THINGS TO KEEP IN MIND WHILE BUYING SILVER
Silver rates: On the basis of international market prices, silver rates also change on a regular basis. This is why it is important to keep track of silver prices to buy them at the best rates.
Making charges: Just like gold, jewellers may levy making charges on silver jewellery or cutlery. Therefore, it is important to ask directly about the applied making charges to the jewellers.
Sellers: People need to research the sellers before purchasing silver to ensure that they buy genuine products with verified purity. This will not only provide them with good quality silver but will also help them to get the best resale value of silver.
Certification: While buying silver, it is important to check the certification of the jewellery or the other items.
Is investing in silver a bad or good idea?
While the cost of silver is far lesser than gold in India, it is still a safe option for investment. Reselling silver jewellery, cutlery, coins, or bars will help get better returns, based on the current market prices.
How to Differentiate Between Pure Silver and Sterling Silver?
Fine silver is 99.9% pure silver and is soft in comparison to sterling silver. Sterling on the other hand is an alloy that is made mostly of silver and includes a small percentage of copper and zinc to strengthen it. While both of these look almost the same, silver is not very durable due to softness and sterling silver can last a lifetime if properly cared for. On the other hand, sterling silver is more easily tarnished than pure silver, because of the other metals in it.