Silver Rate In Kochi

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Silver Rate In Kochi

Kochi which was formerly known as Cochin is a major port city in the state of Kerala. It is a major tourist hotspot with a very rich culture to boast of. Everyone knows about Kerala’s obsession with gold but what many might not be aware of is that silver is considered just as precious in this state. Silver is the second most popular and sought after metal in India and this holds true for Kochi too. Speculation and supply and demand usually acts as the driving force in determining the price of gold.

Current Silver Rate In Kochi

The rate of silver is much more volatile when compared to the gold rate due to lower market liquidity and fluctuation in demand. The price of silver for 1 kg in Kochi as of 2nd March 2016 is Rs. 39,178 as it reduced from Rs. 39, 328 which was the cost on 29th of February 2016.

Given below is the rate of silver for the month of February and March 2016.

Silver investments- Kochi

There are many ways in which one can invest in silver. Listed below are the most popular and prefered methods of investment in silver.

• Silver bars and coins - Silver coins is one of the most popular forms of investment and silver bars don’t lag behind too. The main reason to choose silver coins as an investment is the cost and the convenience of storage.
• Silver ornaments - Though gold ornament is more popular, silver ornaments has its own set of followers. Silver ornaments are popular because of their simplicity and cost. Silver decorative items are also considered as a very popular form of investment in Kochi.
• Silver ETFs and Mutual Funds - Silver ETFs and Mutual funds actually make it possible for the investor to invest in Silver without having to go through the hassles of handling it.