Silver Rate in Kolkata — 2 December
- According to a recent update, the price of silver (999 purity) in Kolkata stands at ₹ 1,880 per 10 grams.
- That works out to ₹ 18,800 per 100 grams or ₹ 1,88,000 per kilogram.
- Some outlets also report minor variation in city-wise silver pricing, but the ₹ 1,880 per 10 gm seems to be the widely accepted rate for Kolkata today.
Silver Price – National
- The national benchmark for silver price today (India) is also ₹ 1,88,000 per kilogram — matching the Kolkata rate.
- This uniform rate across major metropolitan cities reflects how silver pricing in India largely depends on international silver prices and currency exchange rates (Rupee vs. US Dollar).
- As of 2 December, there’s been no major day-on-day change at the national level (per those rate feeds).
What Drives Silver Rates?
Silver prices in India — and hence in Kolkata — are influenced by a mix of global and domestic factors:
- Global commodity prices: Since India imports a large portion of silver, international demand-supply, global silver rates (in USD/ounce) heavily impact domestic prices.
- Currency exchange rates: A weakening Indian Rupee against the US Dollar tends to push up silver prices locally.
- Local demand and market sentiment: Festive seasons, jewellery demand, industrial demand (silver’s uses in electronics, solar panels etc.) also play a role.
What This Means for Buyers and Investors
- For those looking to buy silver jewellery or invest in silver (bars, coins, bullion) — ₹ 1,880 per 10 gm is the latest reference for Kolkata; use this as a benchmark to evaluate shop quotes.
- If you’re selling old silver jewellery or silver scrap, similar benchmarks apply. It’s wise to stay updated daily because silver price can vary with global cues and currency fluctuations.
- For longer-term investors, silver continues to be influenced by global demand trends (industrial use, precious-metal demand, monetary policies).
Note
Silver prices quoted above are raw metal rates — i.e. the base price per gram/10 gm/1 kg.
If you buy jewellery or coins — additional costs apply: making charges, design/workmanship fees, retailer margins, taxes, hallmarking charges etc. Always check with your jeweller or seller what “silver rate” they’re quoting (metal cost only vs. finished product).