Today Silver Rate In Kochi _{Last Updated : 09 Feb 2023}

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Today's 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 rate todayis 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.

Know - Silver rate in India

Silver investments in 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.

Also Check Silver Price in NearBy Cities of Kochi

Know - Silver Rate in Kerala

FAQs on Silver Rate in kochi

1. Who decides the silver rate in India?

   The companies engaged in the purchasing and selling of silver determine the silver rate in India.

2. Can I purchase silver coins in India?

   Yes. You can purchase silver coins in India from a certified jeweller.

3. What is the reason for an increase in silver rate 2022?

   The weakening of currencies, particularly the dollar, and market turbulence are causing silver prices to increase.

4. When is the best time to purchase silver in India?

   When the market is stable and you are prepared to invest in silver at the current prices, then is the best time to buy it in India.

5. Do I have to pay GST while purchasing silver in India?

   Yes. You need to pay 3% GST while buying silver in India.

6. It is important to buy silver ornament that is hallmarked?

   Yes, a silver ornament with a hallmark indicates that the silver inside is pure. The Hallmark seal is used to guarantee the purity of the silver.

7. What is the difference between sterling silver and pure silver?

   Pure silver has an actual silver content of 99.9%. On the other hand, sterling silver has a purity of 92.5% pure silver mixed with 7.5% other metals.

8. What are the factors which fluctuate the silver prices in India?

   The factors which fluctuate the silver prices in India are demand and supply, oil prices, industrial demand, festive season, gold rate, trade deficit, etc.

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