Silver rate in Kozhikode
silver rate in kozhikode

1gm:
74.20
0.00(0.00%)
1kg:
74,200.00
0(0.00%)

Last updated on: 29th Jan 2023 10:00 AM

One of Kerala's major cities, Kozhikode, is situated on the Malabar Coast of southern India and was formerly known as Calicut. The city is known to be the third-largest in Kerala. There are historical accounts of Vasco Da Gama reaching Kozhikode as his entry point to gain access to Indian territory, thereby scripting a significant phase in Indian history.

Kozhikode city is a marketing hub for goods produced in Kozhikode, such as lemongrass oil, coffee, coconut oil, and rubber. It serves as Malabar's primary commercial hub and is the region's top exporter to other nations. The silver rate in Kozhikode closely mirrors global trends. The main reason is that most of the silver used in this place is imported from other countries.

Silver rates as per grams in Kozhikode

GramYesterdayToday
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%)

What are the Best Options to Invest in Silver in Kozhikode?

In times of economic and financial turmoil, precious metals tend to be dependable, as their historical benchmarks suggest. Silver is a precious metal because it is both valuable and useful. Silver can be characterised as a short-term investment option due to the lower volumes traded on the market. In all spheres of daily life, a trace of silver can be identified as most industries use it for various purposes.  

Silver investments are a popular option these days and these are available in a variety of forms. From owning physical silver to investing in digital silver and silver ETFs, there are several options to indicate how you can invest in precious white metal.  

Investing in Silver ETFs and Mutual Funds

Investments made by silver mutual funds are primarily made in the stock of silver mining companies. It is not the same as owning silver bars and silver coins. A silver mutual fund holds a portfolio of shares in these businesses. An alternative way to maintain silver bullion is through a fund called a silver exchange-traded fund (ETF). As it retains the metal in faith, this fund typically tracks the price of silver.

Purchasing Silver Bullion  

By purchasing silver bullion, you acquire ownership of the metal and can even retain it in the form of coins. The easiest way to store silver bullion is in coins. Silver bullion bars might be a good option to consider. You can purchase silver bullion coins and bars at local coin shops or domestic gold bullion dealers.

Buying Mining Stocks 

Buying stock in organisations producing silver is yet another investment. You acquire individual stocks through a money market fund rather than a stock portfolio. They often outperform silver in price performance but also carry the same risks that any business faces. However, they also face risks unique to the mining industry as mining companies.

Historical silver rates in Kozhikode in last 10 days

1 gram
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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%)

Sterling Silver VS Pure Silver

Silver is one of the priceless metals that people have used for thousands of years. Experts develop an alloy of silver and stiffer metals to increase the durability of pure silver. It makes it simpler to work on jewellery and utensils. More importantly, it creates various forms of silver, mainly sterling and pure silver. 

Listed below are some points that differentiate sterling silver from pure silver.

  • Despite being more expensive than sterling silver, pure silver is more valuable. It is because it has no added metals or alloys.
  • Sterling silver is stamped with '925', '92.5', and '.925' marks. On the contrary, pure silver is stamped with '999' marks due to their highest purity level.
  • Sterling silver gets easily damaged because of low quality and added metals. At times, oxidisation and environmental exposure can also devaluate the sheen of silver. When buying and storing silver, it is important to take care of its lustre.

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

Investment Options for Silver in Kozhikode

Silver is a precious metal that is often bought and sold on commodity markets and can be considered as an alternative investment option inKozhikode. The price of silver can fluctuate based on a variety of factors, such as supply and demand, interest rates, and global economic conditions. In Kozhikode, the price of silver is often quoted in Indian Rupees (INR) per kilogram.

Investors in Kozhikode may choose to invest in silver through a variety of means such as buying physical silver, buying silver ETFs or investing in silver mining stocks.

  • Physical Silver: Investors can buy physical silver in the form of bars, coins, or jewelry and hold it as a store of value. One advantage of buying physical silver is that investors can hold it directly in their possession, giving them control over their investment. However, physical silver also involves certain costs like, storage and insurance, and also it's not easy to liquidate it quickly.

  • Silver ETFs: An ETF is an investment fund that is traded on stock exchanges, like shares. ETFs that track silver allow investors to invest in silver without actually owning the physical metal. These ETFs can be bought and sold just like stocks and are considered to be more liquid and easier to trade than physical silver.

  • Silver Mining Stocks: Investing in silver mining stocks is another way to gain exposure to the silver market. When an investor buys shares of a silver mining company, they are buying a stake in the company's assets and profits. However, this type of investment carries more risk than investing in physical silver or ETFs as the performance of the company, management and also the mining conditions can affect the stock's performance.

When it comes to investing in silver, it is important to be aware that the price of silver can be volatile and may fluctuate based on various factors such as economic conditions, supply, and demand. Before making any investment decisions, it is always wise to consult with a financial advisor and also do research to gain a better understanding of the market conditions and the potential risks and returns associated with investing in silver.

Trend of Silver rates in Kozhikode

1 gram
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Day Silver
01 January 20230
30 January 202374.2
Highest75.8
Lowest73.5

Things to Remember Before Buying Silver Jewellery in Kozhikode?

When buying silver jewelry in Kozhikode, 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 Kozhikode

Can real silver get tarnished?

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Is pure silver better than sterling silver?

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Why does sterling silver turn black or tarnish?

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Can polishing damage silver items?

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