There are many silver buyers in Delhi and it has become a popular investment option for around 20 investors. The price of silver is cheaper than gold and this is the reason why it has become easier to invest in silver since one can buy it in larger quantities without spending a lot of money. ‘silver.
Since silver is also a precious metal, it always remains in demand. Silver is also seen as a safe investment option in times of uncertainty and has emerged as a hedge against inflation and stocks.
Money can be classified as a commodity and a tangible asset. Tangible asset prices tend to move in the opposite direction to bonds and stocks. According to Business Insider, “For this reason, many investors turn to commodities like silver when the stock market has a poor outlook or during times of economic recession or political unrest. Since it is influenced by different influences, cash can be a good way to diversify and balance your portfolio against stocks or other paper securities.”
Regarding the price of silver in Delhi on August 8, 2022, you have to pay Rs 574 for 10 grams of silver, Rs 5740 for 100 grams of silver and Rs 57,400 for 1 kg of silver.
If the silver price of the last 10 days in Delhi is assessed, the biggest surge in silver prices took place on 5th August 2022 when the price of silver surged by Rs 5900. Prices fell from Rs 6200 on August 6 to stand at Rs 57400. per kilogram.
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