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.
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 |
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 |
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.