Silver Rate in Chennai (14th May 2021)

May 14, 2021

76 /Gram 0.10

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	76	75.90	0.10
8 gram	608	607.20	0.80
10 gram	760	759	1
100 gram	7,600	7,590	10
1 Kg	76,000	75,900	100

Check gold rate in Chennai

Silver Rate in Chennai for Last 10 Days

Date	10 gram	100 gram	1 Kg
May 13, 2021	760.00	7,600.00	76000.00 ( 100 )
May 12, 2021	759.00	7,590.00	75900.00 ( -100 )
May 11, 2021	760.00	7,600.00	76000.00 ( -500 )
May 10, 2021	765.00	7,650.00	76500.00 ( 400 )
May 9, 2021	761.00	7,610.00	76100.00 ( 0 )
May 8, 2021	761.00	7,610.00	76100.00 ( 0 )
May 7, 2021	761.00	7,610.00	76100.00 ( 1900 )
May 6, 2021	742.00	7,420.00	74200.00 ( 200 )
May 5, 2021	740.00	7,400.00	74000.00 ( -1300 )
May 4, 2021	753.00	7,530.00	75300.00 ( 1800 )

Weekly & Monthly Graph of Silver Price in India

Historical Price of Silver Rate in Chennai

Silver Price Movement in Chennai, April 2021

Silver Rates	1 Kg
1 ^st April rate	Rs.68,500
30^th April rate	Rs.74,000
Highest rate in April	Rs.75,700 on April 22
Lowest rate in April	Rs.67,200 on April 11
Over all performance	Rising
% Change	+8.03%

Silver Price Movement in Chennai, March 2021

Silver Price Movement in Chennai, February 2021

Silver Price Movement in Chennai, January 2021

Silver Price Movement in Chennai, December 2020

Silver Price Movement in Chennai, November 2020

Silver Rates	1 Kg
1 ^st March rate	Rs.73,300
31^st March rate	Rs.67,300
Highest rate in March	Rs.73,300 on March 1
Lowest rate in March	Rs.67,300 on March 19
Over all performance	Falling
% Change	-8.19%

Silver Rates	1 Kg
1 ^st February rate	Rs.79,200
28^th February rate	Rs.72,500
Highest rate in February	Rs.79,200 on February 1
Lowest rate in February	Rs.72,200 on February 3
Over all performance	Falling
% Change	-8.46%

Silver Rates	1 Kg
1 ^st January rate	Rs.72,400
31^st January rate	Rs.74,600
Highest rate in January	Rs.75,100 on January 6
Lowest rate in January	Rs.69,000 on January 9
Over all performance	Rising
% Change	+3.04%

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 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%

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.