Last updated on: 3th Feb 2023 10:00 AM
Gurgaon, also called Gurugram, ranks amongst India's most thriving and affluent cities. The city has the third-highest per capita income in India. It is the most important industrial and financial centre in the country. As people here have stable income levels, silver investments are often in high demand. Rich and middle-class households from the country who live in the city are investing more and more in silver tools, jewellery, bars, and coins.
Just as in any other city, the silver rates in Gurgaon rely heavily on global markets. Import duties that the government imposes furthermore add to the price of the metal. Read on to learn more about silver rates in Gurgaon and how you can invest in this precious metal.
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%) |
Silver investment is also popular because silver jewellery and ornaments come in various forward-looking styles. But when purchasing silver jewellery, it is sensible to think carefully about a few essential topics. Here are some crucial things to think about when you purchase silver jewellery:
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%) |
Checking the live silver market rate is the most important thing to remember when buying any silver. Silver bars are usually kept for serious investors, but you can buy them from banks and big jewellery stores.
Serious investors can purchase silver on the futures exchange market. However, the contract amounts are substantially larger than those for other metals, such as gold. Additionally, there are fees involved with trading on the futures market. You may be required to pay commission, stamp duty, and various other fees.
Today, there are numerous online silver dealers. There is a substantial opportunity for silver adulteration and fraud when purchasing online, so you must be very careful to purchase from only reputable, certified suppliers.
The best thing about investing in silver is that it is cheap. Small silver coins could be purchased for as little as a few couple hundred. This is much less than gold, which is costly and demands a lot of money to invest. Take into account, however, that there are benefits and disadvantages to each method of investing in precious metals and other goods. The most common way to invest in silver is to purchase silver coins, jewellery, and household products made of silver.
Whenever you intend to purchase silver jewellery or household items, consider that you will also need to pay for manufacturing costs. Silver jewellery with more elaborate designs is far more expensive than silver coins. Whenever you plan on selling your silver jewellery in the future, the melting charge will reduce your effective returns by 15% or over at the point of reselling.
As gifts for happy events, silver and gold coins are very popular in Gurgaon. Silver coins are also a good investment decision because they come in various weights, so buyers can choose based on how much money they have. Several jewellers and banks sell silver coins that have been certified and tested. You can also buy silver coins online, but it can be dangerous to purchase from someone who is not a certified jeweller or seller. Ensure you see the certificate that says how pure the silver is when you buy it.
Day | Silver |
---|---|
01 February 2023 | 74.8 |
07 February 2023 | 0 |
Highest | 77.3 |
Lowest | 74.8 |
If you're investing in silver for the first time, you might wonder whether purchasing paper silver is better than actual silver.
What affects the price of silver?
Is it good to invest in silver?
How do you convert silver to cash?
What is the most profitable way to buy silver?
silver rates in Popular cities of India
Silver rate in Mumbai