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Silver Rate in Chennai (1st May 2020)

May 1, 2020
41 /Gram -1.52

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 41 42.52 -1.52
8 gram 328 340.16 -12.16
10 gram 410 425.20 -15.20
100 gram 4,100 4,252 -152
1 Kg 41,000 42,520 -1,520

Silver Rate in Chennai for Last 10 Days

Date 10 gram 100 gram 1 Kg
May 1, 2020 410.00 4,100.00 41000.00 -1520
Apr 30, 2020 425.20 4,252.00 42520.00 1010
Apr 29, 2020 415.10 4,151.00 41510.00 10
Apr 28, 2020 415.00 4,150.00 41500.00 -700
Apr 27, 2020 422.00 4,220.00 42200.00 -400
Apr 26, 2020 426.00 4,260.00 42600.00 10
Apr 25, 2020 425.90 4,259.00 42590.00 60
Apr 24, 2020 425.30 4,253.00 42530.00 110
Apr 23, 2020 424.20 4,242.00 42420.00 1010
Apr 22, 2020 414.10 4,141.00 41410.00 -240

Weekly & Monthly Graph of Silver Price in India

Historical Price of Silver Rate in Chennai

  • Silver Price Movement in Chennai, April 2020
  • Silver Rates 1 Kg
    1 st April rate Rs.39,940
    30th April rate Rs.42,520
    Highest rate in April Rs.42,700 on April 20
    Lowest rate in April Rs.39,940 on April 1
    Over all performance Rising
    % Change +6.46%
  • Silver Price Movement in Chennai, March 2020
  • Silver Price Movement in Chennai, February 2020
  • Silver Price Movement in Chennai, January 2020
  • Silver Price Movement in Chennai, December 2019
  • Silver Price Movement in Chennai, November 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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