Silver rates in Kerala have moved in line with how prices have gone in the international markets. There is unlikely to be a big movement or even a meltdown in prices of the metal in the next few years. There is a good demand for the metal in both rural and urban centres in the state.
You can either buy silver and hold in the electronic form or you can buy silver in the physical form.
In the electronic form silver contracts are bought through the MCX or the Multi-Commodity Exchange in India.In the physical form you can purchase silver from your local gold smith.
It is always a good idea to buy and hold a little of the metal as an asset for diversification. In terms of industrial use also there has been an uptick in silver rates in Kerala. The trend and the momentum to sustain would depend on international prices and the demand for international purposes.
Disclaimer: There maybe definitely a variance in rates and prices. GoodReturns.in has made every effort to ensure accuracy of information provided; however, Greynium Information Technologies Pvt Ltd, its subsidiaries and associates do not guarantee such accuracy. The rates are for informational purposes only. It is not a solicitation to buy, sell in precious silver. Greynium Information Technologies Pvt Ltd, its subsidiaries, associates do not accept culpability for losses and/or damages arising based on silver information provided. Silver rates are the futures rates across all cities in India and hence there maybe price variation.