Today's Silver Price in Patna

Silver as an investment in Patna

There is a view that many customers feel more secure investing in traditional forms of investment since they may be wary of financial instruments such as stocks and government bonds thanks to high rates of inflation, alleged corruption and fears about the overall business outlook. To avoid uncertainties, people, therefore, tend to prefer conventional forms of investment such as precious metals and particularly silver which is more affordable compared to gold.

Physical silver - Silver is bought in the form of coins, bars, silverware and various gift articles. Intricate and designer silver jewellry is in demand amongst the younger populace. According to market observers, the average silver price at Rs.33,500 per kg is an attractive option for physical investment.

Silver contracts - Customers buy silver-futures contracts at commodity exchanges in the country. The contracts are, however, short-term in nature. Silver micro is traded in 1 kg. Customers should bear charges such as exchange levy and stamp duty among others.