Silver Price/Rate in Tirupati

FAQs on Silver Rate in Tirupati

• How much is the highest purity of silver in Tirupati?

  The highest purity of silver is 99.9%.

• Do I need to pay GST while buying silver metal in Tirupati?

  Yes, you need to pay a GST of 3% while buying silver metal.

• Is it possible to check silver purity at home?

  Yes, there are multiple ways to check silver purity at home. You can test the metal with a piece of magnet as such precious metal has non-magnetic properties. You can sniff and check if the metal is pure. However, this will work only if you are an expert in differentiating between silver and other metals. You can also scratch the metal with your nail or sharp object to check if it is pure.

• Can I purchase silver from a bank?

  Yes, you can purchase silver from a bank.

• Which factors affect the silver rates in India?

  The silver rates in India are affected by multiple factors like international price of the precious metal, dollar rate fluctuations, transportation cost, policies made by government, etc.

• Is investing in silver better than investing in stocks?

  Yes, investing in silver is better than investing in stocks. This is because with time, silver's value might hold or even increase, giving you a chance to earn profit.