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 Today	Silver Rate Yesterday	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

Check gold rate in Chennai

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
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%

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

Silver Rates	1 Kg
1 ^st June rate	Rs.50,150
30^th June rate	Rs.48,550
Highest rate in June	Rs.50,160 on June 2
Lowest rate in June	Rs.47,100 on June 15
Over all performance	Falling
% Change	-3.19%

Silver Rates	1 Kg
1 ^st May rate	Rs.41,000
31^st May rate	Rs.50,110
Highest rate in May	Rs.50,110 on May 31
Lowest rate in May	Rs.41,000 on May 1
Over all performance	Rising
% Change	+22.22%

Silver Rates	1 Kg
1 ^st April rate	Rs.39,940
30^th April rate	Rs.42,520
Highest rate in April	Rs.42,700 on April 20
Lowest rate in April	Rs.39,940 on April 1
Over all performance	Rising
% Change	+6.46%

Silver Rates	1 Kg
1 ^st March rate	Rs.48,500
31^st March rate	Rs.39,480
Highest rate in March	Rs.51,080 on March 6
Lowest rate in March	Rs.39,480 on March 31
Over all performance	Falling
% Change	-18.60%

Silver Rates	1 Kg
1 ^st February rate	Rs.49,990
29^th February rate	Rs.48,500
Highest rate in February	Rs.51,500 on February 24
Lowest rate in February	Rs.48,000 on February 5
Over all performance	Falling
% Change	-2.98%

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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