435 per kg, and a decline by the same amount on the last day of the month saw the metal close March at Rs.42,115 per kg.
February 1st Rate Rs. 42,520 per kg
February 28th Rate Rs. 44,165 per kg
Highest Rate in February Rs. 44,165 per kg on 28th February
Lowest Rate in February Rs. 42,115 per kg on 3rd February
Overall Performance Rise
Percentage Change +3.68%

February ‘17 - Week 1 (1st to 5th)

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

February ‘17 - Week 2 (6th to 12th)

  • On the second week of February, the rate of silver opened at Rs.42,520 per kg which was a little higher than the rate seen during the previous week.
  • Right after this, due to increased demand from jewellers and industrialists, the price of silver jumped to trade at Rs.42,930 per kg.
  • Rate of silver was at Rs.42,920 per kg which was lesser by Rs.10 as compared to the price of the previous day.
  • However, a slight recovery was noted in the price of silver on the 9th with this precious metal trading at Rs.42,950 per kg.
  • Prices fluctuated during the week, with silver trading at Rs.42,570 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.43,280 per kg on the first day of the third week of February.
  • However, demand could not be sustained and the price of silver fell to Rs.43,030 again on the 14th. There was a marginal recovery noted in the price of silver on the 15th with the price being Rs.43,115 per kg.
  • Prices rose to Rs.43,385 per kg on 16th February and later rose to Rs.43,520 per kg on 17th February due to a sudden drop in the value of the U.S. Dollar as a result of a projected drop in growth rates for the month.
  • Local demand kept prices stable as demand fluctuated, trading at Rs.43,400 per kg on 18th February.
  • The week ended with silver trading at Rs.43,400 per kg on 19th February, due to sustained demand, recording a rise of Rs.120 in the price of silver during the third week of February.

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

  • The price of silver in the last two weeks of February fluctuated slightly due to U.S. Dollar rates and an unstable demand for this metal.
  • Silver was priced at Rs.43,270 per kg on 20th February, with the price falling further to trade at Rs.43,240 per kg on 22nd February. Demand was slightly higher the next day as with silver trading at Rs.43,295 per kg.
  • A slight increase in demand from coin makers led to silver trading at Rs.43,680 per kg on 24th February.
  • Silver prices rose to Rs.43,910 per kg on 25th February, with the price increasing to Rs.44,110 per kg on 27th February.
  • Silver prices continued to rise as the month ended, trading at Rs.44,165 per kg on 28th February to record an overall increase of 3.68%. This was also the highest at which silver traded for the month of February.
January 1st Rate Rs.39,035 per kg
January 31st Rate Rs.41,900 per kg
Highest Rate in January Rs.42,010 per kg on 30th January
Lowest Rate in January Rs.39,035 per kg on 1st January
Overall Performance Rise
Percentage Change +7.33%

January ‘17 - Week 1 (1st to 7th)

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

January ‘17 - Week 2 (8th to 14th)

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

January ’17- Week 3 (15th to 21st)

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

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

  • Silver prices in the last two weeks of January were quite stable due to consistent demand.
  • Silver traded at Rs.41,930 per kg on 22nd January but reduced the next day to trade at Rs.41,860 per kg.
  • Prices dipped marginally following the Lunar New Year, as silver was priced at Rs.41,955 per kg on 24th January.
  • Silver prices fluctuated as the month ended, closing at Rs.41,900 per kg on 31st January to register a rise of 7.33%.
December 1st Rate Rs.40,450 per kg
December 31st Rate Rs.39,035 per kg
Highest Rate in December Rs.41,630 per kg on 8th December
Lowest Rate in December Rs.38,700 per kg on 23rd December
Overall Performance Decline
Percentage Change -3.49%

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

  • The price of silver in December was high as demand from the industrial sector rose.
  • Silver traded at Rs.40,450 per kg on 1st December, with the price rising to Rs.40,795 per kg on 2nd December.
  • Increased demand overseas led to prices rising to Rs.41,070 per kg on 3rd December, with the price staying constant as the week ended.
  • Higher industrial demand and strong overseas demand were factors that led to a rise in price.

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

  • The second week saw silver prices fluctuate due to demand.
  • Silver was priced at Rs.41,055 per kg on 5th December but the price fell to Rs.40,820 per kg the following day due to fluctuations in demand.
  • A drop in the U.S. Dollar rate led to demand rising marginally, resulting in silver reaching Rs.41,630 per kg on 8th December.
  • Due to low retail demand, prices fell as the week ended, with silver trading at Rs.41,345 per kg on 11th December.

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

  • Price fell in the third week due to decreasing demand from industry as well as low overseas demand.
  • Silver traded at Rs.40,880 per kg on 12th December, with prices falling due to the U.S. Dollar strengthening.
  • Domestic demand continued to be low due to scrutiny of bullion purchases, which dissuaded many consumers from purchasing silver in spite of it being the festive season.
  • Silver ended the week trading at Rs.39,305 per kg on 18th December due to declining demand.

December '16 – Week 4 (19th to 25th)

  • Demand from Asian markets reduced, which led to an overall decline in silver bookings, pushing prices down.
  • Silver was priced at Rs.39,435 per kg, a marginal increase from the previous week, though prices fell for the rest of the week on poor demand.
  • Currency markets were strong as investor sentiment was high, which led to lowered demand for safe haven assets like gold and silver.
  • Silver traded at a monthly low of Rs.38,700 per kg on 23rd December before stabilising and ending the week at Rs.38.725 per kg on 25th December.

December '16 – Week 5 (26th to 31st)

  • Prices failed to improve in the last week of December, though there was a marginal increase.
  • Silver traded at Rs.38,460 per kg on 26th December as domestic retail demand showed signs of improving.
  • The currency shortage began to improve, which led to an increase in purchases.
  • Though international demand was muted, silver prices rose marginally, trading at Rs.39,630 per kg on 30th December.
  • Prices fell as the month ended, resulting in silver being priced at Rs.39,035 per kg on 31st December, registering an overall decline in price.
November 1st Rate Rs.42,910 per kilogram
November 30th Rate Rs.41,055 per kilogram
Highest Rate in November Rs.44,960 per kilogram on 9th of November
Lowest Rate in November Rs.40,190 per kilogram on the 25th of November
Overall Performance Decline
Percentage Change -4.32%

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

  • At the beginning of the month on the 1st, silver traded at Rs.42,910 per kilogram.
  • The next day on the 2nd, prices saw a significant increase as silver traded at Rs.44,385 per kilogram.
  • The next two days on the 3rd and 4th too saw some fluctuations as silver traded at Rs.44,645 and 43,855 per kilogram respectively.
  • Prices,however, stabilised during the last two days of the week as silver began to trade at Rs.44,180 per kilogram.

November '16 - Week 1 (7th to 13th):

  • When the second week started on the 7th, silver prices fell slightly as the metal traded at Rs.43,685 per kilogram.
  • On the 8th, prices increased slightly to hit Rs.43,855 per kilogram, a Rs.170 increase from the previous day.
  • On the 9th prices hit Rs.44,960, the highest silver trading rate for the month and fell significantly at the end of the week to close at Rs.42,005 per kilogram.

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

  • The third week beginning on the 14th saw silver trade at Rs.41,760.
  • However, as demonetization of Rs.500 and Rs.1,000 intensified, prices began to fall for the rest of the week.
  • Courtesy of PM Modi’s assault on black money, silver prices ended at just Rs.40,735 per kilogram.

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

  • Silver traded at Rs.40,890 per kilogram on 21st November.
  • Prices seemed to fluctuate this week as the nation faced a massive cash crunch.
  • The lowest trading price of Rs.40,190 per kilogram was witnessed during the 25th of the month.
  • Rates of silver increased towards the end of the week as demand picked up.
  • Silver traded at Rs.41,055 per kilogram at the time of closing on 30th November.
  • Overall, Hyderabad saw silver prices decline by about -4.32% for the month of November.
October 1st Rate Rs.45,900 per kg
October 31st Rate Rs.43,035 per kg
Highest Rate in October Rs.45,900 per kg on 1st and 2nd October
Lowest Rate in October Rs.41,780 per kg on 15th and 16th October
Overall Performance Decline/Negative
Percentage Change -6.24%

October ’16- Weeks 1 & 2 (1st-9th)

  • Silver was priced at Rs.45,900 per kg on 1st October as demand was steady and markets were weak, prompting interest in silver.
  • The price began to drop as demand reduced in the international market, with the domestic market seeing a drop in industrial demand.
  • Prices fell sharply towards the end of the week as the markets stabilised, resulting in demand for silver dropping.
  • Silver traded at Rs.41,800 per kg on 9th October to record a fall in price of Rs.4,100 per kg from the start of the week.

October ’16- Week 3 (10th- 16th)

  • Prices recovered marginally due to an increase in demand from jewellers due to the ongoing festive season.
  • Silver traded at Rs.42,600 per kg on 10th October and stayed steady in spite of markets stabilising and overall low demand internationally.
  • The price fell as the week progressed as domestic markets also rose due to strong industrial data.
  • Silver traded at Rs.41,780 per kg on 16th October, marking a decline in price of Rs.820 per kg from the beginning of the week.

October ’16- Week 4 (17th-23rd)

  • Prices fluctuated due to markets being unstable, with silver trading at Rs.41,970 per kg on 17th October.
  • Prices rose in the next few days before stabilising as demand stagnated.
  • International demand was on par with domestic demand as the U.S. Dollar fell against other global currencies.
  • Silver traded at Rs.42,130 per kg on 23rd October, with the price reflecting an increase of Rs.160 per kg from the start of the week.

October ’16- Week 5 (24th-31st)

  • Silver prices made some gains during the week as a result of higher demand.
  • Silver was priced at Rs.42,330 per kg on 24th October as demand from domestic and overseas markets saw an increase.
  • The U.S. economic data revealed poorer than expected results, leading to markets falling and silver demand rising.
  • Silver traded at Rs.43,035 per kg on 31st October after a late rally, an increase of Rs.705 per kg from the price at the start of the week.
1st Day Rs.45,225 per kilogram
Last Day Rs.45,750 per kilogram
Highest Price Rs.47,820 per kilogram on 7th September
Lowest Price Rs.45,225 per kilogram on 1st September
Trend Increase
Change +1.16%

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

  • Silver rates picked up in the month of September.
  • Silver traded Rs.45,225 per kilogram on 1st September, the lowest price for the entire month.
  • As the expectations of an interest rate hike by the U.S. Federal Reserve settled down, demand for silver rose.
  • By the end of the week, silver had risen by 3.39%, trading at Rs.46,760 per kilogram.

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

  • The second week of September started out strong but there were fluctuations through the week.
  • On 5th September, silver traded at Rs.46,760 per kilogram.
  • With high demand, prices rose to Rs.47,820 per kilogram on 7th September, the highest recorded price for the month.
  • The market played off on hawkish comments by the U.S. Federal Reserve stating that an interest rate hike is possible.
  • Silver rates dropped to Rs.46,835 per kilogram by the end of the week.

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

  • Market trends turned bearish this week as anticipation of a Fed rate hike grew strong.
  • Silver traded at Rs.45,715 per kilogram on 12th September.
  • Demand took a hit in the global and domestic market.
  • At the end of the week, silver prices fell to Rs.45,370 per kilogram, a marginal decrease in prices.

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

  • Taking into account the upcoming U.S. presidential elections, the Federal Reserve took a decision to put the rate hike on hold for now.
  • Investors, industrialists and coin makers increased their appetite.
  • At the start of the week, silver traded at Rs.46,110 per kilogram.
  • The highest price for this week was recorded on 22nd September at Rs.47,590 per kilogram.
  • There was a slight drop in prices on 23rd September to Rs.47,535 per kilogram. Prices were constant for the rest of the week.

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

  • Domestic demand dropped on account of global bearish tendencies.
  • On 26th September, silver traded at Rs.46,950 per kilogram.
  • By the end of the month, silver traded low at Rs.45,750 per kilogram.
  • The trend for this month was a 1.16% increase.
Factor August
1st August Rs.49, 430 per kg
31st August Rs.45, 460 per kg
Highest Price Rs.49, 670 per kg on 03rd August
Lowest Price Rs.44, 805 per kg on 29th August
Trend Decline in silver prices
Change -8.03%

August '16 – Weeks 1 (1st to 7th)

  • The month started with silver prices at Rs.49, 430 per kg.
  • Silver traded at Rs.49,670 per kg on the third day of the week which was also the highest silver rate recorded in the month of August. There was a moderate increase in silver price on day 5 of the week however it declined thereafter.
  • Silver closed at Rs.47, 255 per kg on the last day of first week.

August '16 – Week 2 (8th to 14th)

  • Silver opened at Rs.47, 460 per kg and remained steady for one day before silver prices increased.
  • There was an increase in silver prices on the third day of the week. Silver prices increased from Rs.47, 460 to Rs.48, 595 per kg.
  • Silver prices decreased during the last three days of the week and closed at Rs.47, 750 per kg.

August '16 – Week 3 (15th to 21st)

  • Silver opened at Rs.47, 750 per kg which was the highest silver rate marked in the 3rd week of August.
  • Silver prices continued to dip with minor fluctuations throughout the week.
  • Silver closed at Rs.46, 690 per kg which was the lowest silver rate noted in the third week of the month.

August '16 – Week 4 (22nd to 28th)

  • Following the weak trend overseas, silver prices declined slightly throughout the fourth week of the month.
  • No significant increase or decrease in silver prices notes throughout the week. Silver prices remained almost steady.
  • Silver closed at Rs.45, 040 per kg on the last day of fourth week of the month.

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

  • On the first day of the week, silver traded at Rs.44, 805 per kg which is the lowest silver rate reported in the month of August.
  • The decline in silver price throughout the week can be due to expected U.S rate hike, lack of demand from jewellers and positive U.S employment data.
  • Silver prices increased in the last two days of the week and closed at Rs.45, 460 per kg.
1st Day Rs.46,490 per kg
Last Day Rs.48,970 per kg
Highest Price Rs.49,745 per kg on 11th July
Lowest Price Rs.46,490 per kg on 1st July
Trend Rise
Change +4.93%

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

  • At Rs.46,490 per kg, silver was at its lowest price at the beginning of the month.
  • Price of silver increased slightly to Rs.47,920 per kg the next day and stayed steady until the 3rd.
  • Price of silver increased steadily after that to cost Rs.49,265 per kg on the 7th which was the highest for the week.
  • Price of silver declined marginally after that to close at Rs.47,720 per kg on the last day of the second week.

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

  • On the 11th which was the first day of week 3, silver was priced at Rs.49,745 per gram which the highest for the month and the next day rates fell marginally though it managed to stay above the Rs.49,000 mark.
  • Price of silver reduced even further as the week progressed with minor fluctuations.
  • On the final day of the week, silver was priced at Rs.48,840 per kg and continued decreasing post that.

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

  • As compared to week, 4, there was a marginal decline in the price of silver. This decline can be attributed to due a decrease in demand.
  • There were minor fluctuations noted in the price of silver as the week progressed.
  • On the final day of the week, the price of silver was Rs.47,420 per kg which was relatively quite high.

July‘16 - Week 5 (25th to 31st)

  • Price of silver declined again in the final week of the month although this decrease was minor and prices bounced back the next day.
  • The highest rate of silver seen during the week was on the last two days of the month wherein silver was priced at Rs.48,970 per kg.
June 1st Rate Rs.38,640 per kg
June 30th Rate Rs.44,635 per kg
Highest Rate in June Rs.44,635 per kg on the 30th of June
Lowest Rate in June Rs.38,640 per kg on the 1st of June
Overall Performance Rising
Percentage Change 15.51%

June 2016 – Week One(June 1st to June 4th)

  • Silver traded at Rs.38,640 per kg on the 1st of June.
  • The rate of silver increased to Rs.38.865 on the 3rd of June due to heavy demand.
  • Silver traded at Rs.39.755 per kg on the 4th of June.

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

  • Silver traded at Rs.39,755 per kg on the 5th of June.
  • Price dropped down to Rs.39,585 per kg on the 8th of June.
  • Silver traded at Rs.41,265 per kg on the 9th of June.
  • Silver traded at Rs,41,510 per kg on the 11th of June.

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

  • Silver remained unchanged at Rs.41,510 on the 12th of June.
  • Silver rose to Rs.41,935 per kg on the 13th of June.
  • Silver hit the highest for the week on the 16th of June at Rs,42,985 per kg.
  • Prices dropped down during the next two days as silver traded at Rs.42,235 per kg on the 18th of June.

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

  • Silver traded at Rs.42,235 per kg on the 18th of June.
  • As demand increased, the price of silver increased to Rs.42,405 on the 21st of June.
  • The price of silver further rose over the week and hit the highest for the week on the 24th of June at Rs.43,465 per kg.

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

  • Silver remained unchanged at Rs.43,465 per kg on the 25th and 26th of June.
  • The price of silver dropped down to Rs.43,245 on the 28th of June owing to low demand in the domestic and global market.
  • Silver closed the month at Rs.44,635 on the 30th of June.
1st May rate Rs. 42,590
31st May rate Rs. 39,065
Highest rate in May Rs. 42,675 on 2nd of May
Lowest rate in May Rs. 38,795 on 30th of May
Overall performance Loss/Negative
% Change -8.27%

May '16 - Weeks 1 and 2 (1st to 8th)

  • The price of silver traded at a high at the start of the week but fell slightly towards the end of the week.
  • Silver traded at Rs. 42,590 on the 1st of May and at Rs. 41,875 on the 8th of May.
  • The price dropped on the 3rd due to a fall in demand but rates evened out over the rest of the week.
  • The relatively weak Dollar and stock market led to a higher demand for silver.

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

  • Silver prices dipped at the start of the week but rallied and recouped some of their losses by the end of the week.
  • Silver prices were Rs. 41,725 on the 9th of May and Rs. 41,255 on the 15th of May.
  • Prices fell due to a slump in silver demand but the weak Dollar pushed prices up to maintain a stable rate.
  • Speculation of a Fed rate hike resulted in the Dollar gaining some ground towards the end of the week, which caused a slide in silver prices.

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

  • Silver prices continued to slide throughout the week on strong data from the stock markets.
  • Silver continued to trade at Rs. 41,255 on the 16th of May and fell by the end of the week, trading at Rs. 40,135 for a kg.
  • A US Federal Reserve rate hike and a stronger US Dollar contributed to the slide in silver prices.
  • The markets also began to stabilise as the Dollar gained ground against bullion, adding to pressure on silver, leading to it dropping.

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

  • Silver prices fell further, as the market was buoyed by a stronger Dollar and positive data from the manufacturing industry.
  • Silver traded at Rs. 40,060 on the 23rd of May and at Rs. 39,065 on the 31st of May.
  • Weaker demand in the light of the recovering Dollar also led to prices falling.
April 1st Rate Rs.37,015
April 30th Rate Rs.42,590
Highest Rate in April Rs.42,590 on the 30th of April
Lowest Rate in April Rs.35,765 on the 4th of April
Overall Performance Gain / Positive
Percentage Change +15%

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

  • Silver rates fluctuated widely during the first ten days of trading after which they began picking up and maintaining consistency towards the end of the week.
  • Prices were recorded at Rs.36,780 on the 1st of the month and Rs.36,620 on the tenth day of the month.
  • Firming international and domestic cues in addition to increase in industrial demand and higher offtake ensured that there was no further decline in prices.

Apr ‘16 - Week 3 (11th to 17th)

  • Silver prices fluctuated during the third week of trading as rates first increased and then decreased before rising again at the end of the week.
  • Prices were recorded at Rs.37,115 on the 11th of April and Rs.39,110 by the end of the seven-day period.
  • Prices were on the up by almost Rs.2000 over the third week of trading, marking a significant increase owing to increase in demand and strong global cues.

Apr ‘16 - Week 4 (18th to 24th)

  • The fourth week of April also witnessed fluctuations in silver rates as prices remained unchanged for the first two days before increasing on the following two days and then dipping marginally and remaining constant until the end of the week.
  • Prices were recorded at Rs.38,920 on the first day of the week and Rs.41,155 on the last.
  • Over the course of the week, prices jumped by more than Rs.2200, making the penultimate week of trading record the highest gains in the month of April.

Apr ‘16 - Week 5 (25th to 30th)

  • Silver rates were mostly on the rise during the final week of trading.
  • Prices were recorded at Rs.40,520 on the first day of the week and Rs.42,590 on the last day of the month.
  • The month ended on a good note for jewellers and traders as prices during the final week were the highest in the month.
1st March rate Rs.37,005
31st March rate Rs.36,495
Highest rate in March Rs.38,640 on 18th
Lowest rate in March Rs.36,455 on 29th
Overall performance Loss/Negative
% Change -1.38%

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

  • Silver prices declined in the first week of March.
  • Prices were Rs.37,005 on 1st and Rs.36,640 on 6th.
  • Prices were mostly stable over the week except for 2nd and third when they fluctuated between Rs.37,710 and Rs.36,640.

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

  • Silver appreciated in the 2nd week.
  • Prices were Rs.37,695 on 7th and Rs.37,710 on 13th.
  • There was no major fluctuation as prices touched Rs.37,710 on 8th and remained there for the rest of the days.

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

  • Silver had some more gains in the 3rd week.
  • Prices were Rs.37,650 on 14th and Rs.37,865 on 20th.
  • Prices appreciated to Rs.38,640, the highest rate in March on 18th before falling back to Rs.37,865 by 20th.

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

  • Silver declined in the 4th week.
  • Rates were Rs.37,930 on 21st and Rs.36,685 on 27th.
  • Prices appreciated at the start of the week before declining towards the end.

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

  • Silver lost some more value in the last days of the month.
  • Prices were Rs.36,570 on 28th and Rs.36,495 on 31st.
1st February rateRs.34,970
29th February rateRs.36,295
Highest rate in FebruaryRs.38,640 on 12th
Lowest rate in FebruaryRs.34,970 on 1st
Overall performanceGain/Positive
% Change+3.79%

Week 1 (1st to 7th)

  • Silver gained value coming into February.
  • Rates were Rs.34,970 on 1st and Rs.36,925 on 7th.
  • Silver was up on consecutive days in the week to rise by a margin of Rs.1,955 overall.

Week 2 (8th to 14th)

  • Silver was up once more in February.
  • Rates were Rs.36,950 on 8th and Rs.38,525 on 14th.
  • Silver traded in negative on 10th and 11th before rallying to Rs.38,640 on 12th and ending the week at a slightly lower Rs.38,525.

Week 3 (15th to 21th)

  • Silver rates were marginally up during third week’s trading.
  • Prices were Rs.37,220 on 15th and Rs.37,930 on 21st.
  • Silver rose by Rs.710 in a week that saw very less fluctuations.

Week 4 (22nd to 29th)

  • Silver shed some of the gains in the last days of the month.
  • Rates were Rs.37,615 on 22nd and Rs.36,295 on 29th.
  • Silver rose to Rs.37,815 by 24th before sliding gradually to Rs.36,295 to end the month on an overall positive note.

4 th January rate

Rs.33,320

31 st January rate

Rs.34,930

Highest rate in January

Rs.35,565 on 28th

Lowest rate in January

Rs.33,295 on 13th

Overall performance

Gain/Positive

% Change

+4.83%

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

  • Silver gained value in the 1st week of trading in 2016.

  • Prices were Rs.33,230 on 4th and Rs.33,865 on 10th.

  • Silver breached the 34,000-mark and rose to Rs.34,220 on 8th.

  • Prices slid to Rs.33,865 on 9th and were stable on 10th.

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

  • Silver gained more value in the 2nd week.

  • Rates were Rs.33,750 on 11th and Rs.34,335 on 17th.

  • Silver rose continuously over the week except on 11th when it dropped to Rs.33,750 from Rs.33,865.

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

  • Silver continued the positive run through the 3rd week also.

  • Rates were Rs.34,115 on 18th and Rs.34,425 on 24th.

  • Silver dropped marginally to Rs.34,070 on 19th before rising to Rs.34,800 by 21st.

  • Prices slid to Rs.34,480 on 22nd and again to Rs.34,425 on 23rd.

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

  • Silver appreciated in the final week of the month.

  • It was priced at Rs.34,435 on 25th and Rs.34,930 on 31st.

  • Prices were mostly on the upward trend, touching a high of Rs.35,565 on 28th before losing some value over the next 3 days to end the month at Rs.34,930.

1stDecember rate Rs.34,040
31stDecember rate Rs.33,405
Highest rate in December Rs.35,050 on 5th and 6th
Lowest rate in December Rs.33,050 on 18th
Overall performance Loss/Negative
% Change -1.86%
Dec'15 - Week 1 (1stto 7th)
  • Silver Rates appreciated in the 1st week of the month.
  • Rates were Rs.34,040 on 1st and Rs.35,015 on 7th.
  • Silver fell on 3rd to sub-34,000 level before rallying on 5th to touch Rs.35,050.
Dec'15 - Week 2 (8thto 14th)
  • Silver prices declined in the 2nd week.
  • Rates were Rs.34,415 on 8th and Rs.33,670 on 14th.
  • Silver fell below 34,000 for the first time in the week on 11th and again on 14th to end lower at Rs.33,670.
Dec'15 - Week 3 (15thto 21st)
  • Silver Rates were up in the 3rd week.
  • Prices were Rs.33,230 on 15th and Rs.33,900 on 21st.
  • Silver was stable within the week-start and week-end rates all through the week.
Dec'15 - Week 4 and Week 5 (22ndto 28th, 29thto 31st)
  • Silver Rates were once again mostly stable in the final weeks of December.
  • Prices were Rs.34,020 on 22nd and Rs.33,405 on 31st.
  • Silver was stable at a little over 34,000 all through 4th week but fell below this mark in the 5th week when it traded in Rs.33,490, Rs.33,545 and Rs.33,405.
1st November rate Rs.36,665
30thNovember rate Rs.33,940
Highest rate in November Rs.36,850 on 2nd
Lowest rate in November Rs.33,725 on 23rd
Overall performance Loss/Negative
% Change -7.43%
Nov '15 - Week 1 (1st to 7th)
  • Silver Rates depreciated in the 1st week of the month.
  • Rates were Rs.36,665 on 1st and Rs.35,220 on 7th.
  • Silver rose marginally to Rs.36,850 on 2nd before falling over the next 2 days to rest at Rs.35,820 on 5th.
  • Silver dropped to Rs.35,220 on 7th from Rs.35,825 on 6th.
Nov '15 - Week 2 (8th to 14th)
  • Silver prices declined again in the 2nd week.
  • Rates were Rs.35,220 on 8th and Rs.34,090 on 14th.
  • Silver rose by Rs.1,045 on 9th to Rs.36,265 before depreciating consecutively till 13th to Rs.34,050.
  • There was a marginal gain of Rs.40 on 14th when silver was selling at Rs.34,090.
Nov '15 - Week 3 (15th to 21st)
  • Silver Rates were stable overall in the 3rd week.
  • Prices were Rs.34,090 on 15th and Rs.34,005 on 21st.
  • Silver appreciated to Rs.34,485 on 16th before settling at Rs.34,090 again by 20th.
  • Prices dropped to Rs.34,005 on 21st.
Nov '15 - Week 4 and Week 5 (22nd to 28th, 29th to 30th)
  • Silver Rates were once again mostly stable in the final weeks of November.
  • Prices were Rs.34,005 on 22nd and Rs.33,940 on 30th.
  • Silver dropped to a low of Rs.33,725 on 23rd but otherwise stayed between Rs.34,090 and Rs.34,290 till 29th.
  • Prices dropped to Rs.33,940 on 30th from Rs.34,090.
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