Silver Rate Today- Silver rate keeps pace with gold prices. When the price of precious metals rises, so does the price of silver. Over the past few months, silver prices have risen as international prices have risen on the ground. As a result, the price of silver in Kolkata also increased slightly. Since the beginning of the year, we have seen modest gains of around 5-7 percent in silver prices.
Today Silver Rate in Kolkata- 10/10/2023
| Gram | Silver Rate Today | Silver Rate Yesterday | Daily Price Change |
|---|---|---|---|
| 1 gram | ₹ 72.60 | ₹ 72.60 | ₹ 0 |
| 10 gram | ₹ 726 | ₹ 726 | ₹ 0 |
| 100gram | ₹ 7,260 | ₹ 7,260 | ₹ 0 |
Silver rates in Kolkata in 2023
Silver rates in Kolkata are linked to many factors and these include things like international prices of the precious metal. These again depend on many factors including the movement of precious metals, against the dollar etc. Also, if there is geopolitical tension, the price of silver will go up, which is a good thing for investors in Kolkata. Investing in silver over the past few decades has been a rewarding experience for most investors, who have a long-term perspective on the precious metal. If you are a long-term investor, it is better to be patient and hold it for a longer time. You should check the prices of precious metals often.
Why Investment in Silver...?
For those who cannot afford to invest in gold, they see silver as a viable investment proposition. Much of the demand for silver comes from rural areas. Silver may be slightly less liquid than gold, but, nevertheless, it acts as a hedge when needed.
Today, for those who are silver savvy, one can also invest in the futures market. One of the advantages of investing in silver through the futures market is that there is no worry about theft. Another reason to invest in metal in this process is that you don't need a locker or other safe place to hide the metal.
Returning to the silver rate in Calcutta, it may be in line with global market momentum. At this point, silver prices have been capped over the past few years. Barring economic turmoil or geopolitical tensions, silver prices are unlikely to rise sharply.
The price of silver in the international market depends on many factors, including the possibility of inflation, the movement of the dollar and the liquidity situation in the world. Also, if investors are risk-averse, they tend to shift money from equities and other risky assets to gold and silver. Don't forget to check the silver rate in Kolkata before investing
Silver Properties and Uses
Silver is a chemical element with the symbol Ag and atomic number 47. It is a shiny, white, and highly reflective metal. Silver has been used for various purposes throughout history due to its unique properties.
Here are some key points about silver:
1. Physical Properties: Silver is a soft, malleable metal with a relatively low melting point. It is an excellent conductor of electricity and heat, making it valuable in various industrial and electronic applications.
2. Chemical Properties: Silver is relatively unreactive. It doesn't corrode easily, which is one reason why it has been used for making coins, jewelry, and other decorative items for centuries.
3. Uses:
- Currency: Silver has been used as a form of currency in many cultures throughout history, and silver coins were once commonly used for trade.
- Jewelry: Silver is popular for making jewelry due to its lustrous appearance and malleability.
- Electronics: Silver is used in various electronic components, such as connectors and conductive materials, because of its excellent electrical conductivity.
- Photography: Silver compounds were widely used in traditional black-and-white photography.
- Medicine: Silver has antimicrobial properties and has been used in wound dressings and as an antimicrobial agent in various medical applications.
- Mirrors: Silver-coated glass mirrors are known for their high reflectivity.
4. Mining: Silver is primarily obtained as a byproduct of mining other metals like lead, zinc, and copper. Significant silver-producing countries include Mexico, Peru, China, and Russia.
5. Price and Investment: Silver is also considered a precious metal, and its price can fluctuate significantly in financial markets. Some investors buy silver as a hedge against inflation or economic uncertainty.
6. Symbolism: Silver is often associated with purity, wealth, and prestige. In some cultures, it holds cultural and symbolic significance.
7. Health Concerns: While silver has antimicrobial properties, excessive consumption of silver or exposure to certain forms of silver compounds can be harmful to human health.
8. Environmental Impact: Mining and processing of silver can have environmental impacts, including habitat disruption and water pollution.
Overall, silver has a rich history and a diverse range of applications, making it an important element in various industries and cultures.
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