Silver Price Trend In Kolkata

Trend of Silver Rate in Kolkata 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 Kolkata December'18

Silver Rate Trend in Kolkata in December 2018

  • The price of silver opened the month of December at Rs.38,500 per kg and increased through the month. The major reasons why price of silver increased due to the fall of the dollar against other currencies.
  • The value of the rupee increased against the dollar after the US-China trade truce. The markets fell and the investors inclined towards investing in the bullion.
  • Demand for silver increased due to global factors which also played a factor in the increase of prices in the country and in Kolkata.
  • On 31 December 2018, the price of the metal closed at Rs.41,500 per kg which resulted in an incline of 7.79%.

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

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

Silver Rate Trend in Kolkata for November 2018

  • The rate of silver in Kolkata in the month of November was in a state of gradual decline. Two factors that led to this decline was the falling rupee amid tumultuous global cues and a weak industrial demand from the local markets.
  • The turbulence in the stock markets also played their part as Brexit uncertainties and a strengthening dollar steered investors away from bullion.
  • On November 1, silver was priced at Rs.40,900 per kg before jumping to its monthly high at Rs.41,500 per kg in the first week. Thereafter, driven by a weak industrial demand and rising dollar, the price of silver in Kolkata slid further.
  • It eventually ended the month at Rs.38,800 per kg, marking an overall decline of 5.13% in November.

Trend of Silver Rate in Kolkata 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):

  • When trading began for the week, silver in Kolkata was recorded trading at Rs.41,000 per kg on the 1st with steady demand from local industries and jewellers.
  • With the dollar value dropping amid market speculations ahead of the US Fed Reserve meeting, silver prices surged to Rs.42,000 per kg on the 3rd.
  • Trading closed for the week with silver priced at Rs.41,900 per kg on the 7th, recording a Rs.800 incline in silver rates from the first day’s price.

October 2018 - Week 2 (8 - 14):

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

October 2018 - Week 3 (15 - 21):

  • Trading commenced for the week with silver rate in Kolkata holding at Rs.41,900 per kg on the 15th.
  • Though prices dropped to Rs.41,400 per kg on account of poor local demand over the next couple of days, demand picked up gradually amid the tumbling equity markets and silver was priced at Rs.41,700 per kg on the 19th.
  • The last two days saw the industrial metal priced at Rs.41,500 per kg and Rs.41,400 per kg respectively with the market participants refraining from purchases amid the weak trends overseas.

October 2018 - Week 4 (22 - 28):

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

October 2018 - Week 5 (29 - 31):

  • The final week started off with silver trading at Rs.41,600 per kg on the 29th as domestic markets failed to capitalise on the previous week’s gains.
  • Poor domestic demand coupled with weak global cues led to silver prices holding at Rs.41,200 per kg for the remainder of the month.
  • Silver trade witnessed a rise of 0.24% in price trends owing to the rising crude oil prices and dropping rupee that led to prices surging during the course of the month.

Trend of Silver Rate in Kolkata 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)

  • The price of silver in Kolkata stood at Rs.40,000 per kg on 01 September 2018.
  • On 3th of the month, silver rates in the city dipped to Rs.40,000 and further slid and hit a monthly low of Rs.39,500 per kg on 5th and 7th September.
  • The stock market was affected negatively due to the ongoing trade war and investors turned to safe-haven assets which helped silver rates recover and close at Rs.39,700 per kg.

September 2018- Week 2 (9-15)

  • Though steady demand for the metal and high overseas demand helped silver rate remain unaffected and trade at Rs.39,700 per kg on 9th September and incline further in the following days, the price of silver fell in the last few days of the week.
  • Silver rates inclined and traded at Rs.39,900 per kg from 11 to 13 of the month before falling to Rs.39,800 per kg on 14 September.
  • Fluctuating dollar rate led to a dip in silver rates and silver once again hit a monthly low of Rs.39,500 per kg on 15 September.

September 2018- Week 3 (16-22)

  • Silver was traded at the lowest rate for the month of Rs.39,500 per kg on 16 September but it recovered during the week due to high retail and industrial demand.
  • Silver prices inclined and traded at Rs.39,700 per kg, Rs.39,800 per kg, and Rs.40,000 per kg on 17, 18, and 19 September respectively.
  • As the value of the rupee fell and the global trade tensions continued, 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)

  • Silver continued to trade at Rs.40,300 per kg on 23 September in Kolkata.
  • Due to poor retail demand, the price of silver dropped to Rs.40,000 per kg on 24 September. However, as the demand for the metal picked up, silver rates quickly recovered and inclined to Rs.40,200 per kg on 25 and further inclined to Rs.40,800 per kg on 26 September.
  • During the end of the month, silver prices surged and hit a monthly high of Rs.41,200 per kg on 29 and 30 September. Silver rates inclined by 3% in the month of September in Kolkata.

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

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

August 2018- Week 1 (1-5)

  • The start of the month saw silver prices fluctuate on unfavourable market cues and the falling rupee.
  • Silver was priced at Rs.41,400 per kg when trading opened, as the dollar continued to climb on positive U.S. economic data.
  • Prices fell to Rs.41,000 per kg on 3 August as local industrial demand fell due to rising costs associated with the falling rupee.
  • The fluctuating dollar resulted in silver prices in Kolkata rising to Rs.41,300 per gram on 5 August as investors increased orders.

August 2018- Week 2 (6-12)

  • Prices continued to fluctuate as the rupee dropped further against the rising dollar, reducing local demand for silver.
  • The metal opened the week at Rs.41,300 per kg on the back of poor domestic demand, though international orders rose.
  • An unstable euro and declining overseas demand saw the industrial metal fall to Rs.41,100 per kg on 10 August.
  • As the rupee made some gains towards the end of the week, silver prices rose to Rs.41,200 per kg on 12 August.

August 2018- Week 3 (13-19)

  • Silver was pressured in the third week of August as the dollar recovered from last week’s losses on positive market trends.
  • The industrial metal traded at Rs.41,200 per kg on 13 August but falling local demand resulted in prices sliding downwards.
  • Retail demand was on the decline in spite of the festive season as the falling rupee made buying silver more expensive, as the metal plunged to Rs.39,900 per kg on 16 August.
  • Prices fluctuated for the next few days before settling at Rs.40,000 per kg on 19 August to record a sharp drop in price during the week.

August 2018- Week 4 (20-26)

  • There was no change in silver prices in Kolkata when trading opened on 20 August, as sluggish demand and a rising dollar put off local demand.
  • Silver traded at Rs.40,100 per kg on 22 August on a spurt in Asian demand, but fears over China’s economic growth slowing affected bullion sales.
  • Prices stayed more or less constant for the rest of the week before closing at Rs.40,200 per kg on 26 August as fluctuations in demand prompted greater demand for safe-haven assets like bullion.

August 2018- Week 5 (27-31)

  • The last week saw sluggish demand from local industrial units and coin makers, as the rupee fell sharply.
  • Silver opened the week at Rs.40,200 per kg on 27 August, remaining unchanged from the previous week due to static demand.
  • Prices were boosted by a drop in the dollar and rose to Rs.40,400 per kg on 28 August but the metal’s fortunes changed the next day as it fell to Rs.40,300 per kg on 29 August.
  • Fears of another interest rate hike resulted in investors staying away from silver purchases but a rise in Asian demand kept prices stable.
  • As the month ended, silver rates in Kolkata maintained stability to close at Rs.40,300 per kg, though the metal lost 2.65% of its value during the month.

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

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

July 2018- Week 1 (1-10)

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

July 2018- Week 2 (11-17)

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

July 2018- Week 3 (18 - 24)

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

July 2018- Week 4 (25 - 31)

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

Trend of Silver Rate in Kolkata 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):

  • Trading commenced for the month with silver rates holding at Rs.42,800 per kg on the 1st with global demand pressured by the rising dollar and equities.
  • The 2nd saw prices plummeting to their lowest monthly figure of Rs.42,600 per kg as the dollar dominated against a basket of other major currencies after the release of the positive US jobs and payrolls’ reports.
  • Poor industrial demand coupled with weak global cues led to silver being priced at Rs.42,600 per kg until the 5th.
  • The 6th, however, saw rates surging to Rs.43,900 per kg with market participants concerned over the G7 summit to be held during the week.
  • On the 7th, the white metal was recorded trading at Rs.43,800 per kg as the dollar value rose slightly amid the well-performing equities.
  • However, the G7 summit went through as expected with US President targeting other heads of the participating nations over inappropriate trade practices. This led to the US dollar index dropping significantly against other apex currencies.
  • Silver was recorded trading at Rs.43,600 per kg on the 8th, which rose further to Rs.43,700 per kg on the 9th amid strong market trend overseas,
  • Trading concluded for the week with silver priced at Rs.43,700 per kg on the 10th with strong and steady industrial demand for the metal.

June 2018 - Week 2 (11 - 17):

  • Silver prices in Kolkata were greatly influenced by the political summits and the US central bank meeting held during the course of the week.
  • Silver was recorded trading at Rs.43,900 per kg on the 11th when the week began with domestic markets capitalising on the previous week’s gains.
  • Prices rose to Rs.44,000 per kg on the 12th before dropping to Rs.43,900 per kg on the 13th after the US-North Korean summit turned out to be a successful event.
  • However, the US dollar index dropped soon after the US Federal Reserve decided to leave its benchmark interest rates untouched at the monetary policy meeting. This led to global market participants banking on the commodity markets. Silver was priced at Rs.44,300 per kg on the 14th.
  • Silver prices were recorded holding at Rs.45,000 per kg - the highest recorded monthly figure - on the 15th amid the strong overseas market trends.
  • As the week came to an end, global demand stabilised amid the recovering dollar and the industrial metal was priced at Rs.44,300 per kg on the 17th.

June 2018 - Week 3 (18 - 24):

  • The third week began with silver rates dropping by Rs.900 to Rs.43,400 per kg on the 18th on account of the strong dollar performance that capped demand globally.
  • Prices recovered to Rs.43,500 per kg the next day before plunging to Rs.43,100 per kg on the 20th with industrial demand suppressed by the well-performing equities and the rising US dollar index.
  • The 21st saw rates dropping further to Rs.42,900 per kg with poor investor demand amid the weak trend overseas.
  • The rest of the week saw silver prices remaining untouched at Rs.42,900 per kg with subdued but steady demand from local industrial units and coin makers.

June 2018 - Week 4 (25 - 30):

  • The last week began with silver rates opening at Rs.43,200 per kg - an incline of Rs.300 - on the 25th, thanks to an increased retail demand at the domestic level.
  • However, a decline in industrial offtake over the next few days led to silver prices plunging to Rs.43,000 per kg on the 28th.
  • The 29th saw rates dropping further to Rs.42,800 per kg with global demand held in check by the strengthening US dollar and well-performing stock markets.
  • Trading concluded for the month with silver priced at Rs.42,800 per kg on the 30th, recording a steady overall performance during the course of the month.

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

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

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

  • Trading commenced for the month with the white metal priced at Rs.42,000 per kg on the 1st amid firm overseas market trends.
  • Strong local demand from industries, jewellers and retailers brought about by the weakened US dollar resulted in prices rising to Rs.42,600 per kg on the 3rd.
  • Silver rates remained steady for much of week with the US-Sino trade war fears pushing demand higher for safe-haven assets such as the bullion.
  • The week came to an end with silver prices holding firm at Rs.42,600 per kg on the 6th amid the rising US-North Korean geopolitical tensions.

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

  • The week began with silver trading at Rs.43,200 per kg on the 7th following an increase in industrial offtake for the metal.
  • An incline in the dollar value compared to other apex currencies led to silver rates dropping to Rs.43,000 per kg on the 8th.
  • With the US-North Korean diplomatic relations intensifying, demand for precious metals such as gold and silver surged during the week.
  • Silver was recorded trading at Rs.43,100 per kg on the 9th before surging further to Rs.43,300 per kg on the strong investor demand amid positive market cues.
  • The 11th saw silver prices in Kolkata surging to Rs.43,500 per kg as demand from retailers, jewellers and industrial units rose at the domestic level.
  • Thanks to steady global as well as domestic demand amid the firm global cues, the rest of the week saw rates remaining untouched at Rs.43,500 per kg.

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

  • Trading opened for the week with silver rates holding at Rs.43,600 per kg on the 14th with market participants speculating over the possible US-North Korean summit.
  • However, with the greenback rising against a basket of other emerging currencies, demand for the metal plummeted over the next couple of days.
  • Rates dropped to Rs.43,300 per kg on the 15th before plunging to Rs.43,000 per kg on the 16th amid the poor trend overseas.
  • Silver prices recovered to Rs.43,200 per kg for a brief period on the 17th before dropping again to Rs.43,000 per kg on the 18th with local demand suppressed by the strong US dollar index.
  • The week came to an end with the industrial metal closing slightly higher at Rs.43,100 per kg on the 20th.

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

  • The fourth week began with silver rates holding at Rs.43,100 per kg on the 21st with domestic bullion markets tracking a firm trend overseas.
  • Safe-haven demand for the metal surged with investors gravitating towards assets such as the bullion to hedge against rising geopolitical concerns in the Middle East and Europe.
  • Strong global cues coupled with an increased domestic demand led to silver rates rising to Rs.43,500 per kg on the 23rd.
  • However, with the US dollar index regaining lost ground from its previous rally of losses, demand for the metal dropped. This led to prices dropping to Rs.43,300 per kg on the 24th.
  • Strong domestic demand from industrial units, jewellers, and retailers despite the poor overseas trends led to silver rates remaining untouched at Rs.43,600 per kg for the remainder of the week.

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

  • The last week commenced in Kolkata with silver trading at Rs.43,000 per kg - a decline of Rs.600 - on the 28th with domestic markets failing to capitalise on its previous session’s gains.
  • Thanks to an increase in local buying, prices rose marginally to Rs.43,100 per kg on the 29th.
  • However, with the US dollar gaining on positive market sentiments after the US President confirmed the previously cancelled US-North Korea to go ahead as planned, prices dropped to Rs.42,900 per kg on the 30th.
  • The month came to an end with silver rates in Kolkata closing at Rs.43,100 per kg on the 31st, recording an increase of 2.31% in silver trade during the month.

Trend of Silver Rate in Kolkata 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 was on the increase as the week began but fell marginally towards the end of the week due to lower demand from industrial units.
  • Silver opened the month trading at Rs.41,400 per kg and rose to Rs.41,600 per kg on 3 April as there was an increase in orders from coin makers.
  • Favourable market conditions brought about by a weakening of the U.S. Dollar led to a rise in demand from Asian industry which kept prices stable.
  • A rally by equity markets and a steady increase in the dollar rate led to a drop in demand for the industrial metal, which fell to Rs.41,000 per kg on 5 April.
  • A slight rise in price was recorded as the week came to a close with silver priced at Rs.41,200 per kg on 7 April.

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

  • Turbulent equity markets and a fluctuating dollar rate led to stable demand for the industrial metal.
  • The week began with silver priced at Rs.41,200 per kg on 8 April in Kolkata as local industrial demand was steady due to a weak U.S. Dollar.
  • The suspected chemical attack in Syria led to equity markets falling sharply which led to an increase in bullion buying.
  • Silver prices rose to Rs.41,700 per kg on 11 April as local demand from coin makers also increased which boosted prices.
  • Asian demand for the industrial metal was on the rise and was reflected in the price which rose to Rs.42,000 per kg on 12 April.
  • Slight fluctuations in overseas demand led to silver prices falling to Rs.41,900 per kg as the week ended on 15 April.

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

  • Continued tensions over the U.S.-led intervention in Syria led to markets and currencies falling across the globe, as investors rushed to invest in bullion.
  • Silver prices rose to Rs.42,100 per kg on 16 April as investors assessed the impact of the airstrikes.
  • Local demand for the industrial metal was stable as silver prices rose to Rs.42,500 per kg on 18 April as coin makers also increased orders.
  • The continuing trade tensions between the U.S. and China also led to market turbulence and an increase in bullion investment.
  • Prices jumped to Rs.43,700 per kg on 19 April as the dollar tumbled and equity markets dropped sharply.
  • The end of the week saw a continued rise in rates as silver traded at Rs.43,800 per kg on 22 April.

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

  • The last week of April saw demand for silver fall slightly as equity markets recovered from their earlier losses and global currencies also bounced back.
  • Silver opened the week at Rs.43,700 per kg on 23 April but saw a sharp decline in price as local industrial demand fell due to order saturation.
  • Favourable economic data from the U.S. and a lessening of tensions between the U.S. and China also led to markets rising.
  • Silver prices fell throughout the week to end the month at Rs.42,300 per kg on 30 April.

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

Parameters

Silver price (per kg)

March 1 Rate

Rs.41,100 per kg

March 31 Rate

Rs.41,400 per kg

Highest Rate in March

Rs.41,900 per kg on 7 March

Lowest Rate in March

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

Overall Monthly Performance

Incline

Percentage Change

0.72%

March 2018 – Week 1 (1 – 4):

  • The week began in Kolkata with silver trading at Rs.41,100 per kg on the 1st with steady industrial offtake in the domestic level.
  • Poor dollar performances compounded by the unevenly performing equity markets led to silver rates rising significantly during the week.
  • Prices rose to Rs.41,400 per kg the next day after the bullion market capitalised on the weakened greenback and stock markets.
  • An incline in demand local industrial units and coin makers amid the strong global cues led to silver rates surging further to Rs.41,600 per kg on the 3rd.
  • The week came to an end with the industrial metal prices holding firm at Rs.41,600 per kg on the 4th with domestic markets tracking a firm trend overseas.

March 2018 – Week 2 (5 – 11):

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

March 2018 – Week 3 (12 – 18):

  • The third week opened with silver priced at Rs.41,600 per kg on the 12th with domestic markets tracking steady trends from the previous week.
  • However, with the US employment data indicating a positive result on the US economic growth, the dollar index rose against a basket of other currencies. This led to silver rate in Kolkata dropping to Rs.41,400 per kg on the 13th.
  • Safe-haven demand for the metal spiked after the US Secretary of State Rex Tillerson was fired abruptly by the US President. With people doubting Trump’s presidency, the US dollar plummeted. This led to silver prices surging to Rs.41,700 per kg on the 14th.
  • But with investors and traders refraining from making purchases ahead of a possible Fed rate hike, silver rates dropped to Rs.41,500 per kg on the 15th.
  • Poor trends overseas coupled with reduced domestic demand led to silver being priced at Rs.41,300 per kg and Rs.41,100 per kg on the 16th and the 17th respectively.
  • The week ended with the industrial metal trading at Rs.41,100 per kg on the 18th with subdued but steady demand from industries and coin makers amid weak global cues.

March 2018 – Week 4 (19 – 25):

  • The week began with silver trading at its lowest recorded monthly figure of Rs.41,000 per kg on the 19th after the strengthened US dollar led to a decline in domestic demand for the metal.
  • Though prices rose to Rs.41,200 per kg on the 20th, silver rate in Kolkata plunged again to Rs.41,000 per kg on the 21st following a surge in the US dollar value.
  • However, an incline in safe haven demand for the metal brought about by the weakened US dollar amid market uncertainties led to silver price in Kolkata rising over the next couple of days.
  • Silver was recorded trading at Rs.41,500 per kg on the 22nd before surging further to Rs.41,600 per kg on the 23rd amid firm trends overseas.
  • Thanks to steady global demand from industries and coin makers amid the positive global cues, prices remained untouched at Rs.41,600 per kg until the end of the week.

March 2018 – Week 5 (26 – 31):

  • The last week saw silver rate in Kolkata rising initially before declining amid the strengthening US dollar and recovering equities.
  • Silver was priced at Rs.41,600 per kg on the 26th when the week opened.
  • Rates rose to Rs.41,800 per kg the next day after safe-haven investments surged following the ongoing US- Russian political spat overseas.
  • The dollar, however, regained ground the next day with the greenback gaining against a basket of other emerging currencies in the international market. This led to silver being priced at Rs.41,500 per kg on the 28th.
  • The strengthening US dollar coupled with firmer equity markets led to silver price in Kolkata dropping to Rs.41,400 per kg on the 29th.
  • The rest of the month saw the white metal prices holding steady at Rs.41,400 per kg with subdued but steady demand from industrial units and coin makers.
  • Kolkata registered an incline of 0.72% in silver rates during the course of the month.

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

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

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

  • Silver traded at Rs.42,600 per kg in Kolkata when the first week of February began.
  • Silver rate in Kolkata continued to trade at Rs.42,600 per kg before falling to Rs.41,700 per kg on the 3rd, due to weak trading cues. Rates seen on the 1st and te 2nd were the highest silver rates for this month.
  • It was made possible by a poor US dollar which seemed to drop ahead of poor jobs data.
  • The month came to an end with the metal trading at Rs.41,700 per kg.

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

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

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

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

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

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

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

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

Trend of Silver Rate in Kolkata 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 trade in Kolkata witnessed prices increasing significantly following an incline in demand from industrial units and coin manufacturers amid steady global cues.
  • Trading commenced with the white metal priced at Rs.38,925 per kg on the 1st. This was also the lowest recorded monthly figure in Kolkata.
  • Steady local demand coupled with firm trends resulted in prices remaining untouched at Rs.38,925 per kg on the 2nd.
  • The 3rd saw silver rate in Kolkata rising to Rs.39,110 per kg before dropping to Rs.38,995 per kg on the 4th with a slight decline in industrial demand amid the strengthened US dollar index.
  • However, with the US greenback losing ground against other apex currencies, prices surged to Rs.39,265 per kg on the 5th.
  • An increase in demand compared to below par performance in the previous days resulted in silver rates holding steady at Rs.39,355 per kg on the 6th and the 7th.

January 2018 - Week 2 (8 - 14):

  • The week began with the industrial metal trading steady at Rs.39,355 per kg on the 8th amid firm trends overseas.
  • Silver price in Kolkata plunged to Rs.39,115 per kg on the 9th which dropped further to Rs.38,925 per kg the following day with the US dollar strengthening amid firm equities markets which pushed demand lower for the metal.
  • The 11th, however, saw silver rates climbing up to Rs.39,110 per kg following an increase in demand from local coin makers and industrial units.
  • Steady demand coupled with positive trends overseas resulted in silver prices remaining untouched at Rs.39,110 per kg on the 12th.
  • With the US dollar losing against a basket of other emerging currencies in the international markets, demand for the metal surged.
  • Silver was recorded trading at Rs.39,265 per kg on the 13th before rising to Rs.39,355 per kg on the 14th amid strong global cues.

January 2018 - Week 3 (15 - 21):

  • The week saw silver rates climbing initially before plunging amid poor trends overseas as the week progressed.
  • The white metal prices were recorded holding at Rs.39,670 per kg on the 15th with a sudden incline in demand after speculators ramped up their purchases amid the weakened US dollar.
  • Silver rates remained unaltered at Rs.39,680 per kg over the next couple of days with steady demand for the metal by investors and traders.
  • The 18th, however, saw silver prices plunging to Rs.39,265 per kg with a decline in silver sales amid the recovering greenback and equities market.
  • Silver price in Kolkata dropped further to Rs.39,115 per kg on the 19th before slightly rising to Rs.39,265 per kg on the 20th after a firm trend overseas led to an incline in industrial demand for the metal.
  • With the US dollar attempting to make a comeback from its previous rally of losses, silver rates remained untouched at Rs.39,265 per kg for the remainder of the week.

January 2018 - Week 4 (22 - 28):

  • The fourth week witnessed silver prices holding steady during the initial days before surging high halfway into the week with strong safe-haven demand for the metal.
  • Trading commenced for the week with the white metal priced at Rs.39,265 per kg on the 22nd amid steady trends overseas.
  • Strong global cues coupled with steady demand from local coin makers and industrial units resulted in silver rates holding steady at Rs.39,265 per kg until the 24th.
  • However, with the US dollar and equity markets losing considerable ground in the global markets, demand for the safe-haven metal spiked. This led to silver being priced as high as Rs.40,285 per kg on the 25th.
  • The rest of the week saw silver rate in in Kolkata holding firm at Rs.40,285 per kg owing to steady domestic and global demand amid the poorly performing US dollar and equities.

January 2018 - Week 5 (29 - 31):

  • The final week began with the industrial metal trading at Rs.42,700 per kg - the highest recorded monthly figure - on the 29th. The rise in prices was greatly due to the sudden incline in safe-haven demand amid concerns over a possible economic crisis in the US.
  • However, with the US dollar and equity markets regaining lost ground from the previous losses, silver rates plunged to Rs.42,200 per kg on the 30th.
  • Trading concluded for the month with silver continuing to trade at Rs.42,200 per kg on the 31st after demand remained flat ahead of the two-day monetary policy meeting in the Federal Reserve.
  • Strong global, as well as domestic demand brought about by the positive trends overseas, heralded record-breaking changes in silver rates during the month.
  • Silver rates in Kolkata rose by a whopping 8.41% owing to strong global cues during the course of the month.

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

Parameters Silver price (per kg)
Silver Rate on 1st December 2017 Rs.41,800 per kg
Silver Rate on 31st December 2017 Rs.43,000 per kg
Highest Rate in December Rs.43,000 per kg on 30 December
Lowest Rate in December Rs.40,200 per kg on 06 December
Overall Monthly Performance Increasing
Percentage Change 2.87%

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

  • When the month began, the industrial metal was recorded trading at Rs.38,230 per kg on the 1st amid the strengthening US dollar.
  • The 2nd saw silver price in Kolkata declining to Rs.38,120 per kg with a decline in domestic demand brought about by the strong US dollar index.
  • Though prices remained unchanged at Rs.38,120 per kg the next day, silver rate in Kolkata plummeted to Rs.37,965 per kg on the 4th after demand from industries and coin manufacturers declined amid the poor global trends.
  • A decrease in demand brought about by the strong US dollar and firmer equities led to silver prices dropping to Rs.37,600 per kg and Rs.37,180 per kg on the 6th and the 7th respectively.
  • Silver rates dropped further to Rs.36,715 per kg on the 8th with the US dollar rising against other apex currencies following the approval of the Republican tax reform plan by the US Senate.
  • With investors and traders cautious ahead of the US Federal Reserve meeting during the next week, prices remained untouched at Rs.36,715 per gram for the rest of the week.

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

  • The week began with the white metal prices holding at Rs.36,920 per gram on the 11th with steady demand for the metal.
  • Silver continued trading at Rs.36,920 per kg on the 12th but the strengthening US dollar and well-performing equities resulted in prices plummeting to Rs.36,545 per kg - the lowest recorded monthly figure - on the 13th.
  • The Fed rate hike resulted in the dollar losing significant ground against other apex currencies. This led to silver rate in Kolkata rebounding to Rs.37,295 per kg on the 14th.
  • The 15th, however, witnessed prices dropping slightly to Rs.37,235 per kg which plunged further to Rs.36,920 per kg the next day with the US dollar rising amid the stabilising markets.
  • The week concluded with silver priced relatively higher at Rs.37,180 per kg on the 17th with an increased offtake by industrial units and coin manufacturers.

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

  • When trading opened for the week, silver was priced at Rs.38,395 per kg on the 18th with an increase in industrial demand in the domestic market.
  • Silver price in Kolkata plunged to Rs.37,600 per kg the next day before an incline in domestic demand led to silver rates rebounding to Rs.38,395 per kg on the 20th.
  • The uneven global cues coupled with the fluctuating industrial demand led to silver being priced at Rs.37,600 per kg on the 21st before rising to Rs.37,865 per gram on the 23rd.
  • Steady demand amid the positive trends overseas led to silver rates holding firm at Rs.37,865 per gram for the rest of the week.

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

  • The last week of 2017 commenced with silver recorded trading at Rs.38.395 per gram on the 25th amid the firm trend overseas.
  • The next day, however, witnessed rates plunging to Rs.38,005 per gram with the US dollar regaining lost ground and the well-performing equities market.
  • But with Asian stock markets failing against the new US tax cuts, prices rebounded to Rs.38,815 per kg on the 27th.
  • Silver price in Kolkata rose slightly to Rs.38,825 per kg on the 28th with the US dollar losing against a basket of other emerging currencies.
  • Strong investor sentiments coupled with an improved demand amid the positive trends overseas led to silver prices surging to Rs.39,265 per kg on the 30th.
  • Trading concluded for the month with the white metal priced at Rs.39.265 per kg on the 31st.
  • Kolkata registered an incline of 2.70% in silver prices during the course of the month.

Trend of Silver Rate in Kolkata 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 prices were quite unstable in the first week of November in Kolkata, with the white metal priced at Rs. Rs.38,995 per kg.
  • Silver traded at Rs.39,950 per kg on 2 November following an increase in local demand due to higher order volumes ahead of the festive season.
  • Demand rose as commodity markets took advantage of the unsteady equity markets, increasing demand from booth local as well as international industrial units.
  • Silver was priced 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 the previous week’s demand kept prices stable.
  • Silver price in Kolkata rose to Rs.40,040 per kg on 7 November over the political uncertainty in the Middle East following the surprise arrests of top ranking Saudi diplomats and officials.
  • Local demand followed trends seen overseas as the dollar suffered a drastic plunge, resulting in silver price in Kolkata holding steady at Rs.40,040 per kg on 8 & 9 November.
  • Demand began to dip towards the middle of the week, with silver priced at Rs.39,970 per kg on 10 November.
  • The price of silver remained unchanged for the remainder of the week as silver ended the week priced at Rs.39,970 per kg on 12 November.

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

  • The third week saw silver prices rise to monthly highs as the market continued to fluctuate due to the unrest in Saudi Arabia and the ramping up of rhetoric with North Korea.
  • Silver was priced at Rs.39,870 per kg on 13 November, with the price falling slightly due to a strong opening by markets across the world.
  • Prices rose as the week progressed due to the fallout from Brexit, as the U.K. markets plunged and silver rose to Rs.40,140 per kg on 14 November.
  • Silver price in Kolkata continued to rise, as the metal trading at Rs.40,240 per kg on 15 & 16 November due to more orders from Asian industrial units.
  • Coin makers also increased demand for the white metal, though prices did not see much of a change.
  • Silver price in Kolkata fell to Rs.40,040 per kg on 17 November following the regularising of demand as markets recovered.
  • Tensions with North Korea rose up again as the week drew to a close, resulting in silver jumping to Rs.40,520 per kg on 18 & 19 November.

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

  • Silver traded at Rs.40,440 per kg on 20 November as markets performed well after the previous week’s rise in demand.
  • Prices began to gradually regularise themselves as silver rate in Kolkata fell to Rs.39,780 per kg on 21 November, though local demand was steady.
  • The decline in demand for silver in the international market resulted in local prices falling to Rs.39,265 per kg on 22 November.
  • Prices recovered as silver was priced at Rs.40,060 per kg on 23 November after a rise in local demand following a local market downturn.
  • Demand was at the mercy of the stock markets, which led to the white metal trading at Rs.40,040 per kg on 24 November as the U.S. escalated tensions with North Korea.
  • 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.
  • The metal opened the week trading at Rs.39,780 per kg on 27 November, with the price remaining constant from the previous week as a result of muted trading on the commodity exchanges.
  • Silver rate in Kolkata fell to Rs.39,680 per kg on 28 November as demand dropped following a market recovery.
  • Silver price in Kolkata dropped to Rs.39,115 per kg on 29 November as the U.S. economy recovered from its earlier losses and appeared to be on the path to recovery in spite of the internal political problems plaguing them.
  • Silver price in Kolkata continued to drop as the month drew to a close as the metal traded at Rs.38,640 per kg on 30 November.

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

Parameters Silver price (per kg)
Silver Rate on 1st October 2017 Rs.39,530 per kg
Silver Rate on 31st October 2017 Rs.39,435 per kg
Highest Rate in September Rs.40,440 per kg on 16 October
Lowest Rate in September Rs.39,110 per kg on 5 and 19 October
Overall Monthly Performance Decline
Percentage Change -0.24%

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

  • Silver opened the week trading at Rs.39,500 per kg on the 1st of October.
  • Silver Price in Kolkata 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 prices dropping to Rs.39,110 per kg on the 5th. This was also the lowest recorded monthly figure in Kolkata.
  • Strong global cues coupled with an increased local demand led to silver rate in Kolkata 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):

  • The domestic trade witnessed silver rate in Kolkata being greatly influenced during the second week. This was due to the positive trends overseas and the imminent arrival of the festive season during the week.
  • The industrial metal was priced at Rs.39,950 per kg when the week began on the 9th.
  • With the effect of the festive season kicking in, domestic demand surged in the local trade. This led to silver price in Kolkata surging to Rs.40,060 per kg on the 10th, which further rose to Rs.40,285 per kg on the 11th.
  • Kolkata witnessed silver prices trading steady at Rs.40,390 per kg for the rest of the week, thanks to steady industrial demand coupled with strong international market trends.

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

  • When trading commenced for the third week, silver was priced higher at Rs.40,440 per kg on the 16th. This was also the highest recorded monthly figure in the city
  • Poor global trends amid the strengthening dollar over the next few days led to silver rate in Kolkata plunging to Rs.40,060 per kg and Rs.39,110 per kg on the 18th and the 19th respectively.
  • The imminent arrival of Diwali spurred demand higher for the metal pushing rates higher to Rs.40,285 per kg the next day.
  • The rest of the witnessed the white metal trading firm at Rs.40,060 per kg, thanks to steady industrial demand from coin manufacturers.

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

  • A firm US economy coupled with other poor international trends led to silver rate in Kolkata 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 Kolkata 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 rates 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.

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

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-10th)

  • When trading commenced in Kolkata, the white metal was trading at Rs.40,390 per kg on the 1st of September.
  • Thanks to steady and sustained demand from local buyers, prices remained untouched at Rs.40,390 per kg until the 3rd.
  • However, silver rates in Kolkata surged to Rs.41,075 per kg on the 4th due to the poorly performing dollar.
  • Silver prices in Kolkata rose to Rs.40,340 per kg on the 5th, which further surged to Rs.41,495 per kg on the 6th. This was due to an increase in demand from industries and coin makers making purchases to boost their inventories.
  • Demand for the industrial metal dropped, and prices dropped to Rs.40,230 per kg the following day.
  • With North Korea having confirmed about its successful thermonuclear test, demand for safe-haven assets like silver skyrocketed over the next three days.
  • The 8th witnessed silver trading at Rs.41,675 per kg, which surged further to Rs.41,900 per kg on the 9th. This was also the highest recorded monthly figure in Kolkata.
  • The week ended on the 10th with the white metal priced at Rs.41,00 per kg, owing to steady global, as well as, domestic demand.

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

  • The second week saw silver rates declining significantly as the US economy began to recover.
  • Silver opened the week trading at Rs.41,075 per kg on the 11th, which then plunged to Rs.41,030 per kg the next day.
  • The white metal prices, however, recovered to touch Rs.41,075 per kg on the 13th, but soon dropped to Rs.40,890 per kg the next day with strengthening of the US dollar.
  • The rest of week witnessed silver trading at Rs.40,890 per kg, owing to a low, but steady demand from industries and coin makers.

September 2017 - Week 4 (18th-24th)

  • Kolkata witnessed silver rates decline during week owing to poor global trends and reduced local demand.
  • The week began with silver priced at Rs.40,440 per kg on the 18th.
  • Rates plunged to Rs.39,680 per kg as the dollar gained against other major emerging currencies the next day.
  • The 21st witnessed silver rates in Kolkata dropping marginally to Rs.39,670 per kg, on account of reduced local demand.
  • Silver prices in Kolkata remained steady at Rs.39,670 per kg for the remained of the week, thanks to steady and sustained local demand from industrial units and coin manufacturers.

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

  • Silver opened trading at Rs.39,670 per kg on the 25th, when trading commenced for the final week in Kolkata.
  • The 26th witnessed silver rates surging to Rs.40,520 per kg, with the arrival of the festive season pushing local demand higher for the metal.
  • However, prices dropped in Kolkata to Rs.39,780 per kg on the 27th, which further plunged to Rs.39,530 per kg on the 28th as demand for the metal declined with strengthening of the US dollar.
  • Silver rates in Kolkata remained unchanged at Rs.39,530 per kg over the next couple of days with steady demand from local buyers.
  • The city of Kolkata witnessed silver rates decline by 2.12% over the course of the month.

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

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 prices in Kolkata fluctuated in the first week of August due to conflicting cues from industry and the markets.
  • The industrial metal was priced at Rs.38,925 per kg on 1 August but prices dipped to Rs.48,455 peer kg on 2 August as overseas demand was on the decline due to a recovering U.S. dollar.
  • Local demand was also sluggish as orders were slow following the imposition of GST, as silver rate in Kolkata fell to Rs.37,965 per kg on 3 August.
  • Demand fluctuated for the rest of the week before settling at Rs.37,235 per kg on 6 August.

August ‘17- Week 2 (7th to 13th)

  • Prices continued to be on the lower end as the second week began as industrial units awaited U.S. non-farm jobs data.
  • Silver traded at Rs.37,295 per kg on 7 August before rising to Rs.38,345 per kg on 8 August after an influx of orders from Europe boosted prices.
  • In spite of poor local demand, silver rate were on the rise as the U.S. economy was weak following the escalation of tension between the United States and North Korea, with silver trading at Rs.38,925 per kg on 10 August.
  • Demand steadied at Rs.39,670 per kg on 12 August and remained unchanged as the week ended on 13 August thanks to sustained demand from overseas.

August ‘17- Week 3 (14th to 20th)

  • Prices were more or less stable barring a few fluctuations in the third week of August as markets began to stabilise after the previous week’s volatility.
  • Silver was priced at Rs.39,670 per kg on 14 August and remained steady for a while before a minor drop in demand led to the metal falling to Rs.38,815 per kg on 16 August.
  • Industrial demand from Asia fluctuated as data from China indicated a slowing down of the economy, which brought down orders.
  • Silver price in Kolkata recovered marginally as the week ended, with silver priced at Rs.39,115 per kg from 18-20 August.

August ‘17- Week 4 (21st to 27th)

  • The week opened with silver trading at Rs.39,115 per kg on 21 August as there was minimal trading in the metal over the weekend.
  • Silver prices in Kolkata rose to Rs.39,265 per kg on 22 August as demand from coin makers kept prices high after a slump in demand from overseas industry due to a rising dollar rate.
  • Market volatility persisted as geopolitical tensions within the United States led to greater demand for bullion as safe-haven asset, pushing prices to Rs.39,355 per kg on 24 August.
  • Demand dropped to Rs.38,995 per kg on 25 August as the rise in the dollar rate coupled with a relatively stable geopolitical situation led to reduced trading in silver.
  • The week ended with silver priced at Rs.38,995 per kg on 27 August.

August ‘17- Week 5 (28th to 31st)

  • The last week of August saw an increase in demand for silver as local demand picked up, with the metal opening the week at Rs.39,435 per kg on 28 August.
  • Silver rate in Kolkata rose to Rs.40,190 per kg on 29 August following a surge in demand from both overseas as well as domestic industrial units in spite of the dollar remaining relatively stable.
  • The renewal of war rhetoric and the economic impact of Hurricane Harvey led to markets falling and greater demand for bullion, keeping prices high.
  • The month ended with silver priced at Rs.40,040 per kg on 31 August, recording a 2.86% increase in price over the course of the month.

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

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)

  • Silver was on the ascent as the week began but prices dropped due to a decline in demand towards the end of the week.
  • The industrial metal was priced at Rs.38,640 per kg on 1 July and rose to Rs.38,690 per kg on 3 July as overseas demand was steady in spite of a rising U.S. dollar rate.
  • Prices dipped as the markets rose around American independence day, with silver falling to Rs.38,705 per kg on 4 July.
  • The drop in price continued as the dollar rate rose as investor confidence increased ahead if the G20 summit.
  • Industrial demand was muted as companies awaited the results of the ongoing summit, resulting in silver prices falling to Rs.37,115 per kg from 7-9 July.

July ‘17- Week 2 (10th to 16th)

  • The drop in prices continued in the second week, with silver priced at Rs.36,035 per kg on 10 July, the lowest rate for the month as local demand all but came to a standstill.
  • Prices were subject to the vagaries of demand as the dollar rate continued to be high, as silver traded at Rs.36,920 per kg on 12 July.
  • International concern over the escalating tensions between North Korea and the United States impacted the bourses marginally, though silver prices continued to be low at Rs.36,270 per kg on 14 July.
  • A moderate rise in orders from Asia led to silver rising to Rs.37,180 per kg on 15 & 16 July, though overall demand continued to be sluggish.

July ‘17- Week 3 (17th to 23rd)

  • Growing tensions between the United States and its neighbours led to the markets falling and a rise in demand for bullion, especially silver.
  • The white metal traded at Rs.37,180 per kg on 17 July before prices rose to Rs.37,600 per kg on 18 July amidst growing rhetoric from the U.S. president on the border wall with Mexico and tensions with North Korea.
  • Silver price in Chennai rose to Rs.37,705 per kg on 19 July in spite of poor local demand as markets were stable.
  • Growing demand from coin makers led to silver prices rising to Rs.37,800 per kg on 21 July and jumping to Rs.38,005 per kg on 22 & 23 July.

July ‘17- Week 4 (24th to 31st)

  • Silver price rose as favourable market conditions led to increased demand from overseas buyers such as the Chinese and Europeans, with silver priced at Rs.38,120 per kg on 24 July.
  • Local demand was bolstered by higher demand from coin makers and retail purchases, as the metal traded at Rs.38,230 per kg on 25 July before prices rose to Rs.38,690 per kg on 27 July.
  • Fluctuations were observed as silver fell to Rs.38,275 per kg on 28 July due to a sudden drop in demand from local industrial units.
  • As the U.S dollar rate recovered from its earlier losses, silver prices failed to recover from their slump, trading at Rs.38,460 per kg on 29 July.
  • A nominal rise in price was recorded on 31 July as silver ended the month at Rs.38,640 per kg.
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 ‘17- Week 1 (1st to 4th)

  • The price of silver in Kolkata rose over the course of the first week barring a minor fluctuation.
  • Silver was priced at Rs.40,285 per kg on 1 June before the price fell to Rs.39,950 per kg on 2 June due to a dip in industrial demand.
  • The low U.S. dollar rate as well as the political turmoil in the U.S. led to an increase in demand for silver, which traded at Rs.40,670 per kg on 3 June.
  • Prices remained constant as the week ended, closing at Rs.40,670 per kg on 4 June.

June ‘17- Week 2 (5th to 11th)

  • Prices opened at Rs.40,670 per kg on 5 June as demand was consistent due to stable demand from Asia as well as European markets.
  • Silver rose to its highest rate for the month on 7 June, trading at Rs.40,890 per kg as fresh news on the Russia scandal enveloping the White House caused markets to plunge and unseated the dollar.
  • Prices dipped to Rs.40,725 per kg on 8 June due to a decline in demand from local industrial units, which led to the price drop.
  • Silver continued to fall in value due to poor demand from overseas markets, as the metal traded at Rs.40,285 per kg on 9 June.
  • The week ended with silver priced at Rs.40,060 per kg on 11 June.

June ‘17- Week 3 (12th to 18th)

  • Silver traded lower than the previous week as the dollar recovered some of its earlier losses and the markets began to recoup their losses.
  • The week opened with silver priced at Rs.39,680 per kg on 12 June before falling to Rs.39,435 per kg on 13 June as local demand fell as the rising dollar made silver imports more expensive.
  • Silver traded at Rs.39,265 per kg on 15 June as demand from Europe was also muted as markets were bolstered by positive news from the U.S. jobs market.
  • Prices failed to rise as the week drew to a close, trading at Rs.38,640 per kg on 17 & 18 JuUne.

June ‘17- Week 4 (19th to 25th)

  • Prices opened at Rs.38,640 per kg on 19 June as demand for silver was constant over the weekend.
  • Silver prices fell to Rs.38,455 per kg on 21 June as local demand was poor and industrial demand from Asia was lower than expected.
  • Prices rose marginally as silver traded at Rs.38,690 per kg on 23 June and rose further to Rs.38,925 per kg on 24 & 25 June due to an influx of orders from coin makers.
  • Local demand began to rise as jewellers and consumers increased demand ahead of the imposition of GST.

June ‘17- Week 5 (26th to 30th)

  • Silver opened the week trading at Rs.38,925 per kg on 26 June as demand was more or stable.
  • A stable U.S. dollar rate and recovering markets kept demand for bullion low, but local demand led to silver prices rising to Rs.39,115 per kg on 28 June.
  • Prices continued to remain constant for the next day as the Indian stock markets were slightly unsteady before GST was rolled out.
  • Prices fell to Rs.38,995 per kg on 30 June in spite of stable demand, resulting in silver suffering a loss in value of 3.20%.
Parameters Silver Price in Kolkata
May 1st Rate Rs.40,040 per kg
May 31st Rate Rs.40,060 per kg
Highest Rate in May Rs.40,520 per kg on 30th of May
Lowest Rate in May Rs.37,705 per kg on 11th and 12th of May
Overall Performance Incline
Percentage Change 0.04%

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

  • On the 1st of May, silver was priced at Rs.40,040 per kg, which then went down to Rs.39,115 per kg on the 2nd due to a massive drop in demand.
  • Prices fell again on the 3rd to Rs.38,925 per kg as jewellers - coin makers in particular - remained wary of investing in the metal.
  • The 4th saw prices fall yet again and ended the day’s pricing at Rs.38,230 per kg.
  • On 5th, silver prices decreased for the fifth consecutive day as rates went down to Rs.37,965 per kg but increased on the 6th to reach Rs.38,005 per kg.
  • When the week came to an end on the 7th, silver prices were still holding at Rs.38,005 per kg.

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

  • When the second week of May began in Kolkata, silver prices had regressed by Rs.40 to start at Rs.37,965 per kg.
  • On the 9th, prices went down by Rs.100 due to a lack of demand for silver to trade at Rs.37,865 per kg.
  • The 10th of May was when silver prices hit their lowest for the month. The low prices were due to a constant decrease in demand over the previous few days.
  • On the 11th, silver prices were the same as on the 10th - at Rs.37,705 per kg.
  • However, silver prices rallied over the next few days to end the week on a relative high.
  • During the trading hours of the 12th, silver prices were recorded at Rs.37,865 per kg, which then went up to Rs.38,005 per kg on the 13th.
  • The last day of May week 2 didn’t see any price change as silver was still trading at Rs.38,005 per kg.

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

  • Unlike the previous week, silver prices gained overnight to start the 15th at Rs.38,230 per kg - a Rs.225 incline.
  • Prices went up again on the 16th as demand from coin makers and the industrial sector rose considerably.
  • On the 16th, silver was priced at Rs.38,640 per kg and went up again on the 17th to trade at Rs.38,995 per kg.
  • Silver rates went up again on the 18th - this time by Rs.270 to close the day at Rs.39,265 per kg, but fell the next day to Rs.38,815 per kg due to a sudden drop in demand.
  • Prices rose on the 20th to Rs.39,115 per kg after an unexpected fall the previous day.
  • When the week came to an end, silver prices were still remained at Rs.39,115 per kg.

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

  • The fourth week of May saw prices fluctuate consistently due to an uneven demand for the metal.
  • When the week began on the 22nd, silver was trading at Rs.39,265 per kg, which inclined to Rs.40,040 per gram on the 23rd.
  • However, the rapid rise in demand couldn’t be sustained, leading to a drop of Rs.370 per kg, to bring prices down to Rs.39,670 per kg.
  • After an anomalous fall, prices went up to Rs.39,950 per kg on the 25th and remained level on the 26th as well.
  • The 27th saw prices increase to Rs.40,190 per kg and remained unchanged till the end of the week.

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

  • When trading began for the final week of May, silver prices were recorded at Rs.40,285 per kg.
  • Silver prices went up on the 30th to trade at Rs.40,520 per kg - making it the highest trading rate for the entire month.
  • The same demand couldn’t be sustained which led to prices falling on the final day of May 2017 to Rs.40,060 per kg.
  • Overall, silver prices inclined in Kolkata at a marginal rate of 0.04% for the month of May.
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 the 15th and 16th of April
Lowest Rate in April Rs.40,040 per kg on the 29th and 30th of April
Overall Performance Decline
Percentage Change -5.94%

April ‘17 - Week 1 (1st to 9th)

  • Silver was priced at Rs.42,570 per kg on the first day of April in Kolkata. This price was seen the next day as well.
  • However, after this rate of this metal fell on account of the U.S. Fed’s cautious tone regarding rate of interest.
  • The price of silver on the 3rd of April was Rs.42,435 per kg which then marginally increased to trade at Rs.42,730 per kg.
  • As the the week progressed, the rate of silver fluctuated depending on the demand for this metal, among other factors.
  • Although the price of silver on the 5th of April was Rs.42,775 per kg, due to slow economic data from the U.S., price of silver reduced again.
  • Silver traded at Rs.42,640 per kg on the 6th of April and fell to Rs.42,570 per kg on the 7th of April.
  • Rate of silver increased again to Rs.42,640 per kg on the last two days of the week.

April ‘17 - Week 2 (10th to 16th)

  • Due to numerous fluctuations in the demand for silver from coin makers and industrialists, the rate of silver varied during the second week of April in Kolkata.
  • Silver opened at Rs.41,625 per kg on the 10th of April and rate of this metal increased slightly the next day.
  • On the 11th, silver traded at Rs.41,780 per kg due to a rise in the demand for this metal.
  • The price of silver rose significantly to trade at Rs.42,775 per kg on the 13th of April and this could be attributed to an increased demand.
  • As the demand for silver increased, this metal traded at Rs.43,055 per kg on the last two days of the week. This was also the highest rate at which silver traded for the month of April.

April ’17- Week 3 (17th to 23rd)

  • Silver was priced at Rs.43,030 per kg on the 17th of April which was lower than the rate seen during the previous week.
  • As the value of the U.S. dollar increased, the price of silver fell. This trend was noted throughout the entire week.
  • There were also a number of changes noted in the rate of silver during this week.
  • Silver was priced at Rs.42,775 per kg on the 18th of April and fell to Rs.42,435 per kg on the 19th of April. This price was noted on the 20th of April as well.
  • Silver traded at Rs.42,080 per kg on the 21st of April and fell the next day to trade at Rs.41,980 per kg. Silver continued to trade at this rate until the end of the week.

April ’17- Weeks 4 (24th to 30th)

  • Silver traded at Rs.41,625 per kg on the first day of the last week of April in Kolkata. This low rate can be attributed to a fall in the demand for this metal.
  • As the demand from coin makers and industrialists continued to reduce, the price of silver declined again.
  • Silver traded at Rs.41,435 per kg on the 25th of April and fell to Rs.40,520 per kg on the 26th of April. This rate was seen on 27th of April as well.
  • Emmanuel Macron, a centrist candidate won the first round of the presidential elections in France resulting in price variations of silver.
  • Due to stable but low demand for this metal, the price of silver was Rs.40,190 per kg on the 28th of April. The rate fell again and silver was priced at Rs.40,040 per kg on the last two days of the week. This was also the lowest at which silver was priced for the month of April.
  • At the end of the month, a decline of 5.94% was noted in the rate of silver in Kolkata.
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 Kolkata were recorded at Rs.43,970 per kg on the 1st of March, after which they increased by Rs.130 on the second and rose to Rs.44,100 per kg, which made it the highest rate of the metal over the course of the month.
  • Demand from industrialists and coin makers fell significantly and as a result saw prices plunge considerably on the 3rd of March.
  • The metal traded at Rs.42,730 per kg on the third of the month.
  • 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 first day of the second week of March was recorded at Rs.42,925 – the same as the price on the closing day of the first week of the month.
  • A slight drop in prices over the following few days owing to decline in demand saw them 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 major fall in prices on the 10th of March saw the metal trade at Rs.40,670 per kg, after which another decline saw rates fall to Rs.40,520 per kg on the 11th of March.
  • Prices remained stable 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 Incline
Percentage Change +3.86%

February ‘17 - Week 1 (1st to 5th)

  • There were a number of variations noted in the price of silver during the first week of February in Kolkata.
  • Silver opened at Rs.42,520 per kg on the 1st due to steady demand for this metal from industrialists.
  • The rate of silver rose to Rs.42,640 per kg on the 2nd due to increased demand. However, this could not be sustained and silver prices declined the next day to trade at Rs.42,115 per gram on the 3rd of February. This was also the lowest rate at which silver traded for the month of February in Kolkata.
  • Due to fluctuations in the U.S. dollar rate and subsequent increase in demand, the price of silver rose to Rs.42,355 per gram in the 4th of the month.
  • Silver closed the first week of February by trading at Rs.42,355 per kg which was the same rate as that of the previous day.

February ‘17 - Week 2 (6th to 12th)

  • The second week saw silver trading at Rs.42,520 per kg which was slightly higher than that of the previous day.
  • Right after this, due to increased demand from industrialists and jewellers, the price of silver jumped to trade at Rs.42,930 per kg.
  • Rate of silver was steady at Rs.42,9200 per kg thanks to sustained but slightly lower demand for this metal.
  • Right after a minor lull, the rate of silver bounced back to trade at Rs.42,950 per kg on the 9th of February.
  • However, as the rate of the U.S. dollar fluctuated leading to fall in the demand for this metal. As a result the price of silver declined to trade at Rs.42,375 per kg on the 10th of February.
  • 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 minor variation in the rate of the U.S. dollar led to sudden 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.
  • This demand was however not very steady and fluctuated throughout the week. On the 14th of February, the price of silver was Rs.43,030 per kg.
  • Prices rose to Rs.43,115 per kg on 15th February and later rose to Rs.43,385 per kg on 16th February due to a sudden drop in the value of the U.S. Dollar.
  • 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 steady demand.

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

  • The price of silver in the last two weeks of February fluctuated slightly varying demand for this precious metal from industrialists and coin makers.
  • Silver was priced at Rs.43,270 per kg on 20th February, before rising slightly to trade at Rs.43,285 on the 21st of February.
  • There was a minor decrease in demand for this metal resulting in prices dropping to trade at Rs.43,240 per kg on the 22nd of February.
  • 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 shooting up 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 rise of 3.86%. 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.41,980 per kg
Highest Rate in January Rs.42,180 per kg on 23rd January
Lowest Rate in January Rs.39,035 per kg on 1st January
Overall Performance Incline
Percentage Change +7.54%

January ‘17 - Week 1 (1st to 7th)

  • Silver prices in Kolkata for the month of January registered a significant rise due to consistent demand and favourable market conditions.
  • Silver was priced at Rs.39,035 per kg on 1st January and quickly rose as industrial demand pricked up, trading at Rs.39,530 per kg on 3rd January.
  • Prices continued to rise, with silver reaching Rs.40,285 per kg on 4th January, an increase of Rs.755 per kg in a single day.
  • Higher demand from the domestic market resulted in silver trading at Rs.40,670 per kg on 5th January.
  • Prices dipped as the week ended, with silver trading at Rs.40,390 per kg on 7th January due to market fluctuations, which resulted in a lowering of demand for silver.

January ‘17 - Week 2 (8th to 14th)

  • Silver prices rose in the second week of January, as volatile markets and local factors all helped increase demand for the metal.
  • Silver was priced at Rs.40,390 per kg on 8th January, with the price rising to Rs.40,520 per kg on 9th January on stable demand.
  • U.S. markets fluctuated on uncertainty over the transfer of power as Barack Obama left office, which resulted in higher demand for safe haven assets like gold and silver.
  • Silver was priced at Rs.41,295 per kg on 11th January on increased demand but dipped in the subsequent days, trading at Rs.41,030 per kg on 13th January.
  • Silver ended the week trading at Rs.41,230 per kg on 14th January, registering a weekly increase in price of Rs.840 per kg.

January ’17- Week 3 (15th to 21st)

  • The third week of January saw the price of silver fluctuate, as domestic demand was sluggish.
  • Silver traded at Rs.41,230 per kg on 15th January as demand led to an increase in price.
  • Higher overseas demand led t silver trading at Rs.41,560 per kg on 16th January, with the price rising further to Rs.41,990 per kg on 18th January.
  • Fluctuations in demand led to silver trading at Rs.41,675 per kg on 20th January as markets recovered from their earlier slide.
  • The week ended with silver trading at Rs.41,930 per kg on 21st January, as domestic demand led to a rise in price.

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

  • Prices fluctuated in the last two weeks due to a number of factors, though silver began the week trading at Rs.41,930 per kg on 22nd January.
  • Prices rose to a monthly high of Rs.42,180 per kg on 23rd January on high demand but prices fell due to reduced demand from Asia.
  • Silver traded at Rs.41,435 per kg on 26th January and dipped further to Rs.41,075 per kg on 28th January as U.S. markets rose on positive data.
  • Prices rose as industrial demand increased towards the end of the month, trading at Rs.42,010 per kg on 30th January.
  • Silver ended the month trading at Rs.41,980 per kg on 31st January, registering a 7.54% increase in price.
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 rose marginally during the first week as demand was consistent.
  • Silver was priced at Rs.40,450 per kg on 1st December, with the price rising in subsequent days as industrial demand rose.
  • Market fluctuations led to increased demand for silver, which also led to prices rising.
  • Silver traded at Rs.41,070 per kg on 4th December, marking a marginal increase in price.

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

  • The second week saw silver prices fluctuate, with silver trading at Rs.41,055 per kg on 5th December.
  • Fluctuations in demand led to prices rising to Rs.41,290 per kg on 9th December.
  • Domestic markets rose as investor sentiment was high, reducing demand for silver.
  • Overseas trends also indicated a reduction in demand for industrial silver, which impacted demand in India.
  • Prices recovered marginally as the week ended, with silver trading at Rs.41,345 per kg on 11th December.

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

  • Silver prices fell in the third week as markets were strong, resulting in investors pulling away from bullion.
  • Silver was priced at Rs.41,345 per kg on 12th December, falling to Rs.40,605 per kg on 15th December as retail demand was poor.
  • Investors kept away from silver due to greater scrutiny of bullion purchases and a strengthening U.S. Dollar, which made imports more expensive.
  • Silver ended the week trading at Rs.39,305 per kg on 18th December, marking a steep fall in value.

December '16 – Week 4 (19th to 25th)

  • Prices continued to drop as demand was slow, resulting in silver trading at Rs.39,345 per kg on 19th December.
  • Silver fell to Rs.38,815 per kg on 22nd December as retail demand was poorer than expected.
  • Overseas demand also slowed down as markets rose on positive economic data, pushing silver to a monthly low of Rs.38,700 per kg on 23rd December.
  • Silver traded at Rs.38,725 per kg on 25th December, as economic conditions continued to be unfavourable.

December '16 – Week 5 (26th to 31st)

  • Lowered bookings from Asian countries led to silver prices remaining low in the last week of December.
  • Fears of a slowdown in the Chinese economy led to reduced trading in silver futures, resulting in silver selling at Rs.38,460 per kg on 26th December.
  • Domestic demand continued to be sluggish, though some growth was seen as the week progressed.
  • Silver traded at Rs.39,680 per kg on 29th December as markets fluctuated, but silver fell to Rs.39,035 per kg on 31st December.
  • Silver prices declined by over 3% for the month of December due to poor demand.
November 1st Rate Rs.42,910 per kg
November 30th Rate Rs.41,055 per kg
Highest Rate in November Rs.44,960 per kg on 9th November
Lowest Rate in November Rs.40,190 per kg on 25th November
Overall Performance Decline
Percentage Change -4.32%

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

  • The price of silver was stable as the month began due to strong demand from the industrial as well as the retail sector.
  • Silver traded at Rs.42,910 per kg on 1st November and rose during the week as markets were unstable due to uncertainty over the impending U.S. presidential election.
  • Silver reached Rs.44,645 per kg on 3rd November amidst brisk trading in silver before prices fell marginally.
  • Silver ended the week at Rs.44,180 per kg on 6th November.

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

  • Prices continued to stay high with demand soaring as markets crashed following the election of Donald Trump as U.S. President and the demonetisation policy.
  • Silver traded at Rs.43,685 per kg on 7th November and reached its monthly high of Rs.44,960 per kg following the demonetisation announcement on 8th November.
  • Prices stabilised for the rest of the week, though demand was still high.
  • Silver ended the week at Rs.42,005 per kg on 13th November.

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

  • The initial rise in demand for silver following demonetisation began to drop as a currency shortage affected all sections of the economy.
  • Silver traded at Rs.41,760 per kg on 14th November, with prices falling during the week as demand dropped.
  • The markets also began to recover, leading to industrial demand falling.
  • Silver traded at Rs.40,735 per kg on 20th November as demand fell sharply.

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

  • Silver prices continued their downward spiral due to the scarcity of notes in the market as well as strict monitoring of bullion trading.
  • Silver was priced at Rs.40,890 per kg on 21st November, with a resurgent U.S. Dollar leading to a lowering of demand.
  • Prices rose marginally before falling to a monthly low of Rs.40,190 per kg on 25th November as rumours of a U.S. Fed rate hike led to a market rally.
  • Silver ended the month at Rs.41,055 per kg on 30th 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.41,685 per kg on 7th October
Overall Performance Decline/Negative
Percentage Change -6.24%

October ’16- Weeks 1 & 2 (1st-9th)

  • Silver traded at Rs.45,900 per kg at the start of the month on strong demand from both domestic as well as industrial sectors.
  • Prices dropped marginally towards the middle of the week due to a dip in industrial demand.
  • The strengthening of the U.S. Dollar also contributed to declining demand for the metal in international markets, pushing domestic demand lower.
  • Silver was priced at Rs.41,800 per kg on 9th October, recording its steepest drop in price on 7th October, trading at Rs.41,685 per kg.
  • Silver recorded the sharpest drop in price for the month, falling by Rs.4,100 per kg during the week.

October ’16- Week 3 (10th-16th)

  • A marginal increase in prices was observed as demand from jewellers increased due to the ongoing festive season.
  • Silver was priced at Rs.42,600 per kg on 10th October.
  • As international demand weakened due to rising stocks, this was reflected in the domestic market, with prices falling.
  • Silver traded at Rs.41,780 per kg on 16th October as prices continued to drop owing to stagnating demand from the industrial sector.
  • Prices fell by Rs.820 per kg during the week.

October ’16- Week 4 (17th-23rd)

  • Silver prices made a slight recovery, resulting in prices rising fractionally as the U.S. markets fluctuated due to the upcoming elections.
  • Demand increased as the U.S. Dollar fell against other global currencies and Asian stocks tumbled.
  • Silver traded at Rs.41,970 per kg on 17th October, with prices rising as the week progressed.
  • Silver traded at Rs.42,130 per kg on 23rd October, reflecting an increase of Rs.160 during the week.

October ’16- Week 5 (24th-31st)

  • Silver prices stayed more or less stable as markets were unsteady but industrial demand was muted.
  • Silver traded at Rs.42,330 per kg on 24th October, after which prices rose due to uncertainty resulting in plunging markets.
  • Silver was priced at Rs.43,035 per kg on 31st October, reflecting an overall decrease of Rs.2,865 for the month of October.
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)

  • The month of September started with silver prices low at Rs.45,225 per kilogram. This was the lowest price for the entire month.
  • Prices picked up as expectations of a Fed rate hike died down.
  • Domestic demand also picked up and silver prices touched Rs.46,760 per kilogram on 3rd and 4th September.

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

  • Silver traded at Rs.46,760 per kilogram on 5th September and prices started to climb.
  • The highest price recorded for this month was Rs.47,820 per kilogram on 7th September.
  • Prospects of a Fed rate hike sprouted up again leading to a dip in prices.
  • Silver traded at Rs.46,835 per kilogram by the end of the week.

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

  • Silver traded at Rs.45,715 per kilogram on 12th September.
  • Demand for silver was reduced as trends in the global and domestic market were gloomy.
  • Prices fell to Rs.45,370 per kilogram by the end of the week as expectations of an interest rate hike from the U.S. Federal Reserve rose.

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

  • Bullish trends took over the market as the Fed rate hike was put off in light of the approaching U.S. presidential elections.
  • The price of silver was at Rs.46,110 per kilogram on 19th September.
  • Prices rose to Rs.47,590 per kilogram on 22nd September, the highest price for this week.
  • There was an increase in the industrial offtake in the domestic market.
  • Silver rates dropped to Rs.47,535 per kilogram on 23rd September and remained unchanged till the end of the week.

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

  • Silver prices started to drop this week as the atmosphere in the global market turned bearish.
  • Silver traded at Rs.46,950 per kilogram on 26th September.
  • Demand in the domestic market was subdued.
  • Silver traded at Rs.45,750 per kilogram on 30th September.
  • The overall trend for this month was an increase of 1.16%.
Factor August
1st August Rs.49, 430
31 August Rs.45, 460
Highest Price Rs.49,670 per kg on August 03rd
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)

  • There was a slight decline in silver prices mainly due to lack of demand from the domestic market.
  • Silver traded at Rs.49,670 per kg on August 03rd which is the highest silver price in the month of AUgust, 2016.
  • Silver traded at Rs.49, 430 per kg at the beginning of this week and declined to Rs.Rs.47, 255 per kg by the end of the week.
  • Silver prices reduced by Rs. 2175 per kg on the first week of August.

August '16 – Week 2 (8th to 14th)

  • Silver opened at RS.47,460 per kog at the beginning of the week and was steady for two days.
  • Silver prices increased slightly midweek by about Rs.870 per kg before it declined by the end of the week.
  • Silver closed at Rs.47,750 per kg. Lack of demand from coin makers contributed to slight fall in silver prices.

August '16 – Week 3 (15th to 21st)

  • Silver traded at Rs.47,750 per kg at the beginning of the week.
  • Despite lack of demand from local merchants, silver prices managed to remain steady with slight decrease in prices.
  • Following weak trend overseas, silver prices fell by about Rs.600 per kg on 20th of August.

August '16 – Week 4 (22nd to 28th)

  • Silver prices continued to remain low after Federal Reserve Chair, Janet Yellen hinting about a U.S interest rate hike in the near future. Silver prices varied from Rs.45,010 per kg to Rs.45,935 per kg throughout the week.
  • Positive U.S employment data, possible interest rate hike and lack of demand from local jewellers forced silver prices stay low.
  • Experts believe the fast approaching festive season in India will surge silver prices in the second half of the year. Silver closed at Rs.45,040 per kg.

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

  • The much speculated FED rate hike further lowered silver prices in india.
  • Dollar stayed firm as silver prices dropped.
  • SIlver traded at Rs.44, 805 per kg on 29th August, which is the lowest price in the month of August.
Factor July
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 +5.33%

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

  • Silver opened at Rs.46,490 per kg on the first day of the month after which prices slightly increased over the course of the next two weeks.
  • Rate of silver was steady at Rs.47,920 per kg over the next two days and increased slightly after that.
  • Prices increased even further over the next few days to cross Rs.49,000 per kg.
  • On the final day of the second week, price of silver was Rs.47,720 which was lesser than the rate of the previous few days.

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

  • The week opened with silver being priced at Rs.49,745 per kg which was also the highest for the month of July.
  • Amid rising global cues and strong demands, price of silver continued to be quite high.
  • There were minor fluctuations noted in the price of silver as the third week of July progressed.
  • The week closed with silver being priced at Rs.48,840 per kg which was also one of the higher rates for the week.

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

  • There was a minor decline noted in the price of silver on the first day of week four as compared to the previous week.
  • Rate of silver continued to decrease as the month progressed.
  • The fourth week of the month closed with silver being priced at Rs.47,420 per kg amid decreasing demand from jewellers and coin makers.

July‘16 - Week 5 (25th to 31st)

  • There was again a minor decline noted in the price of silver on the first day of the fifth week of July as compared to the rates of the previous week.
  • There was however, a slight increase noted in the price of silver after that.
  • Silver closed at Rs.48,970 per kg on the last day of the month.
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 opened the month by trading at Rs.38,640 per kg on the 1st of June.
  • The rate of silver increased by Rs.225 to Rs.38,865 on the 3rd of June.
  • Silver traded at Rs.39.755 per kg on the 4th of June.

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

  • The rate remained unchanged as silver traded at Rs.39,755 per kg on the 5th of June.
  • The price of silver dropped down to Rs.39,585 per kg on the 8th of June due to low demand.
  • Silver traded at Rs,41,510 per kg on the 11th of June.

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

  • The price of silver stayed constant as it traded at Rs.41,510 on the 12th of June.
  • Silver climbed up 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 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 with no change in prices from the last week.
  • 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 by Rs.55 to Rs.43,410 on the 27th 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 March 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)

  • Silver rates in Kolkata traded at Rs. 42,590 on the 1st of May and closed the week at Rs. 41,875.
  • The trend was towards an appreciating silver trade but market conditions were unfavourable, resulting in a decline throughout the week.
  • A fluctuating market and gains by foreign currencies resulted in silver being unable to recover its losses.
  • There was a slight surge in price on the 5th of May, but the rates steadied and declined slightly thereafter.

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

  • Lessening of demand by industrial units and gains by the currency markets led to silver prices continuing to trade below the month’s average.
  • Silver traded at Rs. 41, 725 on the 9th of May and at Rs. 41, 255 on the 15th of May.
  • Prices moved downwards after an initial rally mid-week due to estimated better-than-expected data from the U.S. job market and the likelihood of a Federal Reserve interest rate hike in June.
  • The Dollar made gains as news of the Fed interest rate hike and a strengthening economy came in, pushing silver prices down.

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

  • Silver fell for a fourth successive week as the Dollar continued to strengthen and make gains over global currencies as reports predicting increased economic growth came in.
  • Silver started the week trading at Rs. 41,255 on the 16th of May, with the rate falling to Rs. 40,135 on the 22nd of May.
  • Demand also slackened, contributing to the drop in prices over the week.
  • Rates steadied towards the end of the week but could not make gains.

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

  • With the U.S. manufacturing industry expanding, the US Dollar made gains during the week, making it expensive to trade in silver, keeping the price low.
  • Silver was trading at Rs. 40,060 on the 23rd of May and at Rs. 39,065 on the 31st of May, its lowest price since the start of the year.
  • A slump in silver sales and poor performance of bullion stocks kept investors away from silver, while the Dollar continued to grow amid reports of a rate hike by mid-June.
April 1st Rate Rs.36,780
April 30th Rate Rs.42,590
Highest Rate in April Rs.42,690 on the 29th of April
Lowest Rate in April Rs.36,000 on the 4th of April
Overall Performance Gain / Positive
Percentage Change +15.8%

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

  • Silver rates fluctuated widely in the first week of trading as prices kept moving up and down until the 4th of the month after which point they began to rise steadily.
  • Prices were recorded at Rs.36,780 on the 1st of the month and Rs.36,620 on the tenth day of the month.
  • Despite marginal declines in the first few days, prices rose and remained consistent during the last few days of trading thanks to firming international and domestic cues in addition to increase in industrial demand and higher offtake.

Apr ‘16 - Week 3 (11th to 17th)

  • Silver prices were constantly on the rise during the third week of trading.
  • Prices were recorded at Rs.37,115 on at the start of the week and Rs.39,110 by the end of the seven-day period.
  • Prices were on the up by almost Rs.2000 over the course of these seven days, marking a significant incline thanks to increase in demand and strong global cues amidst weakening of the dollar and high offtake.

Apr ‘16 - Week 4 (18th to 24th)

  • The fourth week of April also witnessed gains in silver rates as the trend was maintained.
  • Prices were recorded at Rs.38,920 on the first day of the week and Rs.41,155 on the last.
  • The overall increase in price was in excess of Rs.2200, making the penultimate week of trading record the highest gains in the month.

Apr ‘16 - Week 5 (25th to 30th)

  • Silver rates fluctuated during the final week of trading as prices increased for the first three days before declining marginally on the following two days and then increasing again only to fall by Rs.100 on the final day of the month.
  • Despite the fact that prices fluctuated during the course of the week, there was an increase in rates to the extent of almost Rs.1800 over the seven-day period.
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 lost value in the first week of trading in March.
  • Prices were Rs.37,005 on 1st and Rs.36,640 on 6th.
  • Silver rose to a high of Rs.37,710 on 2nd before stabilising at Rs.36,640 for the rest of the week.

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

  • Silver prices declined in the second week.
  • Prices were Rs.37,695 on 7th and Rs.37,710 on 13th.
  • Silver started out the week at a high of Rs.37,695 before dropping on 8th and remaining stable at Rs.37,710 after that.

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

  • Silver prices were marginally up in the third week.
  • Prices were Rs.37,650 on 14th and Rs.37,865 on 20th.
  • Prices touched a monthly high of Rs.38,640 in the week before settling Rs.215 higher.

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

  • Silver lost value in the 4th week.
  • Rates were Rs.37,930 on 21st and Rs.36,685 on 27th.
  • Silver prices appreciated to Rs.38,040 on 22nd before sliding over the rest of the week to Rs.36,685.

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

  • Silver rates were marginally lower in the last days of March.
  • 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 in the first week of trading in February.
  • Prices were Rs.34,970 on 1st and Rs.36,925 on 7th.
  • Silver prices appreciated all throughout the week, rising by Rs.1,955 on the whole by the end of the week.

Week 2 (8th to 14th)

  • Silver gained some more value in the second week.
  • Prices were Rs.36,950 on 8th and Rs.38,525 on 14th.
  • Silver once again rallied through the week, posting profits on 6 out of 7 days and rising by Rs.1,575 over the week.

Week 3 (15th to 21th)

  • Silver prices were marginally up in the third week.
  • Prices were Rs.37,220 on 15th and Rs.37,930 on 21st.
  • Prices stayed in the 37,000s, closing the week at Rs.710 higher.

Week 4 (22nd to 29th)

  • Silver halted its positive weeks of trade, shedding some of the gains in the latter end of February.
  • Rates were Rs.37,615 on 22nd and Rs.36,295 on 29th.
  • Silver lost Rs.1,320 in the final days of the month, falling on all days of the week.

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 prices appreciated in the 1st week of January.

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

  • Silver appreciated to Rs.34,220 by 8th before dropping to Rs.33,865 on 9th, where it settled on 10th also.

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

  • Silver Rates were up again in the 2nd week.

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

  • Silver dropped to Rs.33,295 by 13th before recovering and posting gains on 14th to settle at Rs.34,335.

  • Prices remained at Rs.34,335 for the remaining days.

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

  • Silver continued its appreciation in the 3rd week also.

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

  • Silver gained value to rise to Rs.34,480 by 22nd and then slid slightly to Rs.34,425 on 23rd where it was stable on 24th.

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

  • Silver posted gains in the 4th week also, wrapping up the month on appositive note.

  • Prices were Rs.34,435 on 25th and Rs.34,930 on 31st.

  • Silver appreciated on consecutive days to touch Rs.35,565 on 28th but depreciated on 29th and 30th 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.
  • Prices were Rs.34,040 on 1st and Rs.35,015 on 7th.
  • Silver dropped to Rs.33,660 on 3rd but rallied over the remaining part of the week to touch Rs.35,015 by the end of the week.
Dec'15 - Week 2 (8thto 14th)
  • Silver Rates depreciated in the 2nd week of the month.
  • Prices were Rs.34,415 on 8th and Rs.33,670 on 14th.
  • Silver was selling just above Rs.34,000 all through the week except for 11th (Rs.33,915) and 14th (Rs.33,670).
Dec'15 - Week 3 (15thto 21st)
  • Silver gained marginal value in the 3rd week.
  • Prices were Rs.33,230 on 15th and Rs.33,900 on 22nd.
  • Silver was stable all through the week and was being traded within the range of Rs.33,050 to Rs.33,900.
Dec'15 - Week 4 and Week 5 (22ndto 28th, 29thto 31st)
  • Silver prices were stable overall in the final days of December.
  • Rates were Rs.34,020 on 22nd and Rs.33,405 on 31st.
  • Silver was stable in the range of Rs.34,020 to Rs.34,275 till 28th.
  • Prices dropped below Rs.34,000 on 29th when silver was selling at Rs.33,490, before ending the month at Rs.33,405 on 31st.
1stNovember rate Rs.37,250
30thNovember rate Rs.33,940
Highest rate in November Rs.37,250 on 1st, 2nd and 3rd
Lowest rate in November Rs.33,940 on 30th
Overall performance Loss/Negative
% Change -8.86%
Nov '15 - Week 1 (1st to 7th)
  • Silver Rates depreciated in the 1st week of the month.
  • Prices were Rs.37,250 on 1st and Rs.35,650 on 7th.
  • Silver dropped to Rs.36,200 on 4th, Rs.36,100 on 5th and Rs.35,650 on 7th.
Nov '15 - Week 2 (8th to 14th)
  • Silver Rates decreased in the 2nd week of the month.
  • Prices were Rs.35,650 on 8th and Rs.34,500 on 14th.
  • There was a drop in prices on 9th to Rs.35,350 before the losses were covered in the next day.
  • Silver dropped to Rs.34,950 on 11th, Rs.34,800 on 12th and Rs.34,500 on 14th.
Nov '15 - Week 3 (15th to 21st)
  • Silver lost value again in the 3rd week.
  • Prices were Rs.34,500 on 15th and Rs.34,050 on 22nd.
  • Silver gained Rs.50 on 18th but lost Rs.300 on 19th to settle at Rs.34,250.
  • Prices appreciated marginally again on 21st to Rs.34,450 but lost the gains on 22nd to settle at Rs.34,050 for the rest of the week.
Nov '15 - Week 4 and Week 5 (22nd to 28th, 29th to 30th)
  • Silver prices were stable overall in the final days of November.
  • Rates were Rs.34,050 on 23rd and Rs.33,940 on 30th.
  • Silver was mostly stable through the week except for 25th and 26th when prices rose to Rs.34,290 and Rs.34,310 respectively.
  • Rates declined to Rs.34,090 on 28th and again to Rs.33,900 on 30th.
Silver Rate In Metro Cities
Silver Rate In Other Capitals
Silver Rate In Other Major Cities
Silver Rate In States

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