Silver is a precious metal which also has use in photography, water filtration, dentistry, medicine and many other applications. Being a precious metal, silver is looked upon as an investment option and also used for making jewelry. Silver jewelry is quite popular among the locals of Jaipur, the Pink City.
Earlier, buying silver in Jaipur was not a very popular investment option, but as people realized its potential as a tradable commodity, the precious metal gained more importance as people started to invest in silver bars, coins, jewellery, etc. The current silver rates always depend on a number of factors like industrial demand, market cues, etc. Today, silver rate in Jaipur can easily be tracked along with all its fluctuations with the easy access to the internet. People can easily keep up with the market fluctuations in the silver price in Jaipur and use the information to make a profit.