Silver Rate in Chennai (24th August 2017)

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	₹ 42.45	₹ 42.60	₹ -0.15
8 gram	₹ 339.60	₹ 340.80	₹ -1.20
10 gram	₹ 424.50	₹ 426	₹ -1.50
100 gram	₹ 4,245	₹ 4,260	₹ -15
1 Kg	₹ 42,450	₹ 42,600	₹ -150

Check gold rate in Chennai

Silver Rate in Chennai for Last 10 Days

Date	10 gram	100 gram	1 Kg
Aug 23, 2017	₹ 424.50	₹ 4,245.00	₹ 42450.00
Aug 22, 2017	₹ 426.00	₹ 4,260.00	₹ 42600.00
Aug 21, 2017	₹ 425.00	₹ 4,250.00	₹ 42500.00
Aug 19, 2017	₹ 425.50	₹ 4,255.00	₹ 42550.00
Aug 18, 2017	₹ 422.00	₹ 4,220.00	₹ 42200.00
Aug 17, 2017	₹ 422.00	₹ 4,220.00	₹ 42200.00
Aug 16, 2017	₹ 422.00	₹ 4,220.00	₹ 42200.00
Aug 14, 2017	₹ 422.50	₹ 4,225.00	₹ 42250.00
Aug 12, 2017	₹ 423.80	₹ 4,238.00	₹ 42380.00
Aug 11, 2017	₹ 410.00	₹ 4,100.00	₹ 41000.00

Weekly & Monthly Graph of Silver Price in India

Historical Price of Silver Rate in Chennai

Silver Price Movement in Chennai, July 2017

Silver Rates	1 Kg
1 ^st July rate	Rs.40,050
31^st July rate	Rs.41,150
Highest rate in July	Rs.41,200 on July 28
Lowest rate in July	Rs.38,800 on July 6
Over all performance	Rising
% Change	+2.75%

Silver Price Movement in Chennai, June 2017

Silver Price Movement in Chennai, May 2017

Silver Price Movement in Chennai, April 2017

Silver Price Movement in Chennai, March 2017

Silver Price Movement in Chennai, February 2017

Silver Rates	1 Kg
1 ^st June rate	Rs.40,800
30^th June rate	Rs.40,200
Highest rate in June	Rs.42,350 on June 6
Lowest rate in June	Rs.40,200 on June 20
Over all performance	Falling
% Change	-1.47%

Silver Rates	1 Kg
1 ^st May rate	Rs.40,211
31^st May rate	Rs.40,650
Highest rate in May	Rs.41,550 on May 29
Lowest rate in May	Rs.37,728 on May 17
Over all performance	Rising
% Change	+1.09%

Silver Rates	1 Kg
1 ^st April rate	Rs.45,329
30^th April rate	Rs.42,776
Highest rate in April	Rs.45,900 on April 2
Lowest rate in April	Rs.40,206 on April 29
Over all performance	Falling
% Change	-5.63%

Silver Rates	1 Kg
1 ^st March rate	Rs.43,298
31^st March rate	Rs.41,335
Highest rate in March	Rs.44,203 on March 10
Lowest rate in March	Rs.40,940 on March 22
Over all performance	Falling
% Change	-4.53%

Silver Rates	1 Kg
1 ^st February rate	Rs.44,775
28^th February rate	Rs.43,298
Highest rate in February	Rs.45,546 on February 13
Lowest rate in February	Rs.0 on February 2
Over all performance	Falling
% Change	-3.30%

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: The silver rates are sourced from local jewellers in the city. There maybe 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.