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Silver Rate in Chennai (2nd December 2021)

Dec 2, 2021
65 /Gram -1.30

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 66.30 -1.30
8 gram 520 530.40 -10.40
10 gram 650 663 -13
100 gram 6,500 6,630 -130
1 Kg 65,000 66,300 -1,300

Silver Rate in Chennai for Last 10 Days

Date 10 gram 100 gram 1 Kg
Dec 2, 2021 650.00 6,500.00 65000.00 -1300
Dec 1, 2021 663.00 6,630.00 66300.00 -200
Nov 30, 2021 665.00 6,650.00 66500.00 -1100
Nov 29, 2021 676.00 6,760.00 67600.00 400
Nov 28, 2021 672.00 6,720.00 67200.00 0
Nov 27, 2021 672.00 6,720.00 67200.00 -700
Nov 26, 2021 679.00 6,790.00 67900.00 100
Nov 25, 2021 678.00 6,780.00 67800.00 200
Nov 24, 2021 676.00 6,760.00 67600.00 -1900
Nov 23, 2021 695.00 6,950.00 69500.00 -900

Weekly & Monthly Graph of Silver Price in India

Historical Price of Silver Rate in Chennai

  • Silver Price Movement in Chennai, November 2021
  • Silver Rates 1 Kg
    1 st November rate Rs.68,700
    30th November rate Rs.66,500
    Highest rate in November Rs.71,700 on November 13
    Lowest rate in November Rs.66,500 on November 11
    Over all performance Falling
    % Change -3.20%
  • Silver Price Movement in Chennai, October 2021
  • Silver Price Movement in Chennai, September 2021
  • Silver Price Movement in Chennai, August 2021
  • Silver Price Movement in Chennai, July 2021
  • Silver Price Movement in Chennai, June 2021

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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