Silver Rate in Chennai (19th January 2020)

Jan 19, 2020

49.50 /Gram

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	49.50	49.50	0
8 gram	396	396	0
10 gram	495	495	0
100 gram	4,950	4,950	0
1 Kg	49,500	49,500	0

Check gold rate in Chennai

Silver Rate in Chennai for Last 10 Days

Date	10 gram	100 gram	1 Kg
Jan 19, 2020	495.00	4,950.00	49500.00 ( 0 )
Jan 18, 2020	495.00	4,950.00	49500.00 ( 100 )
Jan 17, 2020	494.00	4,940.00	49400.00 ( 100 )
Jan 16, 2020	493.00	4,930.00	49300.00 ( 300 )
Jan 15, 2020	490.00	4,900.00	49000.00 ( 100 )
Jan 14, 2020	489.00	4,890.00	48900.00 ( -100 )
Jan 13, 2020	490.00	4,900.00	49000.00 ( -160 )
Jan 12, 2020	491.60	4,916.00	49160.00 ( 10 )
Jan 11, 2020	491.50	4,915.00	49150.00 ( 50 )
Jan 10, 2020	491.00	4,910.00	49100.00 ( -400 )

Weekly & Monthly Graph of Silver Price in India

Historical Price of Silver Rate in Chennai

Silver Price Movement in Chennai, December 2019

Silver Rates	1 Kg
1 ^st December rate	Rs.46,650
31^st December rate	Rs.49,350
Highest rate in December	Rs.49,350 on December 28
Lowest rate in December	Rs.46,650 on December 2
Over all performance	Rising
% Change	+5.79%

Silver Price Movement in Chennai, November 2019

Silver Price Movement in Chennai, October 2019

Silver Price Movement in Chennai, September 2019

Silver Price Movement in Chennai, August 2019

Silver Price Movement in Chennai, July 2019

Silver Rates	1 Kg
1 ^st November rate	Rs.48,500
30^th November rate	Rs.46,650
Highest rate in November	Rs.48,840 on November 14
Lowest rate in November	Rs.39,000 on November 2
Over all performance	Falling
% Change	-3.81%

Silver Rates	1 Kg
1 ^st October rate	Rs.48,100
31^st October rate	Rs.48,950
Highest rate in October	Rs.48,950 on October 31
Lowest rate in October	Rs.45,750 on October 3
Over all performance	Rising
% Change	+1.77%

Silver Rates	1 Kg
1 ^st September rate	Rs.50,200
30^th September rate	Rs.48,500
Highest rate in September	Rs.53,200 on September 9
Lowest rate in September	Rs.48,500 on September 30
Over all performance	Falling
% Change	-3.39%

Silver Rates	1 Kg
1 ^st August rate	Rs.44,965
31^st August rate	Rs.48,500
Highest rate in August	Rs.49,160 on August 27
Lowest rate in August	Rs.44,522 on August 10
Over all performance	Rising
% Change	+7.86%

Silver Rates	1 Kg
1 ^st July rate	Rs.40,578
31^st July rate	Rs.44,965
Highest rate in July	Rs.44,965 on July 31
Lowest rate in July	Rs.40,560 on July 9
Over all performance	Rising
% Change	+10.81%

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.

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