The white metal has gained around 16 per cent since January. Silver is often clubbed with gold when it comes to asset allocation but the two precious metals have significantly different profiles while retaining some similarities.
Like gold, silver is considered a hedge against inflation and economic uncertainty to a certain extent. Like gold, it is also easily traded and can be liquidated quickly for cash but there are more transparent corporatised mechanisms for selling gold or taking loans against it. Such mechanisms are not available for silver. As with gold, India imports large quantities of silver and is one of the world's largest silver consumers. Most silver imports come via West Asia, with a duty of 12-15 per cent, depending on the exact route for import. Like gold, silver too has an inverse relationship with the dollar since international prices are dollar-denominated. A strong dollar often leads to a weaker price trend in silver.
Denne historien er fra May 03, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Denne historien er fra May 03, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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A life that lives beyond
The passing of Ratan Tata marks the loss of not only an iconic leader but also a global visionary whose influence extended far beyond business.
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Paytm appears poised for rebound
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Love-all, RAFA
'KING OF CLAY' TO SIGN OFF FROM PROFESSIONAL TENNIS BY THE END OF THIS SEASON
Aman for startups
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