Silver is one of the safest, surest
investments for your money at the moment. And while that’s not likely to change
any time soon, investing now can be way more rewarding than investing at a
Silver rate today in India stands
at about Rs 39,960 per kilogram, with the gold/silver ratio at a multiyear
high. The growing demand for the white metal all over the world, coupled with
the limited supply means silver holds the potential for being more profitable
than gold in the foreseeable future.
A physical asset whose value is
virtually independent of the performance of national and international
currencies, silver is a wonderful investment option to buyers, both newbie and
experienced. But with so many buying options, sources and charges involved, the
act of buying silver can be a bit confusing. How do you go about buying silver?
Where should you buy from, and in what form?
Here’s all you need to know about
investing in silver in India…
Silver Buying Options
Buying Silver in Physical Form
comes to buying silver, there are so many various forms that can leave a
beginner scratching his/her head. There’s the staple silver jewelry, coins,
bars, medallions, even utensils! So which of these should you look to invest
into? Unless there’s a wedding or a ceremony on the horizon that would require
you to purchase or gift jewelry, you should look to invest in silver bullions (coins,
ingots and bars) or silver items with minimal work or fabrication done on the
the cheapest as there would be no making/fabrication charges added to their
price. Silver utensils and decorative items may have mixed alloys which
depreciate their value, and may have some degree of fabrication involved which
adds to their final price. When you’re looking to buy silver purely from an
investment point of view, it’s essential you focus on minimizing your
expenditure and acquiring the maximum quantity of silver that money can buy.
has become a popular investment during recent times. As the name suggests,
investing in e-silver means purchasing and subsequently owning silver in
electronic form, in a demat account. Though this does take away from the
aesthetics and joys of handling the precious white metal, e-silver has its own
advantages. You don’t have to worry about storage and security as in case of
physical silver and you can include your e-silver in your investment portfolio.
Note that you’re required to have a separate demat account for making a
purchase. The minimum quantity available for purchase is one unit, equivalent
to a hundred grams of silver. E-silver is easy
to trade, you can sell or purchase online in the same manner as shares. Also,
you have the facility to convert your e-silver assets into physical delivery in
Where to Buy Silver
comes to buying silver, the traditional way is the best and the most
economical. You are more likely to get the best price at a credible jeweler
than from any other selling body, including the government corporations and
private banks. Even Metals and Minerals Trading Corporation, a government run
metal trading unit and National Indian Bullion Refinery sell at a higher rate
owing to the added guarantee and packaging charges. It’s hence advisable you buy
from a trusted jeweler who can provide you with a purity certificate.
looking to purchase larger quantities, commodity futures markets like Multi
Commodity Exchange (MCX) and National Commodity and Derivatives Exchange
(NCDEX) are a viable option. Note that the minimum silver contracts that they
trade happen to be in units of one kilogram and are delivered in lots of thirty
kilograms. Also, the end price you’re required to pay for your purchase is
inclusive of the initial margin.
Bullion India is a private trading
unit that offers gold and silver to its members at wholesale rates. Their
silver is 999 fineness 24 carats and is globally acceptable. You can buy as
little as one gram, which is a wonderful option for small investors. Members
can store their silver at the company’s secured vaults and can have it
delivered to them whenever they like. The company provides its members with
24X7 online access to their account and charges no brokerage fee or account
Up Now, but Remember To Sell At the Opportune Time
Created on Jul 14th 2019 09:01. Viewed 385 times.