Current Scenario Of Silver Price In India

By Author: ruchi jain
Total Articles: 123
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Excluding gold, silver is the next traditionally accepted valuable metal in India. But with the continuous rise of gold price in India, nation is in the tight spot of weather to invest in silver or not? Well considering the existing scenario, dollar continued to remain weak and Silver has seen its status decline in relation to gold in recent times because of the lofty utilize of silver metal for many manufacturing and trading purposes

Therefore if you are planning to invest on silver this season, I would say it's the apt time to execute your plans, with the price movements is merely a reflection of its properties being an industrial as well as precious metal. This is because silver maintains a more than 90% positive correlation with both gold as well as copper, a quintessential industrial metal which is used for various purposes. The silver prices follow the trend of gold prices many a time, while the price swings is more due to its correlation with copper.

Considering the current stats, Silver prices went up by 0.39 per cent to Rs 58,426 per kg in futures trade presently as investors inflated their positions, ...
... taking positive nods from abroad. Moreover, at the Multi Commodity Exchange, silver prices for delivery in March were up by Rs 227, or 0.39 per cent, to Rs 58,426 per kg in business turnover of 1,609 lots. Similarly, the white metal price for delivery in May traded higher by Rs 118, or 0.37 per cent, to Rs 59,784 per kg in 120 lots.

With the constant variation of the price rise every month, silver price in Ahmadabad has arrived at Rs. 59,598 for 1 KG and Rs. 5,959.80 for 100g of the metal whereas silver price in Bangalore is Rs. 59,800 for 1 kg and Rs. 5,980 for 100g of the white metal which is slightly higher as compared to Hyderabad.

More to the point, silver price in Chennai is measured at Rs 57740.00 for I kg and Rs 61.80 for I gm of metal. But silver price in Hyderabad is flat at Rs. 59,747 for 1 KG and Rs. 5,974.70 for 100g. Silver price in Delhi has witnessed a change of -0.34 at Rs 57900.00 which is highest of all the cities I have above mentioned.

Regular rise and fall in the silver price leads of unawareness in humans. Thus if you wish to get an instant news about the latest price every hour, what can be better that online classifieds. All you have to do is to register on the site for free and get dependable results with little exploration on the respective section of the site.

Author is giving information about Silver price in Ahmadabad and silver price in Bangalore. For more detail log on to khojle.in where you will find the current price of gold and sliver.