![]() ![]() Buying silver in the electronic spot market is also ruled out with the National Spot Exchange shut. Investors can convert their e-Silver into physical silver or into cash by trading in NSEL. The unit of e-series is 100 gm for silver. After opening a Demat account, the investor can buy silver in dematerialised form online. The name of the depositories is can be found on the NSEL website. To trade in NSEL, investors have to open a separate demat account with any of the depositories. The trading hours of NSEL is from 10 AM to 11:30 PM.Investors can buy a minimum of 1 unit of silver equivalent to 100 grams of silver in demat form at real-time Indian prices, which tracks the international gold/silver prices. National Spot Exchange (NSEL) has E-series products like E-Gold and E-Silver, wherein people can trade or invest in silver just like they do in equities. You can place your bets on the metal, in the futures market, if you so want. Silver is one of the precious metals which is freely traded, so can buy it in the physical form and the electronic form. The smallest contract in silver is traded in units of 1 kg and delivered in minimum lots of 30 kg. In commodity future exchange, the contract sizes are large. You can buy silver in the commodity futures exchange also. It will also include a melting charge of 15 per cent upwards at the time of resale, which lowers effective returns. These include the making charge of 10 per cent or more. Because when we buy the silver coin from banks we have to pay charges including for the tamper-proof packing and an assay certificate.Ä«uying silver as jewellery is also more expensive than buying coins. Usually, silver coins from banks are expensive. We can buy silver only from a bank or a jeweller in India. Higher the demand, higher would be the price of the precious metal and vice versa. It is important to know that like all other metals, silver is a function of demand and supply in the country. One of the prime reasons for silver to be cheaper is because of the lessser demand worldwide. The imbalance in supply and demand between gold and silver makes up most of the difference in their prices. One of the most crucial elements that go into making silver cheaper than gold is the rarity of the metal itself. Silver used for conductivity purposes in dated electronic devices. The majority of silver is used industrially. Silver has been considered cheaper than gold throughout modern history. These also include interest rate movement as also inflationary trends in the country. ![]() All in all, there are many other factors that tend to influence the per gram silver rate in India. On the other hand, when silver prices go higher, gold prices to act in tune. What we mean is that when gold prices go higher, silver prices too rally. Now we wish to state that good and silver prices move almost in tune with each other. ![]() In India silver prices largely takes cues from what is happening in the international markets. Among these include the international prices of the precious metal. There are a number of factors that impact silver prices in India today. Factors determining silver price per 1 gram in India today ![]()
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