Silver Rate Today in Rohtak

Rohtak is a city located in the Indian state of Haryana, serving as the administrative centre of the Rohtak district. It is situated 70 kilometres northwest of New Delhi and 250 kilometres south of Chandigarh, the state capital, along National Highway 9. Silver is an ideal investment choice for investors looking to diversify their portfolios. And if you're in Rohtak, then you know silver has a special place in the hearts of many, as it is often used to craft stunning jewellery pieces.

Silver is in high demand due to its diverse applications spanning numerous sectors, including healthcare, jewellery, automobiles, and the upcoming solar industry.

Rohtak is a significant hub for grains, cotton, agriculture, and dairy, among other things. The city is known for its lakes, temples, parks and scenic views. Silver is a popular investment option in this flourishing city and witnesses a spike in demand during festive occasions.

Various Silver Investment Options in Rohtak

Silver is a great investment for anyone looking for a straightforward way to get started. Residents of Haryana, in particular, are taking advantage of its uses in many industries and its health-related benefits. Silver’s low-price tag and flexibility make it a great option for a large number of people. Here are some investment options in silver in Rohtak:

Silver coins

Investing in silver coins at Rohtak is a cost-effective and sensible option. Available in 1, 5, 10, 20, and 50-gram sizes, they are crafted from 99.9% pure silver and feature Indian symbols, figures, and gods. Silver coins are simple to store and make great gifts for religious ceremonies and short- and long-term investments.

Silver bullions

Another popular option for investing in silver is silver bullion. These come in various shapes and sizes, ranging from bars and ingots to coins. They are usually made of 99.9% pure silver and are stamped with their weight, purity, the maker’s name, and the date of manufacture. Silver bullion gives you the added benefit of being able to speculate on the on-the-spot price of silver without having to pay fees or commissions.

Silver ETFs (Exchange Traded Funds)

Silver ETFs are a great way to invest in silver without having to buy and store physical silver. Silver ETFs are listed on stock exchanges and are traded just like stocks. You can buy and sell silver ETFs at the prevailing market price. The main advantage of investing in silver ETFs is that you don’t have to worry about the safety of your investment.

Silver Mutual Funds

These are investment vehicles that allow individuals to invest in a range of silver-related assets, such as silver mining companies or silver ETFs. The investment is made by pooling money with other investors and buying shares through a mutual fund company or financial advisor.

How Does GST Affect Silver Rate in Rohtak?

One common question that investors ask is whether GST will affect the price of silver in Rohtak. The answer is yes; GST does affect the price of silver in Rohtak. 

GST is charged based on the value of the silver, which includes all applicable taxes. The higher the silver rate the higher the impact on the price of silver in the city.

In addition to GST, other taxes such as making charges (usually 5%), import duties, and stamp duties may also be applicable for buying silver in Rohtak. 

It is important to keep track of these taxes and consider them when calculating the t otal cost of buying silver. 

Moreover, the current market prices for silver should also be taken into account when investing. This is because the price of silver can fluctuate at any moment.

How is the Purity of Silver Evaluated in Rohtak?

If you have decided to invest in silver, it is essential to ensure that the silver you are buying is of high quality and has the required purity. 

The Bureau of Indian Standards (BIS) is a government body that verifies the quality of silver. The finest silver is rated 999 (99.9% purity). Any silver or silver alloy must be stamped by an authorised assaying and hallmarking centre to be certified. 

The stamp will show five markings:

• BIS mark
• Assay centre’s identification mark
• Purity/fineness
• Jeweller’s/manufacturer’s identification mark
• Year of marking

So, when you buy silver in Rohtak, always make sure to check the stamps and other markings mentioned above. 

It is also essential to look out for any counterfeit silver bars or coins. If you buy silver bullion bars, look for any signs of damage or discolouration. Lastly, only buy silver from a qualified and certified seller by the BIS.