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

Check gold rate in Chennai

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
31^st 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

Silver Rates	1 Kg
1 ^st November rate	Rs.65,300
30^th November rate	Rs.63,300
Highest rate in November	Rs.71,000 on November 9
Lowest rate in November	Rs.63,300 on November 12
Over all performance	Falling
% Change	-3.06%

Silver Rates	1 Kg
1 ^st October rate	Rs.60,700
31^st October rate	Rs.65,300
Highest rate in October	Rs.65,300 on October 31
Lowest rate in October	Rs.60,200 on October 7
Over all performance	Rising
% Change	+7.58%

Silver Rates	1 Kg
1 ^st September rate	Rs.68,700
30^th September rate	Rs.61,000
Highest rate in September	Rs.69,500 on September 15
Lowest rate in September	Rs.57,000 on September 24
Over all performance	Falling
% Change	-11.21%

Silver Rates	1 Kg
1 ^st August rate	Rs.65,110
31^st August rate	Rs.66,600
Highest rate in August	Rs.76,510 on August 7
Lowest rate in August	Rs.65,000 on August 12
Over all performance	Rising
% Change	+2.29%

Silver Rates	1 Kg
1 ^st July rate	Rs.50,050
31^st July rate	Rs.65,000
Highest rate in July	Rs.66,050 on July 29
Lowest rate in July	Rs.48,500 on July 4
Over all performance	Rising
% Change	+29.87%

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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