Last updated on: 3th Feb 2023 10:00 AM
Are you wondering if investing in silver would be a wise choice? Given the metal's widespread usage, it is unlikely to lose sheen anytime soon. Moreover, silver costs lesser than gold, making it the most affordable precious metal.
Silver prices are more volatile than gold prices. This makes silver both a profit-making commodity and a risky asset. Hence, this blog tells you about the current silver rates in Bhavnagar and explains various ways to invest in silver. But before we go further, let's first quickly look at the city of Bhavnagar.
Located at the southernmost tip of the Gujarat Peninsula, Bhavnagar is a busy ocean port. An erstwhile princely state, the history of Bhavnagar dates back to the 18th century. The present-day city is home to a thriving diamond-cutting and polishing industry. And silver is among the most loved metals in the city. From utensils to heavy industries - silver is used in several sectors.
Gram | Yesterday | Today |
---|---|---|
1gm | ₹77.30 0.00 (0.00%) | ₹77.30 0.00 (0.00%) |
8gm | ₹618.40 0.00 (0.00%) | ₹618.40 0.00 (0.00%) |
10gm | ₹773.00 0.00 (0.00%) | ₹773.00 0.00 (0.00%) |
100gm | ₹7,730.00 0.00 (0.00%) | ₹7,730.00 0.00 (0.00%) |
1kg | ₹77,300.00 0.00 (0.00%) | ₹77,300.00 0.00 (0.00%) |
Day | Silver |
---|---|
04 Feb 2023 | ₹77.30 0.00 (0.00%) |
03 Feb 2023 | ₹77.30 0.00 (0.00%) |
02 Feb 2023 | ₹77.30 2.50 (3.35%) |
01 Feb 2023 | ₹74.80 0.30 (0.41%) |
31 Jan 2023 | ₹74.50 0.30 (0.41%) |
30 Jan 2023 | ₹74.20 0.00 (0.00%) |
29 Jan 2023 | ₹74.20 0.00 (0.00%) |
28 Jan 2023 | ₹74.20 -0.40 (-0.53%) |
27 Jan 2023 | ₹74.60 -0.40 (-0.53%) |
26 Jan 2023 | ₹75.00 1.00 (1.36%) |
The Bureau of Indian Standards (BIS) hallmarks silver in India. Hallmark is a stamp that guarantees the metal's purity. Hallmarking is mandatory for gold but not for silver.
Therefore, it is essential to check with the jeweller and ask to get the silver hallmarked. However, remember that buying hallmarked jewellery will cost extra. Simply put, check for BIS rating and standard stamps on the silver items before putting your money in.
Thoroughly research the silver prices within a chosen time frame. Since silver prices are mostly volatile, it's critical to pay attention to the latest rates.
You can use silver in different ways like bars, coins, and jewellery. You may have to increase the budget depending on what silver product you want to buy.
The Bureau of Indian Standards (BIS) began certifying the purity levels of silver in 2005. There are many silver purity standards, with 9999 being the finest. The BIS-recognized Assaying and Hallmarking Centers stamp the silver and silver alloys with standard marks.
Day | Silver |
---|---|
01 February 2023 | 74.8 |
05 February 2023 | 0 |
Highest | 77.3 |
Lowest | 74.8 |
Some key points to consider when comparing paper silver and physical silver:
Will silver be worth more in ten years?
Why should I invest in silver?
Why is the price of silver so low?
How to invest in silver with minimal hassle?
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