Silver Rate Today in India

The demand for Silver in India rises during the festive season. From Dhanteras to Diwali, buying Silver is considered auspicious and a good omen. Even during the wedding season in India, a Silver coin is gifted to wish the couple prosperity in their married life. 

Precious metals like Gold and Silver have a rich history in India. Silver is considered the symbol of good luck, prosperity, and success. Read in to know today's rate of silver in India and understand the idea of silver as an investment option. 

How is the Purity of Silver Evaluated in India?

To ensure that you are buying pure and authentic Silver, there are a few signs that you should look for. Following are a few points to verify the purity of the Silver you buy.

BIS Mark

The BIS Mark, or the logo of the Bureau of Indian Standards, is the most prominent mark to check the purity of Silver. A dot is present inside a triangular symbol. 

Jewelers Identification Mark

Check the identification mark of the authorised jeweller you purchase the metal from. It acts as a valid sign of the purity of Silver.

Purity Grade

The purity grade of pure Silver is 999.9, 999.5, or 999. It is 970, 925, 900, 835, and 800 for jewellery, silver alloys, and artefacts. 

Interesting facts about Silver

Among the many uses of silver, it is also used as a utensil in Indian Households. The metal is known to have antibacterial properties, which makes it a preferable utensil option. 

Silver was considered more valuable than Gold in medieval Europe and ancient Egypt. 

The first-ever Silver coin was forged in India, in Thiruvananthapuram. Now, over 100 shops in the capital city of Thiruvananthapuram sell pure Silver. 

Silver as an investment in India 

Over the years, India has proven to be one of the most prominent markets for metals like Gold and Silver. Today's silver rate in India makes investing in silver bullion and ornaments feasible. However, Silver is frequently used in industrial applications such as solar panels, computers, and mobile phones. So far, no other metal has been able to replace it.

Investing money in different assets, like Silver, offers good returns on investment. Compared with other asset classes, Silver's price is not overvalued.

Investing in Silver is also a great way to diversify your portfolio. Most individuals fall into the trap of putting all their money into the stock market because it provides quick and appealing returns. However, if the share market crashes, one might have to bear the consequences. 

As a result, you should always seek ways to diversify your investments, and investing in Silver may be the best option. You need to observe the popular trends in the market and see the behaviour of bullion and the stock market in times of economic crisis.

How to Invest in Silver?

Silver is better suited for long-term investors because it is a commodity that appreciates over time. There are numerous ways to invest in Silver; select one depending on your investment objectives.

Silver bars or coins (bullion)

Coins and bars can be purchased from any authorised store or bank. 

Silver jewellery and ornaments

Silver ornaments are as popular among Indians as gold ornaments. However, always choose sterling silver with the 925 hallmarks. This means that the Silver is 92.5% pure.

Silver stocks

Silver is a popular long-term investment that can operate as a hedge in market fluctuations, so this is a popular investment method. The cost to be paid is the city's silver rate that day.

E-silver

Electronic Silver, also known as e-silver, eliminates the need for physical silver storage. You can trade them directly on NSEL (National Spot Exchange Limited).