Silver Rate In Delhi
The national capital, with its vast population, can well be called a driver of silver prices in the country. The ever increasing middle- income families invests heavily in this metal, and the lower strata of society are also not far behind. The Silver rate in Delhi has, more of less, declined since the start of the year.
The mechanisms of global demand and supply led to a slight increase of 6.49% in prices in January, but since then, the price of silver in Delhi has moved downwards. February and March recorded an overall decline in prices, with April witnessing a significant drop of 5.61%.The current silver rate in Delhi is in continuation of this trend.
The fall in silver price in Delhi is being attributed to a weak overseas trend. However, given the current demand for the metal in the industrial sector, it would not come as a shock if prices accelerate in the near future. We have given todays silver rate in Delhi for those who wish to buy the precious metal.
The Silver Story Saga in the Capital Making a Mark of Its Own
So just when you thought it was gold that stood the test of times as a most sought after commodity, you will be mistaken. Considering a place like Delhi, it is the silver metal that always had a steady demand, and it still does.
What Makes the Demand for Silver in Delhi?
Delhi is teeming with its own population, and quite surprisingly enough, it is the silver price in Delhi that seems to set the benchmark for the price of the metal in the rest of the country. The Delhi silver rate is influenced by every class of people in the society, right from the middle class to that of the lower income groups.
It is the aftermath of inflation that more and more people began to take up buying silver as a form of investment. The rate of silver in Delhi got the boost mostly because of such reasons.
The metal has found customers in typically its physical form. So while negotiating for price of silver in Delhi one will come across the metal in varied forms of coins, jewelry, silverware and so on. At times the silver metal also undergoes trading in the form of exchanges with authorised bodies.