Silver rate in Davangere
silver rate in davangere

1gm:
77.30
0.00(0.00%)
1kg:
77,300.00
0(0.00%)

Last updated on: 3th Feb 2023 10:00 AM

Davangere is a city in the state of Karnataka in southern India. Set on a rise to the east of the Tungabhadra River, several important highways and railroads meet in the city. Jewellers thrive in the city since most people here prefer to invest in Silver. Gold and silver, both highly sought-after precious metals, have shared a close relationship throughout the town's history despite their varied uses.

If you want to start your journey as an investor and prefer investing your money in silver, you need to consider various aspects. Read on to learn more about silver investments in Davangere and how you should go about it.

Silver rates as per grams in Davangere

GramYesterdayToday
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%)

Comparative Analysis of Gold vs. Silver in Davangere

The practicality of precious metals makes them a unique investment option among commodities. Investors use supply and demand to determine the value of various commodities. Examining current consumption levels, changes in consumer preferences and similar factors might provide insight into a commodity's worth.

Precious metals like gold and silver are unique among commodities because of their restricted use. Gold and silver are precious commodities with few practical applications in modern society.

Silver, on the other hand, finds more widespread application in commercial and industrial settings than gold does. Silver is used in various industrial applications, from dental fillings to computer circuit boards, and accounts for over half of all silver traded worldwide. In contrast, jewellery is gold's sole true market. By factoring in industry demand and the status of the global economy, this offers investors a framework for analysing and anticipating fluctuations in the silver price.

Despite gold's traditional popularity in Indian households, silver has found widespread application in fields as diverse as the electrification of e-vehicles, green technology, the solar industry, and the automobile industry. Gold-silver comparisons will always be made, but it's still important to learn about silver's many uses and the factors behind the industry's optimism about its future.

Historical silver rates in Davangere in last 10 days

1 gram
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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%)

Silver as an Investment in Davangere

Bullion coins, bars, and even "junk" silver bags are all available to buyers interested in purchasing silver. Despite being the most secure and foolproof approach, storing physical silver presents unique obstacles and prices.

Silver-backed financial assets are a more sensible, if less romantic, investment alternative. Some of the best options for private investors looking to make indirect investments are as follows:

Shares in silver industry corporations, including those involved in mining, refining, and reselling ("streaming companies"). According to Camerana, "clean silver plays" are few since "silver is often obtained from or mined combined with other metals such as copper."

Mutual funds and exchange-traded funds (ETFs) hold silver as an asset. Silver mining and silver mining stock are popular investments.

Exchange-traded commodities (ETCs) are publicly traded securities that invest in silver bullion, and these funds function similarly. The difference is that these silver products are debt instruments (akin to bonds) rather than futures on silver.

Weekly & monthly silver rate in Davangere
1 gram
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7 Days
30 Days
3 Months
6 Months

Impact of GST on Silver Rate in Davangere

The Goods and Services Tax significantly affects many commodity markets, particularly the silver market. There are very few things for which the GST rate does not remain constant from purchase to manufacture, but gold and silver are among them. Therefore, the sale of precious metals and the manufacture of jewellery, including precious metals, are subject to the Goods and Services Tax (GST) on gold and silver, respectively. The GST Council has increased the tax rate on precious metals by around 1%, bringing the levy to 3%.

Trend of Silver rates in Davangere

1 gram
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Day Silver
01 February 202374.8
07 February 20230
Highest77.3
Lowest74.8

Things to Remember Before Buying Silver Jewellery in Davangere?

When buying silver jewelry in Davangere, it's important to keep the following things in mind:

  • Quality: Make sure to only buy silver jewelry from reputable jewelers who use high-quality silver. Ask to see the purity certification for the silver, and ensure that it is hallmarked by the Bureau of Indian Standards (BIS).

  • Design: While buying silver jewelery also consider the design of the jewelry. Check for the intricate details and craftsmanship of the piece.

  • Price: Compare prices from multiple jewelers to ensure you are getting a fair price for the piece. Be aware of any additional charges, such as import duties or GST, that may affect the final price.

  • Hallmarking: Always check the authenticity of Hallmarking on your silver jewelry, it gives you the assurance of the purity of silver.

  • Returns and exchanges: Find out if the jeweler has a return or exchange policy, just in case the piece doesn't meet your expectations.

  • Purpose: Think about why you are buying the silver jewelry, is it for personal use or as a gift. Also, consider if it's something you can wear often, and it would look good with your existing collection of jewelry.

  • Aftercare: Ask about the jeweler's recommendations for cleaning and maintaining your silver jewelry, to ensure it remains in good condition.

FAQs of Silver price in Davangere

How do you gauge the value of silver?

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How does one go about getting their hands on some silver?

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Do you recommend investing in actual silver?

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When would it be a good time to put money into silver?

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