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Trend of Silver Rate in Chandigarh for July 2017 (rates per kg)
|Parameters||Silver price (per kg)|
|July 1st Rate||Rs.38,640 per kg|
|July 31st Rate||Rs.38,640 per kg|
|Highest Rate in July||Rs.38,690 per kg on 3 July|
|Lowest Rate in July||Rs.36,035 per kg on 10 July|
|Overall Monthly Performance||No change|
Silver Price in Chandigarh
People in Chandigarh prefer buying silver as it is affordable when compared to gold. It also provides better returns than gold. Silver prices will steadily rise in the medium to long term as the bullion rises. It has managed to remain stable all over the world during the times of financial uncertainty. Silver has also been called as the ‘poor man’s gold’ due to its availability and low pricing in Chandigarh.
Silver as an Investment:
Jewelry - Buying silver as a jewelry or artefact is a common habit in India. A lot of households use silver cutlery. Women like wearing silver ornaments. But, when you resell the jewelry, the making charges of about 10% is deducted and a melting charges is levied, which lowers the silver jewelry’s rate of return.
Coins and bars - Silver can be bought in coins and bars. Silver coins are used in India for gifting or during the puja ceremonies in certain religion. The silver purchases are high during the wedding season.
The banks on the other hand also offer silver coins and bars and give an assay certification as well, but they won’t buy the silver back from you. Whereas, dealers and jewelers will buy the silver back from you.
Silver bullion - You can buy small quantities of pure silver at Bullion India at the lowest possible price with an option for free storage for no fee or brokerage. The market rates are reasonable and the quality is assured. It is easy to open and operate the account as minimum documentation is required. You can redeem the holding and take physical delivery of the bullion at your doorstep.
Silver Price in Chandigarh
Silver rate as of 16th June, 2015 for 1 gram was Rs.39.36. The silver rates were at the highest at Rs.45,600 per kg in July 2014 and the lowest at Rs.35,990 in December 2014. The average value of silver over the last one year has been around Rs.39,000 per kg.
The rates are based on various indicators and information provided. People tend to buy silver despite the prices being high as they believe that the silver bullion value will rise in the future.
Where can you Buy Silver from in Chandigarh?
You can buy silver in Chandigarh at Kalyan Jewellers, Tanishq, Raj Sons Jewellers, Delhi Jewellers, Subash Chander Deluxe Jewellers Verma, B R Jewellers, Malik Jewellers, Shree Jewellers, Talwarsons Jewellers, etc. The jewelers will offer silver in the form of ornament, coins, bars and in any other customized form that the customer will require.
Also Check Silver Price in NearBy Cities of Chandigarh
|Silver Rate In Delhi||Silver Rate In Dehradun||Silver Rate In Shimla|
|Silver Rate In Srinagar||Silver Rate In Ludhiana|
|Also Know: Gold Rate in Chandigarh|