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Silver Price in Mysore
Silver is one of the precious metal that people buy after gold as an ornament or as a form of investment in Mysore. As an alternative to gold, silver has provided better returns than gold in Mysore. Silver prices are seen to be rising when the economy and markets were bearish or when there was no certainty over the future trends. This precious metal seems to be stable all over the world even in times of financial uncertainty. Silver, in Mysore, has been called as the ‘poor man’s gold’. The individuals buy silver in the form of jewelry, utensils and as gift items. Rural areas use silver as hedge against inflation.
Silver rates in Mysore are a good indication of the rates prevailing in the country. Silver rates in Mysore are constantly changing and are updated daily. The updated rate of silver information can be gathered from the dealers in Mysore directly or through the various online financial websites.
Silver as an Investment:
Silver can be invested in the following ways:
Jewelry - Buying silver as a jewelry or artefact is expensive than buying silver coins. But a lot of households use silver cutlery. The children adorn the silver ornaments like anklets, chains, rings and earrings. But, when you resell the jewelry, the making charges of about 10% is deducted and a melting charges is levied, which lowers the returns.
Coins and bars - Silver can be bought in coins and bars. Usually silver coins are used in India for gifting or during the puja ceremonies in certain religion. The silver purchases are high during the festive and wedding season. The banks also offer silver coins and bars but they won’t buy it back from you.
Silver bullion - Through Bullion India, you can buy small quantities of pure silver at a lowest possible price with an option for free storage for no fee. The market rates are affordable and the quality is ensured. It is easy to open and operate the account. Minimum documentation is needed. You can redeem the holding and take physical delivery of the bullion at your doorstep.
Leading Banks allow you to invest in physical silver and they provide certification for the same. But the silver is sold for a higher rate than that is being offered by the dealers and jewelers.
Silver Price Trend in Mysore
Silver rate as of 16th June, 2015 for 1 gram was Rs.39.36.
The rates of was high 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 soar in the coming years.
Where can you Buy Silver from in Mysore?
You can buy silver in Mysore at Mysore Silver Palace, Bhima & Brother, MGB Jewellers, Nagaraja Shetty & Bros Jewellers, Sri Shanti Jewellers, Sri Krishna Jewellery Mart, Prakash Jewellers, Sri Misri Jewellers, Jayadeva Jewellers, etc. The jewelers will offer silver in the form of ornament, coins, bars and in any other customized form that the customers requires.
Also Check Silver Price in NearBy Cities of Mysore
|Silver Rate In Bangalore||Silver Rate In Coimbatore||Silver Rate In Kannur|
|Silver Rate In Mangalore||Silver Rate In Salem||Silver Rate In Kozhikode|
|Also Know: Gold Rate in Mysore|
Read more on Silver
- Silver – Poor Man’s Gold
- Silver Bars and Silver Coins
- Silver Jewelry
- How to Find Certified/Authentic Silver
- Need for Silver as an Industrial Commodity