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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

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
    31st 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

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.

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