In Ahmedabad – the capital city of Gujarat, silver is purchased in large quantities for trading purposes, as there are various industries that manufacture silver thread for artwork. In earlier days, silver was chosen mainly as a princely gift option, but with the course of time, people are considering silver as a promising investment option. Silver is one of the precious metals, and is also considered second most preferred metal after gold for investment purposes.
People in Ahmedabad invest in silver in many different ways. Some of the most common ways in which silver as an investment in Ahmedabad is:
Silver coins & silver bars: People in Ahmedabad widely invest in silver bars & coins which are available in various weightages that weighs from 10 grams to 500 grams. Those who wish to purchase more silver for investment purposes, mainly invest in Silver bullion that range from 500 grams up to 5 kilos. These are purchased for investment purposes as these can be immediately and instantly traded for up to 75% of its current value in the market.
Silver utensils: Silverware is still a preferred choice of the rich families, though the preference has depleted as compared to earlier days due to its high cost. However, these are still purchased and gifted during weddings as these are considered auspicious.
Silver jewelry: Silver jewelry is expensive but not as expensive as gold. New-age designers are giving new and trendy look to silver jewelry and gifting articles, due to which, it has attracted attention of younger and style conscious generation.
The popularity of silver in Ahmedabad also emerges from the fact that it is economical in comparison to gold and other precious metals like platinum. This even makes Silver easier to acquire since more can hope to buy silver in Ahmedabad in sizable quantities as compared to gold. Buying silver in Ahmedabad is always in demand from the jewelry markets, especially in India, which signifies that silver is has high demand and is worth investing in.