Silver Price Trend In India

Trend of Silver Rate in India for December 2018 (rates per kg)

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 India December'18

December 2018 - Week 1 (1 - 9):

Parameters Silver price (per kg)
December 1 Rate Rs.38,500 per kg
December 9 Rate Rs.40,300 per kg
Overall Weekly Performance Incline
  • Silver price in India rose on steady industrial demand, as volatile markets and a falling dollar made silver more attractive to investors.
  • The metal opened the month trading at Rs.38,500 per kg but rose on higher offtake by local coin makers, trading at Rs.39,600 per kg on 4 December.
  • As investors faced a bleak economic outlook due to falling stock revenues, bullion orders increased and silver rate rose to Rs.40,300 per kg on 9 December to record a Rs.1,800 increase in price.

December 2018 - Week 2 (10 - 16):

Parameters Silver price (per kg)
December 10 Rate Rs.40,300 per kg
December 16 Rate Rs.40,500 per kg
Overall Weekly Performance Incline
  • There was a marginal rise in silver rates in India during the week, though fluctuating overseas demand capped possible gains.
  • Silver opened the week at Rs.40,300 per kg before surging to Rs.40,700 per kg on 11 December as weak equity markets resulted in increased investor interest in bullion.
  • Prices remained constant for a few days as demand was strong but a dip in overseas orders saw prices drop to Rs.40,500 per kg when the week ended on 16 December.

December 2018 - Week 3 (17 - 23):

Parameters Silver price (per kg)
December 17 Rate Rs.40,400 per kg
December 23 Rate Rs.39,800 per kg
Overall Weekly Performance Decline
  • Silver was priced at Rs.40,400 per kg in India when the week began on the 17th of December.
  • Demand for the metal was weak as industrial offtake was weak and prices dropped as a result.On the 18th, silver was trading at Rs.40,500 per kg before dropping to Rs.39,800 per kg on the 19th.
  • When the week ended, silver was priced at Rs.39,800 per kg - as demand was low but stable.

December 2018 - Week 4 (24 - 31):

Parameters Silver price (per kg)
December 24 Rate Rs.40,000 per kg
December 31 Rate Rs.41,500 per kg
Overall Weekly Performance Incline
  • The week began with silver rate in India holding at Rs.40,000 per kg on the 24th with strong demand from industrial units and coin makers amid positive global trends.
  • With investors banking on the bullion amid the faltering US economy, demand for the metal surged and silver was recorded trading at Rs.41,400 per kg on the 28th amid the firm trends overseas.
  • The month came to an end with silver priced at Rs.41,500 per kg on the 31st, registering a 7.79% increase in silver trade during the course of the month.

Trend of Silver Rate in India 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 gram on 4 November
Lowest Rate in November Rs.38,800 per gram on 30 November
Overall Monthly Performance Decline
Percentage Change -5.13%

November 2018 - Week 1 (1 - 4):

Parameters Silver price (per kg)
November 1 Rate Rs.40,900 per kg
November 4 Rate Rs.41,500 per kg
Overall Weekly Performance Incline
  • The month began with silver rate in India recorded at Rs.40,900 per kg on the 1st with subdued industrial demand amid the weak trend overseas.
  • However, with the dollar losing considerably ahead of the US payrolls data, demand for the metal surged. This led to silver being priced at Rs.41,500 per kg over the next couple of days.
  • The week concluded with silver trading firm at Rs.41,500 per kg on the 4th owing to steady domestic demand from industrial units and coin makers amid strong global cues.

November 2018 - Week 2 (5 - 11):

Parameters Silver price (per kg)
November 5 Rate Rs.41,400 per kg
November 11 Rate Rs.40,500 per kg
Overall Weekly Performance Decline
  • The second week of trading commenced with silver rate in India holding at Rs.41,400 per kg on the 5th with subdued but steady demand from industrial units and coin manufacturers amid firm overseas trends.
  • Prices dropped to Rs.41,100 per kg on the 8th before plunging further to Rs.40,500 per kg the next day ahead of the US Federal Reserve’s monetary policy review later during the day.
  • Trading concluded for the week with the metal priced at Rs.40,500 per kg on the 11th amid the strong dollar and well-performing stock markets overseas.

November 2018 - Week 3 (12 - 18):

Parameters Silver price (per kg)
November 12 Rate Rs.40,000 per kg
November 18 Rate Rs.40,100 per kg
Overall Weekly Performance Incline
  • Trading in the third week saw silver rate in India open at Rs.40,000 per kg on 12 November on sluggish industrial offtake.
  • A rise in the U.S. dollar rate capped silver gains, as the metal traded at Rs.39,400 per kg on 14 November.
  • Following the Fed’s reiteration of its monetary tightening policy, the U.S. dollar fell and investors looked to bullion to shore up profits, driving silver prices up to Rs.40,000 per kg on 16 November.
  • The end of the week saw silver trade at Rs.40,100 per kg on 18 November as markets fell fearing adverse effects after the release of the Brexit final deal.

November 2018 - Week 4 (19 - 25)

Parameters Silver price (per kg)
November 19 Rate Rs.40,100 per kg
November 25 Rate Rs.39,400 per kg
Overall Weekly Performance Decline
  • Demand for silver in the fourth week was on the decline, as investors turned to high-performing equities and currencies instead of bullion.
  • Silver opened the week at Rs.40,100 per kg on 19 November but prices dropped to Rs.39,800 per kg on 20 November on sluggish demand.
  • Coin makers reduced imports of the metal as the rupee continued to fall against the dollar, making it more expensive for local markets.
  • Silver prices in India briefly rose to Rs.40,000 per kg on 22 November on growing retail demand but prices soon dropped due to weak overseas cues.
  • When the week ended on 25 November, silver was priced at Rs.39,400 per kg to record a loss in value of Rs.700 during the week.

November 2018 - Week 5 (26 - 30):

Parameters Silver price (per kg)
November 26 Rate Rs.39,300 per kg
November 30 Rate Rs.38,800 per kg
Overall Weekly Performance Decline
  • Poor industrial offtake and fluctuating dollar fortunes affected silver prices in India during the last week.
  • The metal traded at Rs.39,300 per kg on 26 November but prices began to decline as local coin makers reduced demand due to the high import cost.
  • A falling rupee and rising crude costs also limited industrial orders, as the metal fell to Rs.39,000 per kg on 28 November.
  • As the dollar recovered, demand for silver dropped further and the metal closed the month at Rs.38,800 per kg.

Trend of Silver Rate in India for October 2018 (rates per kg)

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.42,200 per gram on 15 October
Lowest Rate in October Rs.39,500 per gram on 5 October
Overall Monthly Performance Incline
Percentage Change 0.24%
Graph for Silver Rate (1 gram) in India oct-1 2018
Graph for Silver Rate (1 gram) in India oct-1 2018

October 2018 - Week 1 (1 - 7):

Parameters Silver price (per kg)
October 1 Rate Rs.41,100 per kg
October 7 Rate Rs.41,900 per kg
Overall Weekly Performance Incline
  • After a prolonged period of losses, silver prices rose in the first week of October thanks to a growing demand from local industrial units.
  • Silver opened the week at Rs.41,100 per kg on steady demand from local coin makers in spite of the falling rupee value.
  • Prices rose to Rs.42,000 per kg on 3 October as investors increased bullion offtake ahead of the Federal Reserve meeting and imminent interest rate hikes.
  • Silver prices plunged to Rs.41,500 per kg on 5 October due to a resurgence in the dollar rate after the Federal Reserve raised key interest rates.
  • Fluctuating stock markets led to a greater reliance on safe-haven assets like bullion, which propelled silver rates to Rs.41,900 per kg at the end of the week.

October 2018 - Week 2 (8 - 14):

Parameters Silver price (per kg)
October 8 Rate Rs.41,500 per kg
October 14 Rate Rs.41,500 per kg
Overall Weekly Performance Constant
  • A drop in domestic demand from jewellers and industries caused the silver price in India to dip to Rs.41,500 per kg.
  • The price of the metal plummeted further on 11 October after the dollar rose in value and positive economic trends for the metal was recorded.
  • Week 2 ended with the metal remaining at Rs.41,500 per kg, staying constant in comparison to the price of silver at the start of week 2.

October 2018 - Week 3 (15 - 21):

Parameters Silver price (per kg)
October 15 Rate Rs.41,900 per kg
October 21 Rate Rs.41,500 per kg
Overall Weekly Performance Decline
  • In contrast to prevalent trends, there was a decline in silver prices in India due to poor industrial demand.
  • The week began with silver priced at Rs.41,900 per kg on 15 October but prices declined steadily.
  • The fluctuating rupee and rising demand for ornamental bullion reduced retail silver purchases, as the metal’s value fell to Rs.41,400 per kg on 17 October.
  • Prices rose to Rs.41,700 per kg on 19 October as volatile stock markets and a falling dollar led to a momentary rise in industrial demand.
  • The possibility of an interest rate hike by the Federal Reserve led to a sharp decline in bullion sales as silver prices dropped to Rs.41,500 per kg on 20 October.
  • There was no change in price as the week ended on 21 October, resulting in silver prices falling by Rs.400 per kg during the week.

October 2018 - Week 4 (22 - 28):

Parameters Silver price (per kg)
October 22 Rate Rs.41,500 per kg
October 28 Rate Rs.41,700 per kg
Overall Weekly Performance Incline
  • Silver performed better in trading this week, bolstered by increased industrial offtake from domestic and overseas buyers.
  • The industrial metal opened trading at Rs.41,500 per kg on 22 October and remained unchanged for a few days on static demand.
  • The fluctuating fortunes of the rupee affected silver orders, as coin makers reduced offtake due to rising import costs in spite of the festive season.
  • Prices rose to Rs.41,800 per kg on 25 October as investors looked to bullion as markets were volatile due to geopolitical tensions in the United States.
  • As markets across the world crashed on plummeting technology stocks, silver price also fell to Rs.41,500 per kg on 26 October.
  • There was a marginal rise in price as the week progressed, with silver trading at Rs.41,700 per kg on 28 October.

October 2018 - Week 5 (29-31):

Parameters Silver price (per kg)
October 29 Rate Rs.41,600 per kg
October 31 Rate Rs.41,200 per kg
Overall Weekly Performance Decline
  • Demand for silver was on the decline in the last week of October as local industrial units reduced offtake due to the rising cost of imports and weak overseas trends.
  • The industrial metal opened trading at Rs.41,600 per kg on 29 October, spurred on by string local demand ahead of the festive season.
  • Demand from coin makers kept prices steady before a rally by the dollar resulted in prices dropping to Rs.41,200 per kg on 30 October.
  • Fluctuations across equity markets and the imposition of fresh sanctions on Iran bolstered confidence in the dollar, as silver prices in India remained stagnant at Rs.41,200 per kg on 31 October.

Trend of Silver Rate in India for September 2018 (rates per kg)

Parameters Silver price (per kg)
September 1 Rate Rs.41,400 per kg
September 30 Rate Rs.41,200 per kg
Highest Rate in September Rs.41,400 per gram on 1 September
Lowest Rate in September Rs.39,500 per gram on 5 September
Overall Monthly Performance Decline
Percentage Change -0.48%
Graph for Silver Rate (1 gram) in India August 2018
Graph for Silver Rate (1 gram) in India August 2018

September 2018 - Week 1 (1 - 8):

Parameters Silver price (per kg)
September 1 Rate Rs.40,000 per kg
September 8 Rate Rs.39,700 per kg
Overall Weekly Performance Decline
  • Contrary to trends seen among gold rates, there was a drop in silver prices during the first week of September.
  • Prices rose to Rs.40,100 per gram on 3 September, marking a marginal gain due to the fall in the dollar rate.
  • The strengthening dollar served to cap gains from silver orders, as the industrial metal’s prices continued to drop sharply.
  • Silver fell to Rs.39,500 per kg on 4 September as coin makers reduced demand due to the rising costs associated with import.
  • There was a brief rise in rates as the metal traded at Rs.39,800 per kg on 6 September but fluctuations in demand resulted in prices falling to Rs.39,500 per kg the next day.
  • Prices rose marginally as the week ended on 8 September with silver priced at Rs.39,700 per kg, with overall prices falling over the course of the week.

September 2018 - Week 2 (9 - 14):

Parameters Silver price (per kg)
September 9 Rate Rs.39,700 per kg
September 14 Rate Rs.39,800 per kg
Overall Weekly Performance Incline
  • Silver prices saw a rise in price over the course of the week in India as increased industrial offtake and unstable markets resulted in increased demand for the metal.
  • Silver was priced at Rs.39,700 per kg when trading opened on 9 September, with no change in price from the previous week.
  • The fluctuating dollar rate and fears of a trade war led to industrial units increasing orders due to lower import costs, as the metal traded at Rs.39,800 per kg on 10 September.
  • Silver prices rose to Rs.39,900 per kg on 11 September as U.S. markets reeled from disappointing economic data.
  • Prices fell marginally as the week ended, with silver priced at Rs.39,800 per kg on 14 September.

September 2018 - Week 4 (23 - 30):

Parameters Silver price (per kg)
September 23 Rate Rs.40,300 per kg
September 30 Rate Rs.41,200 per kg
Overall Weekly Performance Incline
  • Silver prices in India saw a positive price trend as favourable market conditions as well as a fluctuating dollar led to rising orders.
  • The week began with silver priced at Rs.40,300 per kg on 23 September after a poor performance in the previous week.
  • Industrial orders were on the increase as the dollar fell on poor investor confidence, as the metal traded at Rs.40,800 per kg on 26 September.
  • The raising of interest rates by the Federal Reserve coupled with better than expected economic data led to a drop in demand for bullion.
  • Silver fell to Rs.40,200 per kg on 28 September due to a sudden fall in industrial orders, but prices recovered as the month ended.
  • A fall in rupee prompted increased export demand for the metal as silver traded at Rs.41,200 per kg on 30 September.

Trend of Silver Rate in India for August 2018 (rates per kg)

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 August
Lowest Rate in August Rs.39,400 per kg on 16 August
Overall Monthly Performance Decline
Percentage Change -2.65%
Graph for Silver Rate (1 gram) in India July 2018
Graph for Silver Rate (1 gram) in India July 2018

August 2018 - Week 1 (1 - 5):

Parameters Silver price (per kg)
August 1 Rate Rs.41,400 per kg
August 5 Rate Rs.41,300 per kg
Overall Weekly Performance Decline
  • Silver prices were on the decline as industrial offtake was on the decline, with the industria metal opening trade at Rs.41,400 per kg as declining orders affected prices.
  • The positive report on the U.S. economy also bolstered the dollar, as local industrial orders fell sharply due to the increased cost associated with a plunging rupee.
  • There was minimal change in price over the course of the week as demand from coin makers fell as well.
  • The week ended with silver priced at Rs.41,300 per kg on 5 August, to record a Rs.100 loss in value during the week.

August 2018 - Week 2 (6 - 12):

Parameters Silver price (per kg)
August 6 Rate Rs.41,200 per kg
August 12 Rate Rs.41,200 per kg
Overall Weekly Performance Constant
  • Silver prices were on the decline as industrial offtake was on the decline, with the industria metal opening trade at Rs.41,200 per kg as declining orders affected prices.
  • The positive report on the U.S. economy also bolstered the dollar, as local industrial orders fell sharply due to the increased cost associated with a plunging rupee.
  • There was minimal change in price over the course of the week as demand from coin makers fell as well.
  • The week ended with silver priced at Rs.41,200 per kg on 12 August, which was recorded to be a constant trend for the week.

August 2018 - Week 3 (13 - 19):

Parameters Silver price (per kg)
August 13 Rate Rs.41,200 per kg
August 19 Rate Rs.40,000 per kg
Overall Weekly Performance Decline
  • Silver prices were on the decline as industrial offtake was on the decline, with the industria metal opening trade for Week 3 at Rs.41,200 per kg as declining orders affected prices.
  • The positive report on the U.S. economy also bolstered the dollar, as local industrial orders fell sharply due to the increased cost associated with a plunging rupee.
  • There was minimal change in price over the course of the week as demand from coin makers fell as well.
  • The week ended with silver priced at Rs.40,000 per kg on 19 August, which was recorded to be a declining trend for the week.

August 2018 - Week 4 (20 - 26):

Parameters Silver price (per kg)
August 20 Rate Rs.40,000 per kg
August 26 Rate Rs.40,200 per kg
Overall Weekly Performance Incline
  • The week began with silver rate in India holding at Rs.40,000 per kg on the 20th amid firm overseas cues.
  • Prices remained untouched at Rs.40,000 per kg the next day before an incline in industrial demand led to rates surging to Rs.40,100 per kg on the 22nd.
  • However, with the US dollar dominating against a basket of other major currencies, demand dropped considerably and silver rate in India was recorded holding at Rs.39,800 per kg on the 24th.
  • Thanks to an increase in demand from industrial units and coin makers brought about by market speculations, silver price in India rebounded to Rs.40,200 per kg on the 25th and continued trading at the same rate for the remainder of the week.

August 2018 Week 5 (27 - 31):

Parameters Silver price (per kg)
August 27 Rate Rs.40,200 per kg
August 31 Rate Rs.40,300 per kg
Overall Weekly Performance Incline
  • There was a decline in demand for silver in India over the course of the month, with the industrial metal opening the week at Rs.40,200 per kg.
  • The floods in Kerala, as well as other parts of the country, affected industrial production, which resulted in fewer industrial orders for the metal.
  • Silver traded at Rs.40,400 per kg on 28 August as the dollar fell, making imports of the metal cheaper, though demand was still sluggish.
  • Prices fell marginally to Rs.40,300 per kg on 29 August and did not change for the remainder of the week.
  • Sluggish demand and local factors contributed to a low silver price, as the month ended with the metal trading at Rs.40,300 per kg.

Trend of Silver Rate in India 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.42,800 per kg on 1 and 2 July
Lowest Rate in July Rs.41,200 per kg from 27 - 29 July
Overall Monthly Performance Decline
Percentage Change -3.50%
Graph for Silver Rate (1 gram) in India June 2018
Graph for Silver Rate (1 gram) in India June 2018

July 2018 - Week 1 (1 - 7):

Parameters Silver price (per kg)
July 1 Rate Rs.42,800 per kg
July 7 Rate Rs.42,700 per kg
Overall Weekly Performance Decline
  • Silver was priced at Rs.42,800 per kg when the week began in India. This remained the same on the 2nd as demand from industries and coin makers was steady.
  • On the 3rd, silver rate in India went down to Rs.42,400 per kg after due to a strong dollar and weak demand.
  • The 4th saw rates rise up to Rs.42,800 per kg and continue at this rate till the 6th due to sustained demand from local coin makers and industrial units.
  • On the final day of the week, gold rates dropped to Rs.42,700 per kg as demand softened and so did the cues.

July 2018 - Week 2 (8 - 14):

Parameters Silver price (per kg)
July 8 Rate Rs.42,600 per kg
July 14 Rate Rs.42,200 per kg
Overall Weekly Performance Decline
  • Silver trading opened for the week in India with the metal priced at Rs.42,600 per kg on the 8th with strong demand from industries and coin makers amid the firm trend overseas.
  • With the dollar losing against a basket of other apex currencies, demand for the metal surged globally. This led to silver prices surging to Rs.42,900 per kg on the 9th.
  • Rates remained untouched at Rs.42,900 per kg the next day before an incline in the dollar value led to prices dropping to Rs.42,600 per kg on the 11th.
  • With the US threatening the Chinese by imposing additional tariffs on imports, the dollar index rose considerably. This led to prices plummeting to Rs.42,200 per kg on the 12th.
  • Subdued but steady demand from industrial units and coin manufacturers resulted in silver prices in India closing at Rs.42,200 per kg on the last day.

July 2018 - Week 3 (15 - 22):

Parameters Silver price (per kg)
July 8 Rate Rs.42,200 per kg
July 14 Rate Rs.41,700 per kg
Overall Weekly Performance Decline
  • This week began with silver opening at Rs.42,200 per kg, which then rose to Rs.42,300 per kg the next day.
  • As the dollar surged, precious metals became expensive to procure. This caused silver prices in India to plummet, first to Rs.42,100 per kg on the 17th and then to Rs.41,700 per kg on the 18th.
  • Prices fell over the next two days as well, with the metal trading at Rs.41,600 per kg and then at Rs.41,300 per kg over the 20th and 21st respectively.
  • When the week drew to a close, silver prices had inclined slightly to trade at Rs.41,700 per kg.

July 2018 Week 4 (22 - 31):

Parameters Silver price (per kg)
July 22 Rate Rs.41,700 per kg
July 31 Rate Rs.41,400 per kg
Overall Weekly Performance Decline
  • Demand for silver in India was on the wane as the rising dollar made imports more expensive.
  • Silver opened the week at Rs.41,700 per kg, with no change in price from the previous week in spite of fluctuations in the dollar rate.
  • The falling rupee made imports more expensive, which resulted in a steady decline in orders from industrial units and coin makers.
  • Fears of a trade war and increased tariffs led to stock prices falling, but investors stayed away from bullion as silver fell to Rs.41,400 per kg on 24 July.
  • A slight rise in price was recorded on 26 July, when silver rose to Rs.41,700 per kg on increased offtake from Asian industry.
  • Local demand remained poor, as silver fell to Rs.41,200 per kg on 27 July before ending the month at Rs.41,400 per kg.

Trend of Silver Rate in India 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 June to 5 June
Overall Monthly Performance No change
Percentage Change 0
Graph for Silver Rate (1 gram) in India May 2018
Graph for Silver Rate (1 gram) in India May 2018

June 2018 - Week 1 (1st - 10th)

  • Silver was priced at Rs.42,800 per kg when trading began in India for the first week of June.
  • This dropped to Rs.42,600 per kg as cues were weak after the US dollar rose ahead of a strong US jobs data.
  • The white metal continued to trade at Rs.42,600 per kg on the 4th and the 5th as well, before rising slightly to Rs.42,900 per kg on the 6th.
  • A slight drop was recorded on the 7th and silver rate in India went down to Rs.42,800 per kg but rose to Rs.43,600 per kg on the 8th.
  • The US President Donald Trump’s tweets about the G7 summit and its failure caused the markets to plummet and silver price in India went up to Rs.43,700 per kg on the 9th.
  • The week ended with gold trading at Rs.43,700 per kg, thanks to a steady local demand.

June 2018- Week 2 (11th-17th)

  • Demand for silver was on the rise in the second week of June, with the industrial metal priced at Rs.43,900 per kg on 11 June.
  • With markets quite volatile ahead of the summit between the U.S. and North Korean leaders, demand for silver fluctuated, with the metal trading at Rs.44,000 per kg on 12 June.
  • Positive reactions to the summit buoyed the dollar index, as investors sought to capitalise on a strong equity market.
  • Silver prices dropped to Rs.43,900 per kg on 13 June, registering a minor dip in price as local industry reduced offtake.
  • As trade relations between the U.S. and China deteriorated, markets and the dollar fell on the possibility of a trade war, which led to silver prices rising to Rs.44,300 per kg on 14 June.
  • The rise in price continued, with the metal reaching Rs.45,000 per kg in early trading on 15 June, in spite of conflicting international cues.
  • The end of the week saw renewed volatility, as silver prices fell to Rs.44,300 per kg on 17 June on declining local demand due to a high dollar rate.

June 2018 - Week 3 (18th - 24th)

  • Silver trading opened for the week with silver prices in India holding at Rs.43,400 per gram on the 18th after rates declined by Rs.900 from the previous session amid the strengthened US dollar.
  • Silver rates rose to Rs.43,500 per kg on the 19th before plummeting to Rs.43,100 per kg on the 20th as safe-haven demand for the bullion plunged amid weak global cues.
  • Poor trends overseas coupled with weak domestic demand from coin makers and industrial units led to prices plummeting to Rs.42,900 per kg on the 21st.
  • The 22nd saw silver rates remaining untouched at Rs.42,900 per kg with subdued but steady industrial offtake for the white metal.
  • Trading concluded for the week silver rates holding firm at Rs.42,900 per kg on the 24th amid the weak trend overseas.

June 2018 - Week 4 (25th - 30th)

  • Silver prices dipped consistently over the course of this week, thanks to a weak demand in the country.
  • When the week began on the 25th, gold was priced at Rs.43,200 per kg, which dropped to Rs.43,100 per kg on the 26th.
  • Rates held steady on the 27th before dropping further to Rs.43,000 per kg as demand remained muted ahead of a strong dollar.
  • On the 29th, the precious metal’s rates went down to Rs.42,800 per kg - a Rs.200 per kg decline before trading at the same rate on the final day of the week.

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

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%
Graph for Silver Rate (1 gram) in India April 2018
Graph for Silver Rate (1 gram) in India April 2018

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

  • Silver prices in India rose significantly with commodity markets riding safely on the back of worsening geopolitical uncertainties during the week.
  • The week began with silver rates holding at Rs.42,000 per kg on the 1st with subdued but steady demand from industries and coin makers amid the strong US dollar.
  • However, silver rate rebounded to Rs.42,600 per kg on the 3rd with the dollar losing against other apex currencies following the two-day Federal Reserve monetary policy meeting.
  • The week ended in India with the industrial metal trading at Rs.43,200 per kg on the 6th with strong domestic demand for the metal amid the ongoing geopolitical concerns.

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

  • Gold opened at Rs.3,045 per gram when trading commenced for the second week of May.
  • Prices were consistent for most of the week as demand was stable in the state.
  • From the 7th to the 11th, gold rates in Kerala remained the same - at Rs.3,045 per gram.
  • The 12th saw gold prices move up to Rs.3,056 per gram before continuing at the same rate on the final day of this week.
  • Much of this week’s rise can be contributed to the sudden change in the US dollar, which declined after the inflation data was released.
  • This data, which suggested that the outcome was weaker than expected, caused gold prices to rise this week.

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

  • The third week began in India with silver prices holding at Rs.43,600 per kg on the 14th with strong demand from industrial units and coin makers amid positive overseas market cues.
  • The next couple of days saw silver demand plunging on account of the recovering US dollar and equities and the white metal was priced at Rs.43,300 per kg and 43,000 per kg on the 15th and the 16th respectively.
  • Though prices rose to Rs.43,200 per kg on the 17th, a surge in the dollar value amid the well-performing stock markets led to silver prices in India plunging to Rs.43,000 per kg on the 18th.
  • Trading concluded for the week with the industrial metal priced at Rs.43,100 per kg on the 20th after a decline in the US dollar amid the US-Italian political crisis resulted in an increase in demand for safe-haven assets.

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

  • Although, silver isn’t a dollar-intensive metal, the changes in the greenback over the week did impact the rates.
  • When the penultimate week of May opened for trading, silver was priced at Rs.43,100 per kg, which went up to Rs.43,200 per kg the next day, owing to a slight change in demand conditions.
  • On the 23rd, silver rates in Kerala went up to Rs.43,500 per kg as demand went up after the US dollar crashed. The reason was because industrial units and coin makers began to take advantage of a weak dollar.
  • As demand eased on the 24th, silver rates dropped down to Rs.43,300 per kg.
  • The drop, however, was short lived. Silver rates surged further to Rs.43,800 per kg on the 25th as demand rocketed to new highs, while the dollar struggled to recover.
  • However, when the dollar did recover - on the next day - silver prices went down to Rs.43,600 per kg.
  • The week drew to a close with silver rates still holding at Rs.43,600 per kg.

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

  • When trading commenced for the final week, silver rates in India were recorded holding at Rs.43,000 per kg on the 28th.
  • Prices rose to Rs.43,100 per kg on the 29th before dropping to Rs.42,900 per kg the next day with the US greenback dominating against other apex currencies in the international markets.
  • Trading ended for the month with silver priced at Rs.43,100 per kg on the 31st with bullion markets capitalising on the political uncertainty in Italy.
  • Thanks to strong demand from industries and coin makers amid positive trends overseas, India recorded an incline of 2.61% in silver trade during the course of the month.

Trend of Silver Rate in India 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%
Graph for Silver Rate (1 gram) in India March 2018
Graph for Silver Rate (1 gram) in India March 2018

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

  • Silver price in India fell over the course of the first week of April due to fluctuating demand, with the industrial metal opening the week at Rs.41,400 per kg.
  • Prices fell to Rs.41,300 per kg on 2 April as demand from industry was sporadic due to fluctuating equity markets.
  • The decline in the dollar led to an increase in demand from overseas industrial units, resulting in silver prices rising to Rs.41,600 per kg on 3 April.
  • Minor dips in local demand from coin makers led to silver trading at Rs.41,500 per kg on 5 April before a sharp drop in local demand pushed prices to Rs.41,000 per kg on 5 April.
  • The decline in price continued for the rest of week, as silver ended the week trading at Rs.41,200 per kg on 7 April.

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

  • When the week began in India, silver was priced at Rs.41,200 per gram which held on till the closing hours of the next day.
  • The 10th witness a minor price rise and silver traded at a slightly better rate of Rs.41,300 per kg as local demand improved.
  • On the 11th silver prices in India moved up to Rs.41,700 per kg due to a rise in demand brought about by strong global cues.
  • The 12th recorded a price surge as well, with silver trading at Rs.42,000 per kg amid rising demand and a slightly weak market.
  • Rates fell to Rs.41,600 per kg on the 13th as demand dropped because local investors back out of investments.
  • Silver rate in India recorded a Rs.300 increase on the 14th, to trade at Rs.41,900 per kg as the US and France’s joint airstrikes on Syria helped commodity investors to improved their positions.
  • When the week ended, silver rates were still holding at Rs.41,900p per kg.

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

  • Silver trading opened in India with the industrial metal priced at Rs.42,100 per kg on the 16th with steady demand from industrial units and coin manufacturers amid firm overseas trends.
  • With investors gravitating towards safe-haven assets such as silver and gold amid the ongoing global tensions in the Korean Peninsula and Syria, silver was priced at Rs.42,200 per kg on the 17th before rising further to Rs.42,500 per kg on the 18th amid strong global cues.
  • The 19th saw silver prices surging to Rs.43,700 per kg with inflationary concerns having resurfaced in the markets amid the strongly performing base metal trade.
  • Silver prices in India were recorded holding at Rs.43,800 per kg on the 20th amid positive global cues.
  • Silver continued trading at Rs.43,800 per kg for the rest of the week with strong demand for the metal from industrial units and coin makers amid strong international market trends.

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

  • In India, when the week began silver opened on a strong note and traded at Rs.43,700 per kg.
  • Demand was largely topsy-turvy this week with prices inclining and declining on a consistent basis.
  • On the 24th, rates dropped considerably for the white metal to trade at Rs.43,000 per kg - a Rs.700 per kg decline.
  • There was a brief reprieve on the 25th when silver traded at Rs.43,100 per kg and signalled a positive growth.
  • However, prices dropped back to Rs.43,000 per kg as local demand went down quite a bit.
  • Over the 27th and the 28th, silver rate in India were holding at a further lowered rate of Rs.42,800 per kg.
  • On the final day of this week, silver price in India were seen holding at Rs.42,300 per kg, a Rs.500 decline compared to the previous day.

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

Graph for Silver Rate (1 gram) in India February 2018
Graph for Silver Rate (1 gram) in India February 2018
Parameters Silver price (per kg)
Silver Rate on 1st March 2018 Rs.41,100 per kg
Silver Rate on 31st March 2018 Rs.41,400 per kg
Highest Rate in March Rs.41,900 per kg on 7 March
Lowest Rate in March Rs.41,000 per kg on 19 and 21 March
Overall Monthly Performance Incline
Percentage Change 0.72%

March 2018 - Week 1 (1 - 5):

  • The price of silver in India in the first week of March saw a slight appreciation as bullion was sought after due to the volatility in equity markets.
  • Silver was priced at Rs.41,100 per kg on 1 March as industrial offtake was a bit muted due to a bull run by the U.S. Dollar.
  • Demand from local industrial units was also on the decline, though prices did not slide on the static demand.
  • Silver rate in India rose to Rs.41,400 per kg on 2 March as news of the trade tariffs led to markets across the globe falling sharply.
  • Local equity markets also tumbled as industrial demand for silver was steady, which kept prices at Rs.41,600 per kg on 3 March.
  • Silver price in India remained constant for the remainder of the week due to strong demand from both international as well as domestic markets.
  • The week ended with silver trading at Rs.41,600 per kg on 5 March.

March 2018 - Week 2 (5-11):

  • When silver trading started in India for the week, the metal was priced at Rs.41,600 per kg.
  • This fell to Rs.41,400 per kg the next day as demand took a hit owing to poor sales among the industrial units and coin makers around the country.
  • On the 7th, silver prices went up to Rs.41,900 per kg as a weak dollar pushed demand for the metal up.
  • During the 8th, silver rates in Kerala fell to Rs.41,500 per kg as there was a brief decline in demand.
  • Due to poor demand, rates went down to Rs.41,300 per kg on the 9th as demand failed to seen any positive change.
  • Demand, however, improved over the final two days and silver traded at Rs.41,600 per kg.

March 2018 - Week 3 (12 - 18):

  • When trading commenced for the third week in India, the industrial metal was priced at Rs.41,600 per kg on the 12th amid the strengthening dollar and firmer equities.
  • The 13th saw silver prices dropping to Rs.41,400 per kg with demand taking a hit amid the rising greenback and positive reports from the US employment data.
  • However, the dismissal of Rex Tillerson led to the US dollar losing considerable ground in the international market. This led to silver price in India surging to Rs.41,700 per kg on the 14th.
  • With markets speculating over a possible interest rate hike next week, the US dollar and equities strengthened. This resulted in prices dropping to Rs.41,500 per kg on the 15th which plummeted further to Rs.41,300 per kg the following day.
  • Silver rate in India dropped again to Rs.41,100 per kg on the 17th owing to a decline in domestic demand from local industries and coin makers amid weak global trends.
  • When trading concluded for the week, silver rates in India were recorded holding at Rs.41,100 per kg on the 18th with markets bracing for the Federal Reserve meeting next week.

March 2018 - Week 4 (19 - 25):

  • When trading commenced on 19 March, silver was priced at Rs.41,000 per kg, with a minor dip in price from the previous week observed.
  • Local demand from industrial units was steady, as global demand was unsteady due to fluctuating markets.
  • Silver price in India rose to Rs.41,200 per kg on 20 March as coin makers increased demand due to a drop in the dollar rate.
  • Prices began to recover towards the middle of the week, with Asian industry increasing offtake due to a low dollar rate.
  • Apprehension over the Fed’s monetary policy and proposed rate hikes kept markets jittery, which led to an increase in interest in bullion.
  • Silver rate in India rose to Rs.41,600 per kg as trading closed on 22 March, as strong demand from investors due to falling equity markets drove prices higher.
  • There was no change in price for the rest of the week, as silver closed at Rs.41,600 per kg on 25 March.

March 2018 - Week 5 (26 - 31):

  • The final week began in India with silver trading at Rs.41,600 per kg on the 26th with steady demand from industrial units and coin makers.
  • The 27th saw silver prices in India surging to Rs.41,800 per kg after the rising tensions between the US and Russian led to investors gravitating on safe-haven assets such as silver during the week.
  • However, with the US dollar index gaining against other apex currencies amid the rising equity markets, silver rates in India plunged to Rs.41,500 per kg on the 28th which dropped further to Rs.41,400 per kg on the 29th amid the poor trend overseas.
  • Thanks to steady demand from industries and coin makers amid the poor trend overseas, silver prices remained unchanged at Rs.41,400 per kg for the remainder of week.
  • India recorded an incline of 0.72% in silver rates due to the positive global cues that pushed demand higher during the month.

Trend of Silver Rate in India 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.41,600 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%
Graph for Silver Rate (1 gram) in India January 2018
Graph for Silver Rate (1 gram) in India January 2018

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

  • Trading began in India with silver priced at Rs.42,600 per kg on the 1st with an increase in offtake by industrial units and coin makers.
  • Prices remained untouched at Rs.42,600 per kg on the 2nd with steady industrial demand for the white metal.
  • The 3rd, however, saw silver rate in India plunging to Rs.41,700 per kg after the US dollar gained against other apex currencies ahead of the highly optimistic US employment data.
  • The week concluded with silver holding at Rs.41,700 per kg on the 4th with steady demand from industries and coin manufacturers.

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

  • The white metal traded at Rs.41,500 per kg in India when trading commenced for the 5th of February.
  • Silver rate in India surged to Rs.41,900 per kg on the 6th due to demand increasing from from coin makers and industrial units went up.
  • The 7th saw demand drop, pushing silver prices down to Rs.41,400 per kg. This dropped further by Rs.600 the next day to Rs.40,800 per kg as demand failed to pick up.
  • On the 9th, silver price in India solidified marginally for the metal to trade at Rs.41,000 per kg but a falling demand caused rates to drop to Rs.40,600 per kg on the 10th.
  • The final day of this week saw little change in demand, which led to silver prices remaining at Rs.40,600 per kg.

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

  • The week commenced in India with silver trading at Rs.40,900 per kg on the 12th amid the weakening US dollar equities ahead of the US inflation data during the week.
  • With the US dollar losing against a basket of other emerging currencies, silver price in India rose to Rs.41,300 per kg on the 13th which surged further to Rs.41,400 per kg on the 14th amid the firm overseas trends.
  • The 15th saw silver rate in India rising for the fourth straight session with the US dollar touching near two-month lows in the world market. The industrial metal was recorded trading at Rs.41,800 per kg.
  • However, with the US dollar gaining marginally following the release of the US price data, silver rate in India plunged to Rs.41,700 per kg on the 16th.
  • The rest of the week witnessed the white metal holding firm at Rs.41,700 per kg with steady demand from industrial units and coin manufacturers.

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

  • Silver opened at Rs.41,600 per kg on the 19th of February, but dropped to Rs.41,200 per kg during the next day’s trade.
  • The white metal opened at RS.41,200 per kg on the 21st as well before rising to Rs.41,400 per kg on the 22nd as demand surged after the Fed Reserve minutes were being unveiled.
  • On the 23rd, silver rate in India went up to Rs.41,600 per kg before falling to Rs.41,500 per kg on the 24th of the month.
  • The final day of this week saw gold rate in India drop to Rs.41,500 per kg as demand seemed to decline slightly.

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

  • Trading began for the week with silver priced at Rs.41,600 per kg on the 26th amid firm overseas trends.
  • However, with the US dollar index rising against other apex currencies, silver rate in India rose to Rs.41,700 per kg on the 27th.
  • The month came to an end with the industrial metal being priced as low as Rs.41,200 per kg on the 28th owing to the strengthening US dollar and firmer equities.
  • Indian registered a decline of 3.28% in silver rates during the month.

Trend of Silver Rate in India 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.43,100 per kg from 26 to 28 January
Lowest Rate in January Rs.38,925 per kg on 1 January
Overall Monthly Performance Incline
Percentage Change 8.41%
Graph for Silver Rate (1 gram) in India December2017
Graph for Silver Rate (1 gram) in India December2017

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

  • Silver price in India saw a gradual growth over the course of the week, thanks to steadily increasing demand from local industries and coin makers.
  • On the 1st of January, silver rate in India was Rs.38,925 per kg, which then rose to Rs.39,115 per kg on the 2nd.
  • The 3rd saw a brief blip in prices, which led to the metal trading at Rs.39,110 per kg. But, as demand increased, silver rates in India went up to Rs.39,115 per kg on the 4th.
  • Silver rate in India rose again on the 5th to hit Rs.39,265 per kg as demand was on the rise.
  • Over the final two days of this week, silver rates were seen holding at Rs.39,355 per kg.

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

  • When the second week began silver was recorded trading at Rs.39,265 per kg on the 8th of January.
  • However, silver price in India dropped to Rs.39,110 per kg on the 9th after equity markets strengthened amid a strong dollar index.
  • Silver rate in India remained unchanged at Rs.39,110 per kg for the next couple of days owing to steady demand from industrial units and coin manufacturers.
  • On the 12th, prices surged to Rs.39,265 per kg before rising further to Rs.39,355 per kg on the 13th following a decline in the US dollar value.
  • Strong industrial demand coupled with a positive trend overseas led to silver rates in India hold steady at Rs.39,355 per kg when the week concluded on the 14th.

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

  • Silver opened at Rs.39,680 per kg when the week began. Rates, however, seemed to be on the decline for the rest of the week.
  • The 16th and the 17th saw silver rate in India hold at Rs.39,670 per kg as demand seemed to drop, owing to poor sales.
  • Silver prices in India went down again on the 18th to hit Rs.39,265 per kg as local investors backed out in numbers.
  • Prices remained at the Rs.39,265 per kg for the remaining days of the week.

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

  • In India, silver price failed to see too many changes as demand largely remained steady.
  • On the 22nd of January, silver was priced at Rs.42,000.
  • With demand from local buyers holding steady, silver continued to trade at Rs.42,000 per kg on the 23th of January.
  • The 24th witnessed some change in prices, albeit a Rs.200 one, as prices were recorded at Rs.42,200 per kg at the time of closing.
  • Changes in overnight trading positions cause silver price in India to increase to Rs.43,100 per kg when markets opened on the 25th. As demand from local coin makers and industrial units remained steady, silver prices didn’t see any changes.
  • From the 26th to the 28th of January, silver rate in India continued at Rs.43,100 per kg as demand from all concerned parties remained flat.

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

  • When trading began for the last week in India, silver was priced at Rs.42,700 per kg on the 29th.
  • A rise in the US dollar index coupled with firmer equity markets led to silver rate in India dropping to Rs.42,200 per kg on the 30th.
  • Prices remained unchanged at Rs.42,200 per kg on the 31st with steady demand for the metal from industrial units and coin makers.
  • The month of January saw silver rate in India inclining by 8.41% owing to the strong global cues that pushed demand higher for the white metal.

Silver Rate in the Most Popular Indian Cities

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

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