info@bankloanguru.com +91-1140109658 Home Loan Become a partner   Careers

Silver
    Rate

Silver-3

Silver Rate Today

Silver is among the most traded commodities in the world. India is no exception and silver, along with gold, forms about 10% of all commodities imports to the country. Silver rates in India are directly affected by the global demand and supply scenario of the commodity. Since the 80s, the demand for silver has outpaced its supply, with industrial demand accounting for more than half the total consumption. More than 80% of total silver production in the world is as by product of other commodities. Exclusive silver mining accounts for only 20% of the global production.

Silver Price In Indian Cities

City Silver (1 gram) Bar Silver (1 Kg)
AGRA 40.5 40,500
AHMEDABAD 40.5 40,500
ALLAHABAD 40.5 40,500
ALIGARH 40.5 40,500
BANGALORE 40.5 40,500
BHOPAL 40.5 40,500
DELHI 40.5 40,500
GURGAON 40.5 40,500
INDORE 40.5 40,500
JODHPUR 40.5 40,500

Trend of silver Rate India for January 2019 (rates per kg)

Parameters Silver price (per kg)
January 1 Rate Rs.41,500 per kg
January 13 Rate Rs.42,700 per kg
Highest Rate in January Rs.42,800 per kg on 10 January
Lowest Rate in January Rs.41,500 per gram on 1 January
Overall Performance Incline

January 2018 - Week 1 (1 - 6):

  • As market uncertainty affected global stock indices, there was a steady rise in demand for silver.
  • The industrial metal opened trading at Rs.41,500 per kg and rose steadily on consistent local industrial demand.
  • Coin makers also increased orders, as a weak dollar reduced import costs and helped drive up silver prices in India to Rs.41,800 per kg on 3 January.
  • Prices climbed to Rs.42,200 per kg on 4 January and remained constant till the week ended, recording a rise of Rs.700 during the week.

January 2018 - Week 2 (7 - 13):

  • A weak dollar and rising industrial demand boosted silver prices in India, with the industrial metal opening the week at Rs.42,200 per kg on 7 January.
  • Prices stayed steady for a few days on static demand before the falling dollar saw a surge in demand from local coin makers, which boosted prices to Rs.42,800 per kg on 10 January.
  • In spite of a drop in overseas industrial demand, strong local order volumes capped losses as the metal closed the week at Rs.42,700 per kg on 13 January.