With reports hinting the average price of silver to be averaging between $23 per ounce in 2023, investing in silver is a smart approach to earn returns. Silver may also outperform gold in the near future, considering the increasing global demand for this white metal. With analysts being cautious.....
As mentioned above, silver hallmarks are not mandatory, but you can ask the jeweller to get a piece of jewellery hallmarked at the time of purchase. The jeweller will take the silver to the nearest BIS assaying centre for testing. If the silver meets the BIS regulatory standards, it will be hall.....
To calculate the price of silver for taxation, you need to understand that the cost of silver jewellery also includes other elements, such as hallmarking and making charges. The formula for calculating the silver price is: Rate of silver = Silver price per gram X the volume of the metal you hav.....
Precious metals have been a preferred investment choice for a long time due to their intrinsic value and potential for long-term growth. Among these is silver, which is considered a liquid investment, and it comes in handy in many cases. Silver bars, coins, jewellery, and silverware are some of.....
There are different types of silver available in the market. Each kind of silver possesses distinct characteristics and applications you can choose based on your requirements and preferences. Various silver types and prices are based on the purity of the silver as well as the kind of supporting.....
To buy silver bullion, you can choose from several routes, each having its own advantages and charges. The rate of silver in India depends on its purity and weight. You can buy silver bullion from the bank to get the highest purity silver in India. Banks decide the silver price based on the pur.....
The silver market in India has witnessed great growth in recent years. Moreover, the growth momentum of the silver market in India is expected to continue. In fact, at a demand of 1.242 billion ounces (boz), 2022 recorded the highest demand for the white metal. With the growing demand and c.....
For those investors involved in trading gold and silver, it is important to be familiar with the concept of the gold-silver ratio. This is because investors anticipate trends in this ratio to decide whether to buy or sell any of these hard assets. Investors employ the strategy of a long positio.....
Since COMEX is the largest silver futures and options, the fluctuations in this commodity exchange trigger price fluctuations in other regional markets. Hence, it is important for investors to be aware of the trend in silver prices on COMEX. Note that certain local and geopolitical factors influ.....
Silver is one of the oldest and the most popular metals finding its applications across industries. The earliest record of silver use comes from modern-day Turkey, dating back to 3,000 BC, where it was used as currency for trade. Over the centuries, the use of silver has changed dynamically, fr.....