Last updated on: 3th Feb 2023 10:00 AM
Meerut is a fast-developing city in the western parts of Uttar Pradesh. It is popular for being one of the first places to adapt to the use of solar energy. Meerut is also a prominent consumer of silver among other towns. People in Meerut often purchase silver coins, bars, and jewellery.
Silver is considered an ideal gifting option and is worn during the special festive season or purchased as an investment.
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 in Meerut is available from mainly three sources:
Most reputed banks extend silver coins to customers at the current rate in the market. Buying silver in Meerut from online stores might cost you more, depending on the store and the product you choose. Silver is available in the form of bullion, having a purity of 99.5%.
People in Meerut buy silver as a form of investment, as multiple articles:
Silver coins and bars: Investing in silver by purchasing coins and bars instead of jewellery is an excellent investment choice as you can buy them in different weights per your budget. They are available in banks and stores.
Silver jewellery and other articles: This is a useful option for those who wish to both wear good jewellery and invest their money for the long run. They come in different designs and patterns. Make sure to check for their quality and purity before buying.
Bullions: It is 99.5% pure silver that is melted into coins and bars. You can trade them in the commodities market.
Paper silver holds the value and price of silver, but not in the form of real silver. Paper silver is highly useful for trading. It helps you avoid the storage costs of silver in its physical form. Silver certificates, Exchange Traded Funds (ETF), Digital or E-Silver, and commodity futures are a few examples of paper silver.
Physical silver refers to silver metal in its real, physical form, such as silver coins, bars, bullions, jewellery, utensils, etc. They are tangible, convenient, real and a more permanent option for investment.
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%) |
In Meerut, most people purchase silver in the form of coins, bars, and jewellery. There is also a rise in the demand for silver during auspicious festivities specific to Meerut. The silver rates in Meerut are dynamic and change according to numerous factors, mainly the present-day prices of silver in the international market.
The first and foremost method of ensuring the quality and purity of silver is to look for a hallmark. The Bureau of Indian Standards (BIS) began the technique of hallmarking for silver in the year 2005 for the same purpose.
There are three major ways to evaluate the purity of silver:
Silver in Meerut is available from mainly three sources:
Most reputed banks extend silver coins to customers at the current rate in the market. Buying silver in Meerut from online stores might cost you more, depending on the store and the product you choose. Silver is available in the form of bullion, having a purity of 99.5%.
Day | Silver |
---|---|
01 February 2023 | 74.8 |
05 February 2023 | 0 |
Highest | 77.3 |
Lowest | 74.8 |
The current GST rate for gold, silver, pearl and other unworked articles is 3%. If you have to cut or polish these kinds of jewellery and stones, the GST rate would be 1.5%. When added to the total value of the silver jewellery, the final amount would increase.
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