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.
Movement of Silver Rate in Delhi
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.
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.