During the auspicious times of Diwali and Dhanteras, the majority of people purchase gold. Silver, on the other hand, is the second option. During the holiday season, most individuals purchase silver as a cost-effective option. This metal is available in a variety of shapes. For example, jewelry, kitchenware, currencies, and digital formats.
As of November 2, silver, a cheaper alternative to gold, was priced at Rs 646 for 10 grams. Various online platforms have begun giving prizes, discounts, and rebates on gold and silver purchases to entice more customers.
Amazon, for example, is providing up to 20% off gold and silver coins on their Amazon Dhanteras Shopping Store. In addition, it is providing up to 40% off gold and silver jewelry, as well as no manufacturing costs on diamond jewelry.
Here are a few points to bear in mind if you’re thinking of buying silver instead of gold this Dhanteras:
The metal’s purity: Silver is hallmarked by the Bureau of Indian Standards (BIS) in the same way as gold is. According to industry experts, hallmarking an item gives valid confirmation of the metal’s purity. If a silver piece isn’t hallmarked, you can have it hallmarked as a buyer.
Coins that are not genuine: The market for gold and silver coins rises, as it is considered fortunate to purchase them at this time. However, be wary of counterfeit coins. According to industry analysts, on the occasion of Dhanteras, a large number of fake silver coins circulated in the market due to the strong demand for silver coins. As a result, double-check that what you’re buying is genuine.
Jewelry buy-back policy: Inquire about the retailer’s buy-back policy for any jewelry, since consumers can sell old jewelry while purchasing new. For example, if you acquire a 925-grade piece of jewelry, you will be compensated 92.5 percent silver when you sell it.
Jewelry manufacturing charges: When purchasing gold or silver jewelry, a making charge is always imposed. Having said that, most people are unaware that the jeweler’s listed price includes making costs, according to experts. As a result, if you want to know the original price, you may ask the jeweler what the current market price is and what the producing charges are.
Silver jewelry with gemstones: Many people who possess jewelry that has gemstones embedded in it weigh it. As a result, along with the metal, the hefty jewels are weighed as well, fooling the clients. As a result, experts advise that when purchasing silver jewelry with gemstones incorporated in it, ensure that the jeweler has not factored the weight of the gemstones into the silver price.