On auspicious occasions, Indians generally consider buying gold or silver to mark the importance of the day/occasion. Silver, for a long time has been used as a precious metal holding immense value. It provides affordable rates for investment with decent returns.
One of the most amazing facts why silver is most popular as an investment is because India is one of the top 20 silver-producing countries in the world. (Data report as per the World Silver Survey 2018). To invest in silver means to invest money in the production, trading or owning silver. Silver can be owned in the form of coin or bullion in India. Like gold, silver too is driven by the market price.
There are several benefits to the investors who want to hold their amount in digital silver:
- The real-time price of silver is displayed to the retail investors to monitor silver’s market price on a daily basis.
- A retail investor can buy digital silver for as low as Re.1.
- Digital silver is stored in the safe vault which is monitored by the independent trustee.
- An investor can request physical silver delivery as per their convenience. 24/7 access is available to the online account as well.
- No purchase cost is applicable on account opening, buying or selling of digital silver.