Silver Price Chart For Last 5 Years In India
Silver has been a popular investment option for Indians for a long time. The price of silver is affected by various factors, including global economic conditions and fluctuations in supply and demand. In this article, we will take a look at the silver price chart for the last 5 years in India.
2016
In the beginning of 2016, the price of silver was around Rs. 34,000 per kg. However, due to global economic uncertainties and rising demand, the price of silver started to climb steadily. By June 2016, the price of silver had crossed Rs. 45,000 per kg. The price then fluctuated between Rs. 40,000 and Rs. 45,000 per kg for the rest of the year.
2017
In 2017, the price of silver continued to rise due to global economic uncertainties and rising demand. The price of silver started the year at around Rs. 39,000 per kg and climbed steadily throughout the year. By October 2017, the price of silver had crossed Rs. 43,000 per kg. The price then fluctuated between Rs. 40,000 and Rs. 43,000 per kg for the rest of the year.
2018
In 2018, the price of silver started to decline due to a stronger US dollar and a decrease in demand. The price of silver started the year at around Rs. 40,000 per kg and declined steadily throughout the year. By November 2018, the price of silver had fallen to around Rs. 38,000 per kg. The price then fluctuated between Rs. 37,000 and Rs. 39,000 per kg for the rest of the year.
2019
In 2019, the price of silver started to rise again due to a weaker US dollar and an increase in demand. The price of silver started the year at around Rs. 39,000 per kg and climbed steadily throughout the year. By September 2019, the price of silver had crossed Rs. 50,000 per kg. The price then fluctuated between Rs. 45,000 and Rs. 50,000 per kg for the rest of the year.
2020
In 2020, the price of silver experienced a lot of volatility due to the COVID-19 pandemic and its impact on the global economy. The price of silver started the year at around Rs. 50,000 per kg and climbed steadily until August 2020, when it crossed Rs. 75,000 per kg. The price then fell sharply to around Rs. 60,000 per kg by September 2020. The price then fluctuated between Rs. 60,000 and Rs. 70,000 per kg for the rest of the year.
Conclusion
The price of silver in India has experienced a lot of volatility over the last 5 years due to various factors. However, it remains a popular investment option for Indians due to its perceived value and potential for growth. It is important for investors to keep an eye on global economic conditions and supply and demand factors in order to make informed investment decisions.
