Gold V/s Silver: Investing That’s Best For You

Investing in silver or gold has been a tradition in India. People buy these metals not only as an investment but as a tradition, a wealth that can be passed down to generations. While most people look at only gold as an investment, silver is gradually making its way. 

Hidden under the shadows of gold’s shiny yellow color, is silver; the less sought-after metal that can be great for initial investments.

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Why Invest In Silver Or Gold?

• Forever Wealth

Your investments don't just have financial value, they also have emotional value. In India, this is the accumulated wealth passed on to sons and daughters, to safeguard their future as well. Be it an investment in silver or gold, both metals have their unique advantages. 

• Physical/digital form

Both gold and silver are available in physical form. You can see it, touch it and save it. Thanks to digitalization, people can now buy, sell & hold these metals in digital form as well, eliminating the storage issue This means investing in a secure asset that yields returns without having to store it. 

• Increase in value

 The risk of investment in these metals is low. This is because as per past trends, the value of both silver and gold appreciates. You might yield low or no return, but the chances of you booking a loss in this investment are negligible. This makes it a secure form of investment. The price of gold grew from 48,000/10g (in 2020) to 62,000/10gm (in 2023). Similarly the price of a kg of silver grew from 40,500 in 2020 to 70,000 in 2023 (approx). 

• Fight against global turbulence

 Be it the crisis of 1991, or the 2008 recession, Indians could survive thanks to investment in metal. Gold and silver investment in India helped us fight through such major and minor crises. The generation-long learnings of buying gold or silver investing helped India and Indians in creating a solid financial portfolio. 

Gold V/s Silver: Investing In India

Your investments are a matter of your personal finance- there is a reason it is called so. Investments are done keeping in mind your personal details like income, investment capacity, risk capacity, time frame, goals, and even the context of investment. 

Let’s put a pause on this debate by understanding the pros of both. 

• Money Required

Investing in silver is more affordable than investing in gold. Although digital purchasing has made it easier, many people prefer having these metals in physical form. Not everyone can afford to invest huge capital into these assets. With the same amount, the quantity of gold and silver varies. If you are beginning investment in assets, you can start silver investing in India.

• Time Frame

While both metals are growing in value yearly, if you aim to grow value in near future (1.2 years only),it is suggested to invest in gold (although the risk is there). This is usually done by traders. If you are investing, make a long term goal. 

If you have a long-term goal, you can choose between any of these metals, depending on the ROI that you are targeting. 

P.s. It takes time for any investment method to yield return. But, with these metals the chances of its value decreasing are significantly less (keepind in mind the yearly trend). 

• Goal

Although we cannot segregate these metals based on individual goals, your investments should be made depending on your goals. How much surplus do you have to do silver investment in India? Will it achieve the goal in the said time frame? As you dig deeper into your requirements you can find your investment space. 

• Volatility

The market price of both these metals changes every day (in the trading world). In India, the pricing for silver is not as fluctuating as gold. While buying these physically also, you will not see huge price fluctuations. You need to understand your risk-bearing ability, and the reason you are investing in said asset to yield benefits from it. 

• Available in multiple forms

Both gold and silver are available in multiple forms like coins, bullion, jewelry, etc. You can divide your investment value into both to gain benefits from it. Gold coins are preferred by Indian households, but silver is also a great starting point. Imagine being a young girl in her 16’s using her festival money to buy a silver piece for herself. Investments are much more than just money because it will grow by time. 

• Different Grades

Both gold and silver have multiple grades like 24k pure gold, 22k silver, etc. Choose the grade that suits your budget, as per the metal you choose. It is advised that you choose the 999 purity for gold and silver investing in India. 

Conclusion

There is no good or bad when it comes to gold or silver investing in India. All you need to do is understand the market and then dig deeper into your requirements- and you will find the best match. 

FAQ’s

How to find the current price?

Start by looking for terms like 10 gm silver price today 880. Your search engine will provide relevant information. If not, you can directly view it on our website. 

Tips to look out for silver investment in India?

Buy silver coins if your investment value is low, and bars if the sum is high. Buy only from reputed buyers. 

Should I track the price only from one place?

 If the platform is trusted, you can look at the daily price. If it is new, you can look for a few sources before establishing trust.