Silver has always remained an attractive investment for the people of Delhi. One of the reasons why there is a huge demand for the metal in Delhi is the fact that the city also has a huge population. In fact, a significant portion of the demand for silver comes from the city. Silver price in Delhi is seeing investment in every form, including utensils, silverware, coins etc.
Silver rates in Delhi tend to move according to the interntaional markets. When there is a rally in the international markets, we could see a sharp movement in the prices in Delhi.
These days, we have not seen a great movement in the price of the metal either ways. In fact, in the last 12 months, the metal has more or less exhibited a more steady trend.We expect silver rates in Delhi to stay steady, unless there is a huge uptick in prices of the metal across the globe.
In case, you do not wish to buy silver in the physical format, you can also buy the metal from the MCX. Here you can buy silver contracts from the exchange. The good thing about investing through this mechanism is that there is no worry about theft and there are no bank locker charges as well.
Interesting Facts about Silver Metal
Gold is one of the most sought forms of metal when it comes to jewellery. Silver metal has also gained a predominant role in our history be it for its ornamental pieces to medicines, photography and so on.
Let’s understand some of the interesting facts about silver, at a glance:
Silver is shiny when polished. The polished silver reflects 95% of the visible light spectrum and hence it is the most reflective metal. Due to its nature as the most reflective metal, it is used in the manufacture of mirrors. Its properties of reflection have made its usage in the making of microscopes, telescopes, solar panels and so on.
The word silver comes from the Anglo-Saxon word Seolfor. The word silver is one of the English words which has no possible rhyming word. The words silver and money are the same in fourteen languages or more.
Silver metal is one of the first five metals to be ever discovered by mankind. Silver objects are known to be found as far back as 4000 BC. It is the first metal to be used as currency and during ancient Egypt. At one point in time, the value of silver was higher than gold.
Silver metal is good for health. Often, we are heard of the phrase, born with a silver spoon in his or her mouth. It is often referred to as meaning that the child grew up wealthy. Due to the germ-killing properties of the metal, to date children are fed with silver spoons often in wealthier families.
Silver was used as a currency. Shiny metal was used a lot in currency during the previous era. In 1794, the first silver US dollar coin was minted. Few experts note that they were the first set of silver dollars minted anywhere across the globe. It became an instant hit and widespread that out of this, the idea of the coin was born of what the dollar should be.
During the 2015 auction, one of these coins went for around $5 million. The silver coins minted in the U.S. before 1965 consisted of about 90% silver. The Kennedy era saw half a dollar minted in the United States of America during 1965 - 1969 consisted of 40% silver.
Silver metal has the highest thermal conductivity. Out of all the elements in the periodic table, silver metal is the best conductor of electricity. The metal is used as the standard by which other conductors are measured. Out of 1 to 100, silver ranks 100 in terms of thermal conductivity. Gold ranks at 76 and copper at 97.
The silver compound silver iodide is used for cloud seeding. The usage of silver iodide will lead the clouds to produce rain and it also tries to control hurricanes.
Mexico is one of the leading producers of silver metal in the world. During 2017, it managed to produce around 5600 metric tons of metal. The second-largest producer of silver is Peru followed by China.
Disclaimer: There maybe definitely a variance in rates and prices. GoodReturns.in has made every effort to ensure accuracy of information provided; however, Greynium Information Technologies Pvt Ltd, its subsidiaries and associates do not guarantee such accuracy. The rates are for informational purposes only. It is not a solicitation to buy, sell in precious silver. Greynium Information Technologies Pvt Ltd, its subsidiaries, associates do not accept culpability for losses and/or damages arising based on silver information provided. Silver rates are the futures rates across all cities in India and hence there maybe price variation.