Last updated on: 3th Feb 2023 10:00 AM
Palanpur is a city located in Gujarat’s Banaskantha district. It is a developing city with a thriving economy driven by dairy, textile, diamond polishing, and marble industries. With most residents employed in these sectors, new investment opportunities are welcome. Silver is one of the most popular precious metals here, and the residents like to invest in silver to grow their money over the years.
Demand for silver in Palanpur has seen steady growth, just like in other parts of India. Apart from investment in silver bullion, residents of Palanpur also like to invest in paper silver through various online platforms. As the demand for silver here is expected to remain steady, investors can make decent returns on their money. Read on to learn more about silver rates in Palanpur and if it will be a good investment for you.
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%) |
If you wish to purchase physical silver for personal use or as an investment, you need to check the purity of the silver. There have been many cases where some fraud has occurred with buyers regarding silver purity or quality. This is why the Bureau of Indian Standards (BIS) introduced silver hallmarking in 2005. So, now you need not conduct any chemical tests to determine the purity of silver in Palanpur, as BIS has taken care of the task for you and other investors.
Here are the steps you need to follow to check the purity of silver in Palanpur:
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%) |
If you want to buy silver in Palanpur, then there are two options available for you, i.e., online, or offline. Here are some of the ways in which you can purchase silver easily:
Jewellery Store: You can visit any jewellery store in your vicinity. Palanpur has several jewellers that deal in silver coins, bars, ornaments, and jewellery. These jewellers also sell religious figurines made of silver. While visiting any jeweller to purchase silver, make sure you have verified their credentials. Also, insist on hallmarked silver to ensure the desired purity levels.
Online Stores: Many brands have started selling silver coins, bars, and jewellery through their online platforms. You can visit their website, check the available products, and place your order accordingly. You must be careful in this case, as the chances of fraud are always there.
Paper Silver: Paper silver has become a popular option for investors in Palanpur. You can conveniently invest in silver mutual funds or ETFs with a few clicks. You must have the market knowledge and a Demat account to use this option. Paper silver is a better option if you want to trade in silver regularly.
Regarding silver, there are two investment options available to you, i.e., paper silver and physical silver. While both have benefits, you must choose the one that best meets your needs. Here is a comparative analysis of paper silver and physical silver to help you decide:
Day | Silver |
---|---|
01 February 2023 | 74.8 |
05 February 2023 | 0 |
Highest | 77.3 |
Lowest | 74.8 |
As per the present rules, 3% GST is applicable on silver. Since the introduction of GST, silver prices in Palanpur have gone up, but this has not affected the demand for silver in Palanpur.
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