Silver Rate in Jodhpur

FAQs on SilverRate in Jodhpur

• What purity of silver is best?

  Fine silver is the purest form of metal which has 99.9% silver content in it. This suffers minimum tarnish but is too soft to be used in jewelry making. Silver 92.5% silver content is preferred over fine silver in jewelry making as these are mixed with 7.5% copper to make them strong and suitable for making ornaments.

• What are the ways to invest in silver in Jodhpur?

  People in Jodhpur can invest in silver in the form of silver jewelry, coins, and bars. People of Jodhpur also prefer using silver utensils and invest in silverware as well. Silver coins and bars can be purchased from banks and jewelry stores. The bars weigh between 500 grams to one kilogram and can be purchased from Futures exchange and silver ETFs. But as there are no Exchange Traded Fund (ETFs) in Jodhpur, investors can open an account with a stockbroker to invest in international stock markets.

• What are the factors to remember before buying silver in Jodhpur?

  The factors that should be remembered before buying silver in Jodhpur are the certification, prevailing silver rates, and the form of silver that the buyer wishes to purchase. Buyer must ensure that the silver item has Bureau of Indian Standard (BIS) mark, Assay center's identification mark, jeweler's or the manufacturer's identification mark, year of making, and the purity level.

• What are the charges applicable for trading in the futures market?

  Currently, as there is no Exchange Traded Fund in Jodhpur, people can purchase silver bars through Futures Exchange. To trade in the Futures market, the charges that might levy on the silver may be brokerage, stamp duty, and other charges.

• What are the factors that affect the silver price in Jodhpur?

  The factors that influence the silver price in Jodhpur are industrial demand, investment demand, and the import duty. Silver is used in various gadgets and in the medical industry, which cannot be replaced by any other metal. Silver is also an attractive investment tool that hedges against inflation. The increasing demand of the white metal and the import duty imposed on silver impacts the overall price of the metal.

• Is silver price same across India?

  No, the cost of silver is not the same across the country. The state taxes and making charges vary from state to state which are imposed on silver that causes the difference in silver prices across the country.

• How can I test the purity level of silver at home?

  The purity level of silver can be tested at home using an ice cube. Silver has the highest thermal conductivity in the periodic table and hence, will melt the ice cube kept on any silver jewelry or silverware way faster than other metal such as nickel or zinc.

• How do I clean silver?

  Silverware or any silver jewelry can be cleaned and maintained at home using dish soap and water, aluminum foil and baking powder, laundry detergent, toothpaste, polish, corn starch, hand-sanitizer, lemon-lime soda, ammonia, and vinegar.