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Today’s silver rate across all major cities in India
20 Jan 2021
( Per Gram )
Silver Rates In Bihar for Last 90 Days
Trend of Silver Rate in Bihar for October 2020 (Rates per gram for 1Gram / 1Kg Silver)
Trend of Silver Rate in Bihar for November 2020 (Rates per gram for 1Gram / 1Kg Silver)
Trend of Silver Rate in Bihar for December 2020 (Rates per gram for 1Gram / 1Kg Silver)
Trend of Silver Rate in Bihar for January 2021 (Rates per gram for 1Gram / 1Kg Silver)
Trend of Silver Rate in Bihar for September 2020 (Rates per gram for 1Gram / 1Kg Silver)
Trend of Silver Rate in Bihar for August 2020 (Rates per gram for 1Gram / 1Kg Silver)
Trend of Silver Rate in Bihar for July 2020 (Rates per gram for 1Gram / 1Kg Silver)
Trend of Silver Rate in Bihar for June 2020 (Rates per gram for 1Gram / 1Kg Silver)
Silver is one of the most sought-after natural resources in the world. It is a precious metal and has many purposes other than being used for jewellery. Silver has been traditionally considered to be auspicious and has found a place in various ceremonies and rituals. Apart from personal uses and using silver as a gift, this metal is also used for industrial and commercial purposes as well as for medicinal purposes in certain cases.
Silver has a lot of demand in the state of Bihar. It is less expensive as compared to gold and hence can be bought in more quantities. The prices in the state of Bihar like any other place in India or outside are constantly changing and hence need to be monitored closely to buy it at the best time and price.
Silver like gold has various levels or variants of purity which is used to determine its quality and price. Gold is classified in purity of 18 carat, 22 carat or 24 carat purity. Silver is also graded in various purity levels. The highest level of such grade is 9999.
The different grade levels for silver are tabled below.
Silver is an excellent investment instrument. Silver is priced lower as compared to the prices of gold so it can be easily used for investment purposes. Silver can be purchased in the form of silver coins or bars from authorized dealers or even from banks as the best form of investment as they give maximum returns upon resale. Silver in such form is not liable for any reduction in value on account of marking charges or on account of any other metals or stones embedded in it.
Silver is also traded in the commodity market or futures market and can be bought and sold in lots. These lots are in the lot sizes of 1 kg each. Silver can also be traded on the silver Exchange Traded Funds (ETF). ETF is the platform to trade in silver like any other commodity but ETF platforms are not available in India. Hence, customers can choose to trade in an ETF in the US market. The basic condition for such trade is to open an account and register with the ETF through a certified stock broker. As silver is traded in bulk on such platforms, it is not a place for retail or experimental traders who try to approach such trade without any experience or expertise. Such trade also has additional charges associated with it like brokerage charges, stamp duty etc.
There are many considerations to be factored in the process of buying silver. This ensures that customers get the best price and the correct weight according to their needs like trading or for personal use. Some of such details are mentioned below.
Silver rates are dynamic and are dependent on various factors. Such factors influence these rates on a daily basis and hence potential buyers have to track the rates closely to ensure that they get the best prices and silver of the purity that they want.
The factors affecting silver prices are mentioned below.
These above factors are considered to be internal as well as external and affect the silver rates either directly or indirectly. Hence, it is advised to be cautious of these factors and understand their relation or the reaction of silver rates to any changes in such factors.
1. What are the rates of silver as on the first day of November 2020?
The rates of Silver on the first day of November 2020 are Rs. Rs. 65.30 per gram and Rs. 65,300.00 per kg.
2. What are the various forms in which silver is available for purchase?
Silver is available in various forms like
3. Why are silver coins, silver bars and bullions the best form of silver for investment?
Silver coins and silver bars and bullions give maximum return of the value of the metal. Since there is no adulteration in these forms and no added stones as well. Thereby, the value of the metal is not reduced on their account and therefore customers get maximum return on such silver held by them.
4. What are the various sources of purchasing silver?
There are online as well as offline modes of purchasing silver. These various sources of purchasing silver are mentioned below. Online e-commerce portal, Authorized sellers, Jewelers, Banks. These sources have to be certified and the metal purchased also has to be certified to ensure purity of the metal and genuineness of the purchase.
5. Where can a person trade in silver?
Silver can be traded through the futures market or commodity market. This metal can be traded through an ETF in the US market or MCX and NCDEX. The contract sizes available for such trades are in the lots of 1 kg silver. These contracts are not spot contracts so cannot be delivered immediately.
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