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Silver Rate in Chennai (20th January 2021)

Jan 20, 2021
71.30 /Gram 0.60

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 71.30 70.70 0.60
8 gram 570.40 565.60 4.80
10 gram 713 707 6
100 gram 7,130 7,070 60
1 Kg 71,300 70,700 600

Silver Rate in Chennai for Last 10 Days

Date 10 gram 100 gram 1 Kg
Jan 20, 2021 713.00 7,130.00 71300.00 600
Jan 19, 2021 707.00 7,070.00 70700.00 700
Jan 18, 2021 700.00 7,000.00 70000.00 300
Jan 17, 2021 697.00 6,970.00 69700.00 0
Jan 16, 2021 697.00 6,970.00 69700.00 -900
Jan 15, 2021 706.00 7,060.00 70600.00 300
Jan 14, 2021 703.00 7,030.00 70300.00 0
Jan 13, 2021 703.00 7,030.00 70300.00 -100
Jan 12, 2021 704.00 7,040.00 70400.00 800
Jan 11, 2021 696.00 6,960.00 69600.00 600

Weekly & Monthly Graph of Silver Price in India

Historical Price of Silver Rate in Chennai

  • Silver Price Movement in Chennai, December 2020
  • Silver Rates 1 Kg
    1 st December rate Rs.64,800
    31st December rate Rs.72,300
    Highest rate in December Rs.73,700 on December 21
    Lowest rate in December Rs.64,800 on December 1
    Over all performance Rising
    % Change +11.57%
  • Silver Price Movement in Chennai, November 2020
  • Silver Price Movement in Chennai, October 2020
  • Silver Price Movement in Chennai, September 2020
  • Silver Price Movement in Chennai, August 2020
  • Silver Price Movement in Chennai, July 2020

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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