Where can I buy silver bars in India?

Silver bars can be purchased in India from public sector banks, private sector banks, and jewellers.

What exactly is hallmarking?

Hallmarking is the process of officially recording and determining the metal content of gold/silver items. It is used as a guarantee seal that ensures purity and is recognised in many countries.

Is there any tax on silver purchases?

Yes, you must pay a levied service tax when you buy silver. If you pay in cash for silver bullion worth more than Rs. 5 lakh, you will be charged a 1% tax.

What are the benefits of purchasing silver coins from a bank?

Purchasing silver coins from a bank ensures the silver's quality and authenticity. Each bank purchase of silver comes with a quality certificate. The bank would sell the silver to you at the current market rate, reducing the possibility that you would overpay for the silver.

Which silver bullion is the best to buy?

While there is no 'best silver' to buy, there are some benefits to purchasing silver coins. They are inexpensive to transport and liquidate, making them an excellent investment. They are also easier to collect than silver bars, and junk silver coins can be purchased for less than the spot price.

GM	Today's Price	Yesterday's Price	Price Change
1	₹89.66	₹89.66	₹0
10	₹896.6	₹896.6	₹0
100	₹8,966	₹8,966	₹0

Date	Price
2024-07-19	₹89,660 (2110)
2024-07-18	₹91,770 (170)
2024-07-17	₹91,940 (1830)
2024-07-16	₹93,770 (1150)
2024-07-15	₹92,620 (460)
2024-07-14	₹93,080 (10)
2024-07-13	₹93,070 (0)
2024-07-12	₹93,070 (1030)
2024-07-11	₹94,100 (1170)
2024-07-10	₹92,930 (50)

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