Today’s Silver Rate in Telangana

• Telangana is one of the fastest growing economies in southern India. Cities such as Hyderabad & secunderabad are all poised to grow at a faster pace post formation of the new state. The GDP in Telangana is notable one and people here have a good purchasing power also.
• Hyderabad, the capital city is one of the most populated & ancient cities in country. This historic city has an inheritance of luxurious life style and a natural affinity towards precious metal including silver. The Silver rates in Hyderabad are linked to various local & global factors such as Demand-Production ratio, USD currency strength, and performance of other vital commodities such as oil, etc.
• Silver in Telangana is mostly purchased as Ornaments, Decorative Items, and Utensils for religious rituals. The major procurers are individual who prefer to buy Silver towards their personal consumption in various occasions such as festivals & marriages etc. Telangana has a significant populace who has now started to invest in Silver commodities for both Short & Long terms.
• The demand of silver never diminishes due to its affordability and thus returns from Silver are more secured and reliable. Hence, People of Telangana prefer investment in Silver over other investments options available in market such as equity markets or bank deposits.
• After its formation, the number of industries & job opportunities created n Telangana is all set to rise at a swift pace. The usage of Silver in industries such as Medical equipments, ornaments, Batteries etc makes the white metal a vital one.

Silver in Telangana is purchased in different forms and at different counters based on an individual’s distinctive investment portfolio. Buying silver in its physical form and through silver contracts remains two of the most popular modes of investment in the state.

• Physical Silver: Most of the people in Telangana prefer to buy Silver in the form jewellery, coins or bars. There are various jewelry shop as well local dealers who offer competitive silver. The local market here offers multiple variants of Silver ornaments and an individual can find the right kind of ornament within their budget. Apart from silver jewelry, coins or silver bars are another hot selling product offered by a number of dealers & various commercial banks across the state. The local price of Silver coins & bar is often affected by international price. The Banks usually charge a higher amount due to quality assurance.
• Silver Trading: Apart from this Investment in Silver offers liquidity at the time of any cash crunch. The commodity trading of silver offers is an ideal investment destination for youth as they have more disposable income now days, however might not be adequate to buy gold but plenty to buy silver. Commodity exchanges allocate customers to trade in the white metal without actually holding it in hand. Traded form of Silver such as spot & future contract is another regular trading opportunities in Telangana. An individual can buy or sell Silver through the National Spot Exchange Limited with .The Future contracts in Silver offer its investor a security against any market fluctuations and the buyers can have the possession of Silver as required on a predetermined date. Silver as a tradable commodity is also available at NCDEX and MCX. This exchange utilizes futures contracts to sell silver which are open for 6 months in a year. The base quantity is often set at 1 kg unit of silver.