Last updated on: 29th Jan 2023 10:00 AM
One of the most precious metals, silver has been used for various purposes since ancient times. It is beautiful and durable, making it an excellent choice for jewellery, coins and other objects. In recent years, silver has become increasingly popular as an investment metal.
Gram | Yesterday | Today |
---|---|---|
1gm | ₹74.20 0.00 (0.00%) | ₹74.20 0.00 (0.00%) |
8gm | ₹593.60 0.00 (0.00%) | ₹593.60 0.00 (0.00%) |
10gm | ₹742.00 0.00 (0.00%) | ₹742.00 0.00 (0.00%) |
100gm | ₹7,420.00 0.00 (0.00%) | ₹7,420.00 0.00 (0.00%) |
1kg | ₹74,200.00 0.00 (0.00%) | ₹74,200.00 0.00 (0.00%) |
Gold is a soft, malleable metal that is yellow. It is non-reactive, meaning it does not rust or tarnish over time. Silver is also a soft metal but is white and more reactive than gold. This means it can degrade over time if not cared for properly.
Both gold and silver are considered rare metals. However, gold is more abundant than silver. Nevertheless, both metals are considered valuable due to their rarity.
Both gold and silver can be good investments. Gold tends to be more stable, while silver may be more volatile. However, both metals can increase in value over time.
Day | Silver |
---|---|
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%) |
25 Jan 2023 | ₹74.00 0.00 (0.00%) |
24 Jan 2023 | ₹74.00 -0.70 (-0.93%) |
23 Jan 2023 | ₹74.70 0.40 (0.54%) |
22 Jan 2023 | ₹74.30 0.00 (0.00%) |
21 Jan 2023 | ₹74.30 -0.20 (-0.26%) |
The purity of silver is denoted in parts per thousand. 999 silver is the purest form of silver available, having a purity level of 99.9%.
However, pure silver is too soft to be moulded. It is often mixed with other metals like copper and nickel to impart it rigidity and hardness. The other levels of commonly available silver are -
Gandhinagar is one of the most popular tourist destinations in India. It is known for its silver market, which offers a variety of silver products at competitive prices. The city is also home to several silver mines, which produce high-quality silver for use in various industries.
Here are some interesting facts about Gandhinagar's silver market:
When it comes to investing in precious metals, silver is often overlooked in favour of gold. Here are some reasons why you should consider investing in silver in Gandhinagar:
Day | Silver |
---|---|
01 January 2023 | 0 |
30 January 2023 | 74.2 |
Highest | 75.8 |
Lowest | 73.5 |
Paper silver is a term for any investment that isn't real silver. This includes stocks, ETFs and futures contracts. The main benefit of paper silver is that it is much easier to trade and invest in than physical silver. Paper silver can be bought and sold at any time and in any place.
Physical Silver, on the other hand, is silver bullion or jewellery that you own and store yourself (or pay someone to keep for you). The good thing about this is that you know where everything you own is and what you have. Even if the market crashes, the silver you have in your possession will still be worth something. On the other hand, it can be hard and expensive to buy and sell real silver, especially in large amounts.
The impact of the Goods and Services Tax (GST) on silver prices in Gandhinagar is significant. GST was introduced in 2017. In the GST regime, you have to pay a 3% GST on all silver purchases. In addition, you also have to pay a 5% GST on the making charges of moulding raw silver into intricate jewellery designs.
What determines silver prices in Gandhinagar?
How do I invest in silver?
What are the risks of investing in silver?
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