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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

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
    30th 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

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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