Silver Rate in Chennai (24th July 2021)

Jul 24, 2021

72 /Gram -0.30

Silver prices in Chennai depend on a host of factors. For example, recently the government raised the excise duty on gold, which should push the rates of silver higher. When gold prices tend to rise, rural investors may move to silver as a hedge. In fact silver prices in the international markets have moved to near $15 per ounce as demand continues to be good.

Today Silver Price Per Gram/Kg in Chennai (INR)

Gram	Silver Rate Today	Silver Rate Yesterday	Daily Price Change
1 gram	72	72.30	-0.30
8 gram	576	578.40	-2.40
10 gram	720	723	-3
100 gram	7,200	7,230	-30
1 Kg	72,000	72,300	-300

Check gold rate in Chennai

Silver Rate in Chennai for Last 10 Days

Date	10 gram	100 gram	1 Kg
Jul 24, 2021	720.00	7,200.00	72000.00 ( -300 )
Jul 23, 2021	723.00	7,230.00	72300.00 ( 400 )
Jul 22, 2021	719.00	7,190.00	71900.00 ( 400 )
Jul 21, 2021	715.00	7,150.00	71500.00 ( -800 )
Jul 20, 2021	723.00	7,230.00	72300.00 ( -600 )
Jul 19, 2021	729.00	7,290.00	72900.00 ( -300 )
Jul 18, 2021	732.00	7,320.00	73200.00 ( 0 )
Jul 17, 2021	732.00	7,320.00	73200.00 ( -1100 )
Jul 16, 2021	743.00	7,430.00	74300.00 ( -200 )
Jul 15, 2021	745.00	7,450.00	74500.00 ( 600 )

Weekly & Monthly Graph of Silver Price in India

Historical Price of Silver Rate in Chennai

Silver Price Movement in Chennai, June 2021

Silver Rates	1 Kg
1 ^st June rate	Rs.77,300
30^th June rate	Rs.72,900
Highest rate in June	Rs.77,500 on June 3
Lowest rate in June	Rs.72,900 on June 30
Over all performance	Falling
% Change	-5.69%

Silver Price Movement in Chennai, May 2021

Silver Price Movement in Chennai, April 2021

Silver Price Movement in Chennai, March 2021

Silver Price Movement in Chennai, February 2021

Silver Price Movement in Chennai, January 2021

Silver Rates	1 Kg
1 ^st May rate	Rs.72,800
31^st May rate	Rs.76,800
Highest rate in May	Rs.78,500 on May 18
Lowest rate in May	Rs.72,800 on May 1
Over all performance	Rising
% Change	+5.49%

Silver Rates	1 Kg
1 ^st April rate	Rs.68,500
30^th April rate	Rs.74,000
Highest rate in April	Rs.75,700 on April 22
Lowest rate in April	Rs.67,200 on April 11
Over all performance	Rising
% Change	+8.03%

Silver Rates	1 Kg
1 ^st March rate	Rs.73,300
31^st March rate	Rs.67,300
Highest rate in March	Rs.73,300 on March 1
Lowest rate in March	Rs.67,300 on March 19
Over all performance	Falling
% Change	-8.19%

Silver Rates	1 Kg
1 ^st February rate	Rs.79,200
28^th February rate	Rs.72,500
Highest rate in February	Rs.79,200 on February 1
Lowest rate in February	Rs.72,200 on February 3
Over all performance	Falling
% Change	-8.46%

Silver Rates	1 Kg
1 ^st January rate	Rs.72,400
31^st January rate	Rs.74,600
Highest rate in January	Rs.75,100 on January 6
Lowest rate in January	Rs.69,000 on January 9
Over all performance	Rising
% Change	+3.04%

Where Silver Rates are Headed in Chennai?

A host of international factors will determine how we move in the coming months. Among these include the US Federal Reserve's decision to hike interest rates. If interest rates are hiked in the US, we might see silver prices dipping in line with most markets, as gold too tends to dip. Silver prices in Chennai too would move in line with these rates.

Gold and silver rates in Chennai have both seen an uptick this year. Some silver traders that there maybe a price explosion in the metal, as demand from industrial units are heavy. After the financial crisis of 2008, there was a suatined demand for the metal. However, it has now remained flat for most part of the year. Going ahead it is extremely doubful, if the metal will see a substantial rally.

Disclaimer: There maybe definitely a variance in rates and prices. GoodReturns.in has made every effort to ensure accuracy of information provided; however, Greynium Information Technologies Pvt Ltd, its subsidiaries and associates do not guarantee such accuracy. The rates are for informational purposes only. It is not a solicitation to buy, sell in precious silver. Greynium Information Technologies Pvt Ltd, its subsidiaries, associates do not accept culpability for losses and/or damages arising based on silver information provided. Silver rates are the futures rates across all cities in India and hence there maybe price variation.