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Today’s silver rate across all major cities in India
28 Jan 2021
( Per Gram )
Silver Rates In Kerala for Last 90 Days
Trend of Silver Rate in Kerala for November 2020 (Rates per gram for 1Gram / 1Kg Silver)
Trend of Silver Rate in Kerala for December 2020 (Rates per gram for 1Gram / 1Kg Silver)
Trend of Silver Rate in Kerala for January 2021 (Rates per gram for 1Gram / 1Kg Silver)
Trend of Silver Rate in Kerala for April 2020 (Rates per gram for 1Gram / 1Kg Silver)
Trend of Silver Rate in Kerala for March 2020 (Rates per gram for 1Gram / 1Kg Silver)
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’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.
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.
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.
Minimum Silver Price Per Kg (in Rs.)
Maximum Silver Price Per Kg (in Rs.)
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:
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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