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Today’s silver rate across all major cities in India
20 Jan 2021
( Per Gram )
Silver Rates In Jharkhand for Last 90 Days
Trend of Silver Rate in Jharkhand for October 2020 (Rates per gram for 1Gram / 1Kg Silver)
Trend of Silver Rate in Jharkhand for November 2020 (Rates per gram for 1Gram / 1Kg Silver)
Trend of Silver Rate in Jharkhand for December 2020 (Rates per gram for 1Gram / 1Kg Silver)
Trend of Silver Rate in Jharkhand for January 2021 (Rates per gram for 1Gram / 1Kg Silver)
Trend of Silver Rate in Jharkhand for September 2020 (Rates per gram for 1Gram / 1Kg Silver)
Trend of Silver Rate in Jharkhand for August 2020 (Rates per gram for 1Gram / 1Kg Silver)
Trend of Silver Rate in Jharkhand for July 2020 (Rates per gram for 1Gram / 1Kg Silver)
Trend of Silver Rate in Jharkhand for June 2020 (Rates per gram for 1Gram / 1Kg Silver)
Jharkhand is considered to be the mineral reserve of our country. It comprises of more than 40% of the mineral reserves of India. Jharkhand has many silver mines that make it a rich source of the metal. Silver is traditionally considered to be a precious metal along with gold. It holds a place of importance in the culture and heritage of our country and is not only used as jewellery but also for medicinal, industrial and commercial purposes.
Apart from the above purposes, this metal can also be used as a profitable source of investment. Silver is priced far less as compared to gold and hence it makes it an easier investment option. Whether you’re looking to purchase silver for personal use or as an investment, it is important to take a note of the silver rates in the state of Jharkhand. In this guide, you can find all the required details relating to the prices of silver in Jharkhand.
Prices of this precious metal are constantly changing and are therefore required to be tracked on a regular basis.
Customers have to consider various factors at the time of purchasing silver to ensure that they get it at the most optimum prices as well as desired purity level. These considerations are mentioned below.
Silver can be procured in many forms as mentioned above. Silver is graded based on its purity levels. The purity of the precious metal is showcased in the form of percentage. The purest form of silver is 99.9% and is considered to be without any contamination or adulteration. Silver is often combined with other metals or alloys to make it sturdy and avoid deterioration over the period of years. This eventually reduces the purity levels of silver and hence it is then graded or certified accordingly.
The various levels of purity provided to silver is tabled below.
According to the above levels of purity, the rates of silver are affected. Customers can ensure the purity of silver they purchase by checking the various markings on such metal.
There are many authentication markings that are placed on the surface of this metal to assure the customers of its purity and authenticity. These markings are essential at the time of resale of silver in any form. It will assure that the buyers and sellers get the best price for their silver and are also assured of the genuineness of their purchase.
The various markings placed on silver to validate its purity are mentioned below.
Silver has to be purchased through authentic sources for the purchase to be genuine. Customers are thus assured of not only the purity of the silver in any form purchased but also of the seller. There may be a chance that customers may be faced with a fraud or are duped of their funds if such sources are not genuine.
Following are the certified sources of buying or selling silver.
Customers can buy silver in any of the following available forms from these above sources.
1. Where can silver be traded?
Silver can be traded on various platforms like futures market, commodity market or ETFs. ETF is not available in our country and hence can be traded on an ETF available in the US market.
2. What are the various sizes of silver coins available in the market?
The various sizes of silver coins available in the market are 1 gram, 2 gram, 5 gram, 10 gram, 15 gram, 25 gram, 40 gram, 50 gram, 100 gram, 200 gram, 500 gram and 1000 gram or 1 kg.
3. What is the maximum purity of silver available in the market?
The maximum purity of silver available to customers is 99.9%.
4. What are the factors that influence the prices of silver in any market?
Silver prices are very dynamic and are affected by many factors. Some of these factors are internal or directly related to the prices fluctuations of this metal. There are some external factors too that affect the prices of silver. These factors do not have a direct relation to this metal but still affect its prices indirectly. Following are the various factors affecting silver prices in any market.
Apart from the list above, the latest factor to have an impact on the silver prices is the current pandemic. After the introduction of a vaccine for the same, the rates of silver had drastically reduced.
5. What is the best form of silver in case of personal use?
When silver has to be purchased for personal use, the form of silver is irrelevant. Customers can purchase silver in any form. The only concern should be that the transaction and the silver purchased are genuine and pure.
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