Silver Rate in Noida

Silver as an investment in Noida

India is considered as the greatest market for precious metals such as gold and silver. However, if you find it difficult to invest in gold, you can invest your valuable money in the precious silver metal. This is because the rate of silver is a comparatively more reliable and affordable option to invest in than precious yellow metal.

Silver Coins - Although silver coins can easily be purchased in the market, it is always a good idea to purchase them from a trusted source. It is always advisable to buy silver coins from a certified jeweller. Silver coins are ideal investment options as there is no risk of losing money on transactions nor you have to purchase it in higher quantities. Not only this, if you are planning to purchase silver in future, coins will allow you to buy silver at a very low price. Investors can purchase a specific number of silver coins depending on their financial capacity and can sell them later at higher prices.

Silver Bars - Apart from silver coins, silver bars are also the good investment option. The investors can invest a large sum of money in buying silver bars and save them for later. As silver bars are in huge demand, you don’t have to face any problem in selling them in future. Due to their size and preference for selling only packed coins that have been certified by reliable sources, banks are unlikely to sell them.

Silver Futures - If you are not ready to invest in physical silver, you can make investment via the commodity market. You must make a somewhat larger investment than usual in silver, and you must pay a portion of the overall contract value. Silver futures are a good option to bet on the increasing or decreasing silver price without the problems of owning physical silver.

Factors Affecting Silver Rate in Noida

Given below are the factors affecting silver rate in Noida:

Demand and Supply - The demand and supply play a major role which affect the silver price in the country. An actual increase or decrease in the supply and demand ratio would result in the fluctuation of the prices of precious white metal.

Inflation - Inflation means the rise in the price of goods and services. It is directly proportional to the change in the price of silver. This means, that if the inflation level is higher, the rate of the precious white metal will increase and vice versa. The main reason behind this is that people mostly prefer to hold their asset during inflation.

Industrial Demand - As India is focussing on industrialization, the requirement of silver has increased which is increasing the price of the precious white metal.

Strength of U.S. Dollar - The US dollar the strongest currency across the world and it plays a crucial role in the change in the price of silver. Apart from this, the participants present in the silver market have an in-depth knowledge that a change in the value of US dollar can impact the silver rates.

What is the Mandatory Checklist for Buying Silver in Noida?

You have to consider the following things before purchasing silver in Noida:

Purity - It is always recommended to purchase hallmarked silver. According to the Bureau of Indian Standards (BIS) rules, you should consider four signs before buying hallmarked silver such as BIS logo, hallmarking centre's identification number, fineness or purity grade, and the jeweller's identification number or mark. In case, the jeweller is providing you the non-hallmarked silver item, you should request him to show hallmarked jewellery.

Making Charges - When we plan to buy silver jewellery, we normally consider price quoted by the jeweller on face value but it is always advisable to ask the jeweller what is the current market value of silver and how much is their making charges. In general, jewellers charge Rs.3 per gram as making charges but making charges of silver jewellery is lower than gold jewellery.

Gemstones on Silver Jewellery - In some silver jewellery pieces, there are gemstones embedded in them. Thus, you should ensure from the jewellery that they have not included the weight of the gemstone in the silver price.

Check the Buy Back Policy- Many of us tend to sell old silver jewellery pieces in order to buy a new one. However, it is important for you to ask the jewellery about the buy back policy while purchasing the new silver jewellery or utensils.

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