There are several major jewellery stores across Kerala which offer a wide variety of jewellery designs. Silver gift articles and artefacts are also commonplace. Silver bars of various denominations such as 50g and 100g are also bought. The bars are sold at competitive prices may come with assay certification. Silver is utilized for various ritualistic purposes as well.
Trend of Silver Rate in Kerala for May 2018 (rates per kg)
May 2018- Week 1 (1st – 6th)
- In Kerala, the week commenced with the industrial metal prices holding at Rs.42,000 per kg on the 1st amid the strengthened dollar and equities.
- However, the dollar lost against a basket of other currencies with the Fed Reserve raising its benchmark interest rates as planned.
- On the 3rd, the white metal was recorded trading at Rs.42,600 per kg amid the firm trend overseas.
- An incline in demand from local industrial units and coin makers coupled with positive global cues led to silver rate in Kerala surging over the next few days.
- The week concluded with silver price in Kerala holding at Rs.43,200 per kg on the 6th amid the firm trend overseas.
Trend of Silver Rate in Kerala for April 2018 (rates per kg)
| Parameters | Silver price (per kg) |
| April 1 Rate | Rs.41,400 per kg |
| April 30 Rate | Rs.42,300 per kg |
| Highest Rate in April | Rs.43,800 per kg on 20 and 22 April |
| Lowest Rate in April | Rs.41,000 per kg on 5 April |
| Overall Monthly Performance | Incline |
| Percentage Change | 2.17% |
April 2018- Week 1 (1st-7th)
- There was no change in the price of silver as the week began, with the metal trading at Rs.41,400 per kg on 1 April.
- Consistent demand from local industrial units also kept demand relatively stable as the week began.
- A sharp drop across equity markets led to silver prices surging to Rs.41,600 per kg on 3 April as investors rushed to invest in safe-haven assets to hedge equity losses.
- A U.S. Dollar sell-off also kept silver prices stable, though a dip in local demand led to silver price in Kerala falling to Rs.41,500 per kg on 4 April.
- Demand for the industrial metal continued to drop as silver prices fell to Rs.41,000 per kg on 5 April.
- The week ended with silver trading slightly higher at Rs.41,200 per kg on 7 April.
April 2018- Week 2 (8th -15th)
- Silver opened at Rs.41,200 per kg when the second week of April commenced.
- As demand was flat, silver continued to trade at Rs.41,200 per kg, which rose slightly to Rs.41,300 per kg on 10th April.
- The 11th saw silver prices in Kerala go up to Rs.41,700 per kg as demand went up before rising again to Rs.42,000 per kg on the 12th as demand was steady from local coin makers and industrial units.
- A slowdown in demand was witnessed on the 13th and silver prices in Kerala dropped to Rs.41,600 per kg due to this.
- Over the 14th and 15th of April, silver traded at Rs.41,900 per investors improved their positions after stock markets plummeted due to the Syrian airstrikes.
April 2018 – Week 3 (16th – 22nd)
- In Kerala, the white metal opened trading at Rs.42,100 per kg on the 16th with investors assessing the possible consequences of the US led-missile attack on Syria.
- Positive trends overseas coupled with steady demand from local industrial units and coin makers led to silver prices rising to Rs.42,500 per kg on the 18th.
- On the 19th, silver rates in Kerala surged to Rs.43,700 per kg as inflationary concerns resurfaced on the markets amid the well-performing bullion market.
- Silver rate in Kerala rose to Rs.43,800 per kg on the 20th following an increase in domestic offtake by industries and coin makers amid the firm trends overseas.
- The week concluded with the industrial metal holding firm at Rs.43,800 per kg on the 22nd with steady demand from coin makers and industries amid strong global cues.
April 2018 – Week 4 (23rd – 30th):
- Silver was priced at Rs.43,700 per kg when the final week of April opened for trading.
- Due to demand declining amid poor cues, silver rates in Kerala dropped to Rs.43,000 per kg on the 24th.
- The remaining days saw silver prices fluctuate considerably as demand was quite weak for the most part.
- On the 25th, silver price in Kerala rose slightly to Rs.43,100 per kg before dropping back down to Rs.43,000 per kg the next day.
- During the 27th, silver rate in Kerala fell further to Rs.42,800 per kg as demand saw little signs of picking up.
- Silver traded at Rs.42,800 per kg on the 28th as well before dropping quite a bit to trade at Rs.42,300 per kg on the final day of this week.
Trend of Silver Rate in Kerala for March 2018 (rates per kg)
| Parameters | Silver price (per kg) |
| Silver Rate on 1st March 2018 | Rs.41,100 per kg |
| Silver Rate on 31st March 2018 | Rs.41,400 per kg |
| Highest Rate in March | Rs.41,900 per kg on 7 March |
| Lowest Rate in March | Rs.41,000 per kg on 19 and 21 March |
| Overall Monthly Performance | Incline |
| Percentage Change | 0.72% |
March 2018 – Week 1 (1 – 5):
- The silver price in Kerala reflected patterns seen across other major Indian cities, with a rise in price observed after the drop in equity markets.
- Silver was priced at Rs.41,100 per kg as the month opened in Kerala before prices rose to Rs.41,400 per kg on 2 March.
- The announcement of tariffs on aluminium and steel imports into the United States took the markets by surprise as major bourses were in the red.
- Investors and industrial units scrambled to capitalise on the drop in the dollar rate and increased demand for bullion.
- Silver rate in Kerala rose to Rs.41,600 per kg on 3 March and remained constant for the rest of the week.
March 2018 – Week 2 (5-11):
- Silver was trading at Rs.41,700 per kg on the 5th of March in Kerala.
- This fell to Rs.41,400 per kg the next day as demand took a hit owing to poor sales among the industrial units and coin makers in the state.
- On the 7th, silver prices went up to Rs.41,900 per kg as a weak dollar pushed demand for the metal up.
- During the 8th, silver rates in Kerala fell to Rs.41,500 per kg as there was a brief decline in demand.
- Due to poor demand, rates went down to Rs.41,300 per kg on the 9th as demand failed to seen any positive change.
- Demand, however, improved over the final two days and silver traded at Rs.41,600 per kg.
March 2018 – Week 3 (12 – 18):
- Trading began in Kerala with silver rates holding at Rs.41,600 per kg on the 12th amid firm overseas trends.
- Silver prices in Kerala dropped to Rs.41,600 per kg on the 13th before rebounding to Rs.41,700 per kg the next day after the US dollar index lost against other apex currencies in the international market.
- The dollar, however, strengthened over the next few days with investors and markets speculating over a possible Fed rate hike by the US central bank next week.
- The white metal was recorded trading at Rs.41,500 per kg on the 15th before plunging to Rs.41,300 per kg on the 16th amid weak global cues.
- Poor demand from industrial units and coin manufacturers amid the poor trends overseas resulted in the metal being priced at Rs.41,100 per kg for the rest of the week.
March 2018 – Week 4 (19 – 25):
- Silver prices in Kerala were relatively unchanged as the week began, with the metal opening the week at Rs.41,000 per kg.
- Prices rose marginally on 20 March, trading at Rs.41,200 per kg as local industrial offtake increased on positive global cues.
- Demand from Asian industry was also on the increase as a weak dollar rate made silver imports cheaper, leading silver prices to rise to Rs.41,500 per kg on 22 March.
- As trading closed on 22 March, silver price in Kerala rose to Rs.41,600 per kg on steady demand from coin makers as well as consistent industrial offtake.
- Investors also renewed interest in silver due to poor equity market performance, with markets shaky ahead of the Fed announcement on monetary policy and future interest rate hikes.
- The week ended with silver trading at R.41,600 per kg on 25 March on positive market cues and strong demand.
March 2018 – Week 5 (26 – 31):
- Trading commenced in Kerala with the industrial metal priced at Rs.41,600 per kg on the 26th following a steady demand from industries and coin manufacturers amid firm overseas trends.
- With diplomatic relations between the US and Russia deteriorating, the US dollar tumbled. This led to silver prices rising to Rs.41,800 per gram on the 27th.
- However, with the US greenback recovering from the initial shock, silver rates in Kerala plunged to Rs.41,500 per kg on the 28th.
- The 29th saw silver price in Kerala plunging further to Rs.41,400 per kg after the US dollar held on to its previous session’s gains.
- Thanks to steady offtake by the industrial units, prices remained untouched at Rs.41,400 per kg for the remainder of the week.
- Kerala witnessed silver rates rising by 0.72% on account of strong demand brought about by the positive overseas trends during the course of the week.
Trend of Silver Rate in Kerala for February 2018 (rates per kg)
| Parameters | Silver price (per kg) |
| Silver rate on 1st February 2018 | Rs.42,600 per kg |
| Silver rate on 28th February 2018 | Rs.41,200 per kg |
| Highest Rate in February | Rs.41,600 per kg on 1 and 2 February |
| Lowest Rate in February | Rs.40,600 per gram on 10 and 11 February |
| Overall Monthly Performance | Decline |
| Percentage Change | -3.28% |
February 2018 – Week 1 (1st – 4th)
- Trading in Kerala opened with silver priced at Rs.42,600 per kg on the 1st amid strong domestic demand by industries and coin manufacturers.
- Steady demand for the metal despite the poor trends overseas led to silver rate in Kerala remaining untouched at Rs.42,600 per kg on the 2nd.
- The 3rd saw silver price in Kerala plummeting to Rs.41,700 per kg after demand for the metal declined against the strengthening dollar and firmer equities market.
- Thanks to steady demand from industrial units and coin manufacturers, silver continued trading at Rs.41,700 per kg for the remainder of the week.
February 2018 – Week 2 (5th -11th)
- Silver prices fluctuated quite a bit in Kerala due to a constantly changing local demand. The white metal traded at Rs.41,500 per kg on the 5th of February.
- Silver rate in Kerala rose to Rs.41,900 per kg the next day as demand from coin makers and industrial units went up.
- The 7th saw demand drop, pushing silver price in Kerala down to Rs.41,400 per kg. This dropped further by Rs.600 the next day to Rs.40,800 per kg as demand failed to pick up.
- On the 9th, silver prices solidified marginally for the metal to trade at Rs.41,000 per kg but a falling demand caused rates to drop to Rs.40,600 per kg on the 10th.
- The final day of this week saw little change in demand, which led to silver prices remaining at Rs.40,600 per kg.
February 2018 – Week 3 (12th – 18th)
- In Kerala, the week began with the white metal trading at Rs.40,900 per kg on the 12th amid firm trends overseas.
- With investors watching out for clues on the pace of interest rates hikes from the US price data, silver price in Kerala surged to Rs.41,300 per kg on the 13th which rose further to Rs.41,400 per kg on the 14th.
- With the US dollar declining against other apex currencies, the 15th saw silver rates in Kerala rising for the fourth consecutive session to Rs.41,700 per kg.
- Steady domestic demand coupled with strong global cues led to silver rate in Kerala holding firm at Rs.41,700 per kg for the rest of the week.
February 2018 – Week 4 (19th – 25th)
- Silver, like gold, was affected by the US dollar and its latest surge. When the week began on the 19th of February, silver was priced at Rs.41,600 per kg.
- A resurgence of the dollar and the subsequent decline in local demand, brought silver price in Kerala down to Rs.41,200 per kg on the 20th of February.
- Gold rate in Kerala went down again on the 21st Rs.41,200 per kg before going up to Rs.41,400 per kg on the 22nd.
- Due to an increase in local demand, silver rates in Kerala went up to Rs.41,600 per kg on the 23rd before dropping marginally to Rs.41,500 per kg the next day.
- When the week ended, silver was still seen trading at 41,500 per kg.
February 2018 – Week 5 (26th – 28th)
- In Kerala, the week commenced with the white metal trading at Rs.41,600 per kg on the 26th with an increase in domestic demand from industrial units and coin manufacturers.
- Silver price in Kerala rose to Rs.41,700 per kg on the 27th amid the firm trends overseas before plummeting to Rs.41,200 per kg on the 28th owing to a drop in demand brought about by the rising US dollar and equities.
- Kerala recorded an incline of 3.28% in silver rates amid poor global cues and reduced domestic demand.
Trend of Silver Rate in Kerala for January 2018 (rates per kg)
| Parameters | Silver price (24 karat) |
| Silver Rate on 1st January 2018 | Rs.38,600 per kg |
| Silver Rate on 31st January 2018 | Rs.42,200 per kg |
| Highest Rate in January | Rs.43,100 per kg from 25 to 28 January |
| Lowest Rate in January | Rs.38,600 per kg on 1 January |
| Overall Monthly Performance | Incline |
| Percentage Change | 8.80% |
