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Silver Rate in Chennai (19th January 2020)

Jan 19, 2020
49.50 /Gram

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 49.50 49.50 0
8 gram 396 396 0
10 gram 495 495 0
100 gram 4,950 4,950 0
1 Kg 49,500 49,500 0

Silver Rate in Chennai for Last 10 Days

Date 10 gram 100 gram 1 Kg
Jan 19, 2020 495.00 4,950.00 49500.00 0
Jan 18, 2020 495.00 4,950.00 49500.00 100
Jan 17, 2020 494.00 4,940.00 49400.00 100
Jan 16, 2020 493.00 4,930.00 49300.00 300
Jan 15, 2020 490.00 4,900.00 49000.00 100
Jan 14, 2020 489.00 4,890.00 48900.00 -100
Jan 13, 2020 490.00 4,900.00 49000.00 -160
Jan 12, 2020 491.60 4,916.00 49160.00 10
Jan 11, 2020 491.50 4,915.00 49150.00 50
Jan 10, 2020 491.00 4,910.00 49100.00 -400

Weekly & Monthly Graph of Silver Price in India

Historical Price of Silver Rate in Chennai

  • Silver Price Movement in Chennai, December 2019
  • Silver Rates 1 Kg
    1 st December rate Rs.46,650
    31st December rate Rs.49,350
    Highest rate in December Rs.49,350 on December 28
    Lowest rate in December Rs.46,650 on December 2
    Over all performance Rising
    % Change +5.79%
  • Silver Price Movement in Chennai, November 2019
  • Silver Price Movement in Chennai, October 2019
  • Silver Price Movement in Chennai, September 2019
  • Silver Price Movement in Chennai, August 2019
  • Silver Price Movement in Chennai, July 2019

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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