Today’s Silver Rate in Assam

Assam has a significant populace of middle-class & upper middle-class sections of society who consider investment in the white metal as a safe haven of investment in the long term. Silver can act as shield against any financial crunch and instability. Many investors in Assam buy silver coins and bars since silver is more affordable than Gold. Owing to its fundamental value, and instant suitability anywhere in the world, silver is widely held in approbation.

Silver, often termed as ‘poor man’s gold’, has always been in demand in the state of Assam. Due to its affordability & acceptance, the natives of Assam never hesitate in Investing in Silver. Silver is by and large viewed as a secured hedge against inflation in the country and upcoming economic uncertainty. Many consumers in Assam consider sterling grade silver as a stout form of investment in the long run. Sterling grade is also known as grade 925 and consists of 92.5% of silver and 7.5% of copper.

• Physical silver (coins/ Bars/ Jewelry): Many consumers in Assam buy silver coins or bars which are the most preferred and usual form of investment here. Silver is also purchased in the form of elaborate silverware & various other traditional ornaments. Assam has several major jewellery stores which sell various kinds of silver articles ranging from decorative artifacts to ritualistic utensils. Specially designed Silver ornaments such as anklets, necklaces, toe-rings, and bracelets are an integral part of Assamese wedding and family rituals and thus are most sought in the local market here.
• Silver contracts: Silver in Assam is also traded in National Multi Commodity Exchange (NMCE), National Commodity & Derivatives Exchange (NCDEX) and Multi Commodity Exchange (MCX). SILVER (1000) & SILVERM (silver mini) are traded here in bulk units of 5 kg whereas SILVERHEDG & Silver micro (SILVERMIC) is traded in the unit of 30 kg & 1 kg respectively. Even though silver contracts are yet in the infancy stage here in Assam , the business class has now started to invest strongly in the same.