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Today’s silver rate across all major cities in India
25 Sep 2023
( Per Gram )
Silver Rates In Mizoram for Last 90 Days
Trend of Silver Rate in Mizoram for September 2023 (Rates per gram for 1Gram / 1Kg Silver)
Trend of Silver Rate in Mizoram for August 2023 (Rates per gram for 1Gram / 1Kg Silver)
Trend of Silver Rate in Mizoram for July 2023 (Rates per gram for 1Gram / 1Kg Silver)
Trend of Silver Rate in Mizoram for June 2023 (Rates per gram for 1Gram / 1Kg Silver)
Trend of Silver Rate in Mizoram for May 2023 (Rates per gram for 1Gram / 1Kg Silver)
Mizoram is a north eastern state in India and has a rich culture and heritage. The state has traditionally had a huge demand for silver and gold since ancient times not only in the form of jewellery but also in the form of ornaments used in various religious ceremonies and traditions.
When compared with other precious metals like gold, silver is found in abundance. It’s procured by a labour intensive mining process. Silver is a precious metal that is used for a variety of purposes. It is used for multiple purposes like personal use, medicinal purposes or even industrial purposes. This makes it a very sought after product all over the world with many factors influencing its prices.
Given below are the details of the rates of silver in the state of Mizoram.
Prices of silver as mentioned above are influenced by many factors. They are very dynamic in nature and are ever changing.
Silver rates being dynamic have to be tracked on daily basis to ensure maximum return of investment made in silver or to purchase it at the best possible rate.
Silver rates have been on an increasing trend since many years and have increased exponentially especially in recent times. However, recently the rates of silver and gold had slashed dramatically due to the announcement of a vaccine for COVID-19 being introduced in the market for people at large.
Silver prices are affected by many factors that influence it on daily basis. Such factors are multifaceted and have direct or indirect relationship with this precious metal. Customers have to regularly keep track of the silver rates to purchase it at the best price.
Following are the factors affecting the rates of silver on daily basis and influence it to change.
While purchasing silver there are many factors that have to be considered to ensure that the customers get silver of desired purity levels and at optimum prices.
These factors also help customers to buy silver in the form that ensures maximum return or resale value at the time of sale of such silver.
Some of the important factors or points that have to be noted while purchasing silver are mentioned below.
Silver is graded and priced based on its purity. When silver is nit mixed or combined with any other metal it is considered to be pure. The purity of silver is ascertained in terms of percentage and the purest form of silver is 99.9%. It refers to the metal being free of any contamination, adulteration or in combination with any other metal.
The purity levels of silver available in market are tabled below.
1. Can a person invest in silver?
Yes. Silver is a very good instrument of investment as it is considered to be a stable investment option. Customers can also trade in silver in the ETF or Exchange Trade Funds. Such ETF is not available in the Indian Market. Hence customers can trade in the ETF available in US market by registering for the same through a recognized stock broker. Silver can also be traded in futures and commodity market.
2. What are the lot sizes of silver while trading on the futures or commodity market?
Silver is traded on futures and commodity market in lot sizes of 1 kg each. These contracts are in the nature of spot contracts. The delivery of these contracts is not done on immediate basis.
3. What is the best form of silver for investment?
Silver available in the form of coins or bars or bullions is the best form for investment purposes. Customers get maximum return on investment value in such forms. There is no unnecessary reduction of value on account of precious stones or other metals imbibed in silver.
4. What makes silver a better investment option than gold in markets?
Silver is a relatively cheaper mode of investment as compared to gold. Customers can therefore buy silver in bulk for investment purposes. Also, silver is available in abundance and is a versatile product. These are some of the main reasons that silver is a preferred more as compared to gold in markets.
5. What are the various forms of silver available in market?
Silver is available in many forms like silver coins, silver bars, silver bullions, silver jewellary or silver household items. Silver in any form has to be purchased through trusted and certified sources like Authorized sellers, Jewelers, Banks or E-commerce portals. The silver purchased from these sources should have the following markings for it to be authentic.
CreditMantri will never ask you to make a payment anywhere outside the secure CreditMantri website. DO NOT make payment to any other bank account or wallet or divulge your bank/card details to fraudsters and imposters claiming to be operating on our behalf. We do not sell any loans on our own and do not charge any fee from our customers/viewers for the purpose of loan application