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Today Silver Rates In Kerala

25 Jul 2021

gold rate

₹67.47

( Per Gram )

gold rate

₹67467

1 Kg

TodayYesterdayChange(%)
1 gram67.4767.52-0.07%
10 gram6746767513-0.07%

Silver Rates In Kerala for Last 90 Days

25 Jul 2021

Date1 gramBar Silver 1KG
2021-07-2567.4767,467
2021-07-2468.5267,513
2021-07-2368.0868,084
2021-07-2268.7567,746
2021-07-2167.8866,881
2021-07-2068.6267,618
2021-07-1969.9668,965
2021-07-1869.9768,970
2021-07-1769.9968,990
2021-07-1671.6670,662
2021-07-1570.2870,283
2021-07-1470.8269,819
2021-07-1370.3670,358
2021-07-1270.9969,989
2021-07-1170.9969,989
2021-07-1070.2070,197
2021-07-0970.8269,817
2021-07-0870.4670,463
2021-07-0770.4770,467
2021-07-0671.7970,795
2021-07-0571.9470,947
2021-07-0471.9470,947
2021-07-0371.9870,982
2021-07-0270.9069,901
2021-07-0170.8769,863
2021-06-3069.9868,987
2021-06-2970.8269,822
2021-06-2870.7769,762
2021-06-2770.7369,728
2021-06-2670.5569,551
2021-06-2569.4069,400
2021-06-2469.2569,253
2021-06-2369.0869,080
2021-06-2269.4169,405
2021-06-1969.0769,072
2021-06-1869.4369,429
2021-06-1773.6172,612
2021-06-1673.0473,039
2021-06-1573.4473,435
2021-06-1474.6273,614
2021-06-1374.6273,614
2021-06-1274.7273,716
2021-06-1173.4573,444
2021-06-1073.2173,219
2021-06-0973.6572,652
2021-06-0873.2073,199
2021-06-0773.9672,966
2021-06-0673.9672,966
2021-06-0573.8572,851
2021-06-0472.1972,194
2021-06-0374.9473,936
2021-06-0273.2873,284
2021-06-0173.1973,196
2021-05-3173.7772,769
2021-05-3073.7772,769
2021-05-2973.5672,562
2021-05-2873.9072,902
2021-05-2772.4572,451
2021-05-2673.3273,325
2021-05-2573.8072,807
2021-05-2472.3472,342
2021-05-2372.3472,342
2021-05-2272.3872,379
2021-05-2173.9472,939
2021-05-2073.5172,507
2021-05-1974.2274,222
2021-05-1874.3074,304
2021-05-1772.3472,339
2021-05-1672.3472,339
2021-05-1572.2272,215
2021-05-1472.6371,628
2021-05-1372.9171,905
2021-05-1273.8572,851
2021-05-1172.2472,235
2021-05-1072.4372,429
2021-05-0972.4372,429
2021-05-0872.4072,396
2021-05-0772.4072,399
2021-05-0670.3370,334
2021-05-0570.2770,273
2021-05-0471.4471,434
2021-05-0369.1169,115
2021-05-0269.1169,115
2021-05-0169.1169,115
2021-04-3069.4069,399
2021-04-2970.3170,307
2021-04-2871.6270,617
2021-04-2770.4470,439
2021-04-2670.0870,076
2021-04-2570.0870,076

Historical Price of Silver Rate In Kerala

Trend of Silver Rate in Kerala for February 2021 (Rates per gram for 1Gram / 1Kg Silver)

Silver Rates1 gram1 Kg
February 1st Rate71.6870,682
February 28th Rate65.2565,252
Highest February Rate76.0576,045
Lowest February Rate65.2565,252

Trend of Silver Rate in Kerala for March 2021 (Rates per gram for 1Gram / 1Kg Silver)

Silver Rates1 gram1 Kg
March 1st Rate63.1663,164
March 31th Rate71.6870,682
Highest March Rate71.7270,721
Lowest March Rate63.1663,164

Trend of Silver Rate in Kerala for April 2021 (Rates per gram for 1Gram / 1Kg Silver)

Silver Rates1 gram1 Kg
April 1st Rate69.4069,399
April 30th Rate64.2764,271
Highest April Rate72.9371,928
Lowest April Rate64.2764,271

Trend of Silver Rate in Kerala for May 2021 (Rates per gram for 1Gram / 1Kg Silver)

Silver Rates1 gram1 Kg
May 1st Rate73.7772,769
May 31th Rate69.1169,115
Highest May Rate74.374,304
Lowest May Rate69.1169,115

Trend of Silver Rate in Kerala for June 2021 (Rates per gram for 1Gram / 1Kg Silver)

Silver Rates1 gram1 Kg
June 1st Rate69.9868,987
June 30th Rate73.1973,196
Highest June Rate74.9473,936
Lowest June Rate69.9868,987

Trend of Silver Rate in Kerala for July 2021 (Rates per gram for 1Gram / 1Kg Silver)

Silver Rates1 gram1 Kg
July 1st Rate67.4767,467
July 25th Rate70.8769,863
Highest July Rate71.9870,982
Lowest July Rate67.8866,881

Introduction

Silver is also known as ‘poor man’s gold’ across India. Millions of Indians prefer to invest in silver and buy it in various forms. Silver prices are often influenced by various factors including its demand in industrial metal consumption. Statistics suggest that nearly 73% of the total silver production around the world is being used in various industries primarily for battery and mobile manufacturing and also in the soldering process, satellite production, etc. Silver is also considered to be one of the most precious investments by Indian households.

When it comes to the state of Kerala, fondly known as God’s Own Country, multiple jewellery stores are offering a wide range of silver jewellery designs. Silver gifts and artefacts are commonly purchased in the state. Silver bars of common denominations such as 50g and 100g are most sought after. There is heavy demand for silver since it can be sold at competitive rates as per the certification it carries. Silver is also considered auspicious in Kerala because it is used in various rituals as part of the tradition.

Kerala and the Silver Connection

Kerala’s economy is largely dependent on various commercial activities and earnings from tourism. Keralites have a special attachment with Silver. Silverware, jewellery, and other decorative items can be seen in almost all homes in Kerala. Purchasing silver is believed as a sign of financial prosperity in the state. The demand for silver has had nothing to do with its affordability, especially in the middle- and lower-income segments. Thus, Kerala has always been a great marketplace for silver trading as there are always buyers and sellers for this precious metal.

Silver Investment in Kerala

Despite the price fluctuations of Silver across the country, its demand has always remained stable in Kerala, especially in rural areas of the state. Kerala has always been a great marketplace for buyers and sellers of Silver.

Kerala is the main hub of silver manufacturing as well as trading as far as the Southern Indian region is concerned. The state’s local craftsmen are also well-known across the globe. The state boasts of more than 3000 silver traders & manufacturers. Some of the well-known jewellers in the state include Joyalukkas, Tribhovandas Bhimji Zaveri, Tanishq, Fashion Silver Mahal, etc.

There are multiple factors which influence the price of silver. Some of these include the demand for silver in the form of industrial metal. Apart from household demand, silver is popular as industrial input.

Categories of Silver Investments

Physical Silver: Physical silver products is one of the oldest and most preferred investment modes in Kerala. Since ancient times, people have loved to invest in physical silver, especially people from Kerala who are more comfortable with this form. In the retail market, Silver can be bought as jewellery form, bars and coins. Various customary traditions in Kerala require silverware and ornaments and the usage of silver jewellery in daily lives is also very common. This provides umpteen selling opportunities to the medium & small scale retailers across the state.

Kerala has the maximum presence of silver jewellery as compared to the rest of the country. Silver coins and bars are also a preferred form of investment among the people of Kerala. The silver bullions in Kerala come with international purity standards at competitive rates. Silver investment can prove to be beneficial especially while considering long term returns combined with the liquidity option. Since the silver demand never dies down, there are higher chances of fetching good returns as compared to other investment options such as debt or equity. Silver presents numerous investment options and it can also be bought in various quantities as per individual capability. It is also easily available with various jewellers, silver stores, and even banks.

Silver commodity trading: Keeping the conventional silver investment aside, there is also silver market trading which is a profitable avenue for investment. Here, investors can choose various options like spot & future silver contracts. Kozhikode and Kannur are known as the primary trading markets for this precious metal. Silver ETFs are also traded on the Bombay stock exchange (BSE) in India. While indulging in silver commodity trading on a stock exchange, one must know the rules and conditions of the trade before entering into a trading contract.

Silver contracts: Top commodity exchanges like MCX or NCDEX offer investors the opportunity to trade in silver futures. Silver trading is an easier form of investment since it has a transparent pricing mechanism, internationally competitive rates and nominal transaction fees. In recent years, e-trading in silver has gained large popularity in Kerala as the smallest of businessmen don’t hesitate from using this option of silver investment.

Banks / Financial Institutions: Many public and private sector banks in Kerala offer silver investment options like silver Coins and bars. While the prices offered by banks may be slightly higher as compared to market rates, the purity is of the highest level and therefore, investors prefer to buy certified silver from banks. Banks usually offer imported silver which is internationally certified. This makes it easier for investors to sell and make higher returns.

Historical Silver Rates in Kerala

Period

Minimum Silver Price Per Kg (in Rs.)

Maximum Silver Price Per Kg (in Rs.)

September 2020

58,500

76,500

August 2020

65,010

76,520

July 2020

48,510

66,060

June 2020

47,110

50,160

May 2020

41,010

51,400

April 2020

40,360

42,710

March 2020

37,800

50,700

February 2020

47,400

52,900

January 2020

49,200

52,600

Factors Influencing Silver Rates

There are many factors which influence silver rates in India. While the silver rates have witnessed a spike over the last 2 decades, going by historical trends, this cannot be considered a benchmark for future price expectations. Silver investments have witnessed a dramatic spike in the country as investors look to gain higher resale value from future sales.

Some of the key factors influencing silver rates are:

  • More buyers
  • Daily oil prices
  • Industrial demand
  • Dollar rate fluctuations
  • Import duties and subsidies

FAQs

1. Where do I get the best quality silver products in Kerala?

The best quality silver products can be bought from any leading silver jewellers and established stores in Kerala.

2. What are the factors that influence the silver rate in Kerala?

The common factors that influence the silver rate in Kerala are the ongoing trends in the equities market, demand for bullion as compared to silver, etc. The dollar value and rupee value also influence the changing silver rates.

3. Do silver rates in Kerala change every day?

The silver rate in Kerala changes frequently because of many factors such as the trend in bullion prices and also fluctuations in the equities market. Crude oil prices also play an important role in silver price movements. The value of rupee and dollar rates in the international market tend to influence silver rates equally.

4. How is the silver rate derived?

Daily silver rate is calculated by considering factors such as crude oil prices, geopolitical factors, dollar value, industrial demand of silver, policy changes affecting import duties, etc.

5. How do I buy silver at best rates in Kerala?

If you are looking to buy silver at the best rates in Kerala, you must consider various available prices as offered by silver jewellers and different sellers. This process can help in gauging the best rate of silver while ensuring that you buy the topmost quality for better resale value.

6. What are the factors that I should consider while buying silver?

Always check for the silver quality along with the prices. Make sure that the form of silver you purchase has a reliable quality mark. This will help in fetching better resale value.

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