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Silver Rate in Chennai (4th August 2020)

Aug 4, 2020
65.41 /Gram 0.01

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 65.41 65.40 0.01
8 gram 523.28 523.20 0.08
10 gram 654.10 654 0.10
100 gram 6,541 6,540 1
1 Kg 65,410 65,400 10

Silver Rate in Chennai for Last 10 Days

Date 10 gram 100 gram 1 Kg
Aug 4, 2020 654.10 6,541.00 65410.00 10
Aug 3, 2020 654.00 6,540.00 65400.00 280
Aug 2, 2020 651.20 6,512.00 65120.00 10
Aug 1, 2020 651.10 6,511.00 65110.00 110
Jul 31, 2020 650.00 6,500.00 65000.00 2000
Jul 30, 2020 630.00 6,300.00 63000.00 -3050
Jul 29, 2020 660.50 6,605.00 66050.00 50
Jul 28, 2020 660.00 6,600.00 66000.00 1300
Jul 27, 2020 647.00 6,470.00 64700.00 3490
Jul 26, 2020 612.10 6,121.00 61210.00 10

Weekly & Monthly Graph of Silver Price in India

Historical Price of Silver Rate in Chennai

  • Silver Price Movement in Chennai, July 2020
  • Silver Rates 1 Kg
    1 st July rate Rs.50,050
    31st 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%
  • Silver Price Movement in Chennai, June 2020
  • Silver Price Movement in Chennai, May 2020
  • Silver Price Movement in Chennai, April 2020
  • Silver Price Movement in Chennai, March 2020
  • Silver Price Movement in Chennai, February 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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