Feb 12 • 08:01 UTC 🇮🇳 India Aaj Tak (Hindi)

Want to Buy 1 Kilogram of Silver? When, Where, and How to Buy? Interesting Math

The article discusses the rising prices of silver in India and provides strategies for purchasing one kilogram of silver through the Multi Commodity Exchange (MCX).

The price of silver has been increasing sharply in India, with a recent leap over 11,000 rupees per kilogram on the Multi Commodity Exchange (MCX). This rise comes after a period of fluctuations, making it an opportune moment for potential buyers. The article emphasizes that despite the current increase, silver prices are still well below their all-time highs, prompting many to consider investment options in this precious metal.

For those looking to buy one kilogram of silver, the article offers a detailed strategy on how to do so via the MCX platform. It highlights that buyers will not be purchasing physical silver but rather silver futures contracts, necessitating the requirement of a trading and demat account, along with the activation for commodity trading in the MCX segment. Additionally, buyers must ensure that they have sufficient margin money in their accounts to facilitate the trade.

The piece aims to guide readers through the buying process, emphasizing how investing in silver can be advantageous while minimizing the risk of losses amidst price fluctuations. It presents a practical approach for those unfamiliar with the trading environment, while also appealing to seasoned investors looking to optimize their purchases in the current market.

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