How to buy silver

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How to buy silver
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Introduction

• It is very important to first watch the price
  movements of silver carefully over a period of
  time and check live silver rates before deciding
  to invest.
• There are a multitude of options available in the
  market and buying silver can be a viable
  investment option.
• Keep the following points in mind before making
  your purchase.

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Research silver rates

• Silver prices, while relatively stable, still
  require monitoring if it is for the purpose of
  investment.
• It is important to observe market trends and stay
  in tune with the latest price movements.
• This will help you make the best and most
  informed decision on when to buy or sell.
• You can use any popular silver rate page to check
  live silver rates in Tamil nadu and make
  data-driven decisions on your silver investments
  based on the most up-to-date information.

4
Decide what kind of silver you want to buy

• Silver, like gold, comes in various forms like
  bars, coins, and jewelry.
• Each form offers its own unique advantages and
  disadvantages.
• If your intention is to sell the silver at a
  later date, then jewelry might not be the most
  optimal option and you could consider other forms
  of silver investment like coins or bars.
• Decide on what form your investment will take so
  you have a clear idea of the pros and cons.

5
Ensure certification

• In Tamil nadu, the Bureau of Indian Standards
  (BIS) introduced hallmarking of silver in 2005.
• There are several grades of silver purity with
  9999 being of the maximum fineness.
• The silver and silver alloys are stamped with
  standard marks by the BIS- recognised Assaying
  and Hallmarking Centres.

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The silver will carry 5 markings including

• BIS mark
• Purity/fineness
• Assay centres identification mark
• Year of marking
• Jewelers/manufacturers identification mark

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Online purchase

• Just by remembering the given tips you will be
  able to buy any silver item at a worthy price.
• However there are many number of silver sellers
  today, it is important to make sure that you have
  chosen one of the trusted silver jewellery shop
  in Madurai, since there is vast scope for
  adulteration of silver and cheating.