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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
Silver Rate
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

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
    30th 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

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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