Silver Rate in Chennai

23rd Nov 2017

42,612.00

Today MCX silver price in rupees per 1 kg.

Today silver price in india is 42,612.00 rupees per Kg

Per Gram Silver Price Today in Chennai
Rs. 42.61
1 Kg Silver Price Today in Chennai
Rs. 42,612.00

Silver Rate in Chennai Per Gram (INR)

  1 Gram 10 Gram 100 Gram 1 Kg Change(%)
Yesterday 42.61 426.1 4261 42612.00 0 %
Today 42.63 426.3 4263 42631.00 0 %

Silver Rate In Chennai

Chennai is one of the leading consumers of silver in the country. The people in Chennai adore silver not just as jewellery or ornaments, but also as a safe investment with high liquidity. Silver rates in Chennai are a reflection of the global demand and supply chain. The price of silver in Chennai saw a significant increase at the beginning of the year, with January recording an upshot of 7.33%. The trend further moved upwards in February but only to decline in March by 4.21%.

The rate of silver saw a downward movement in April as well, with the overall fall being recorded at 5.63%. The current silver rate in Chennai is in continuation of this trend. Many factors have been attributed to the rise and fall in prices. The excise duty levied by the government in Chennai on silver is expected to alter its price in a serious way. We have given today’s silver rate in Chennai for those who wish to buy the precious metal.

Silver Rate in Chennai for Last 10 Days

Year
SILVER (in Gm)
1 GRAM 10 GRAM
SILVER (in Kg)
1 Kg 10 Kg
23 November 2017 Rs. 42.61 Rs. 426.1 Rs. 42612.00 Rs. 426120
22 November 2017 Rs. 42.63 Rs. 426.3 Rs. 42631.00 Rs. 426310
21 November 2017 Rs. 43.16 Rs. 431.6 Rs. 43156.00 Rs. 431560
20 November 2017 Rs. 43.34 Rs. 433.4 Rs. 43335.00 Rs. 433350
19 November 2017 Rs. 43.34 Rs. 433.4 Rs. 43335.00 Rs. 433350
18 November 2017 Rs. 42.84 Rs. 428.4 Rs. 42843.00 Rs. 428430
17 November 2017 Rs. 42.83 Rs. 428.3 Rs. 42827.00 Rs. 428270
16 November 2017 Rs. 42.90 Rs. 429 Rs. 42896.00 Rs. 428960
15 November 2017 Rs. 42.73 Rs. 427.3 Rs. 42731.00 Rs. 427310
14 November 2017 Rs. 42.66 Rs. 426.6 Rs. 42655.00 Rs. 426550

Comparison for 1 Gram Silver Rates for Chennai (In Rupees/Gram)

Historical Price of Silver Rate in Chennai

Silver is the Talk of the Day for Metropolitan Cities

It has been seen more often than not; it is the international rates of metal that seem to set the price for its buying or selling in big metropolitan cities. Silver price in Chennai is one such example that eventually gets set owing to various dynamics and factors present in the market.

What Makes Silver Popular in Chennai?

Silver’s outstanding growth in terms of buying and selling in the Indian context is largely set by the fact the country happens to have a place on the map as one of the top 3 destinations. Chennai as a metropolitan city has one of the biggest customer bases. The metal being consumed either as jewelry or silverware sets the Chennai silver rate. A religious city, the rate of silver in Chennai happens to underline that here it is more about individual consumption than industrial.

In comparison, the metal is used extensively in the world for industrial purposes. The price of silver in Chennai due to this affects greatly the ongoing price of jewelry and ornaments which also serves as a part of people’s investments. The investments are always considered to be a safe bet when projected and set in the broader perspective of the day to day living of middle or lower income groups of people. Even the upward mobile class also has an inclination for silver.