Skip to main content

Silver Jewelry

 

Silver in India comes next to gold in the jewellery buying preference of Indians. With the current downward spiraling of gold prices, silver is the new-found love of Indians. The shiny metal has been able to hold its price and even seen appreciations in a time when gold has been continuously losing shine for the past 2-3 years.

Silver in various forms is popular in the Indian culture. The most significant role is played by it in weddings and birthdays. Other ceremonies which see silver being used as gifts and puja item are naming ceremony of babies, engagement ceremonies and pujas during Indian festivals like Diwali and Holi.

Importance of India in the Global Silver Jewellery Market

India is a huge exporter of silver jewellery and silverware. Huge demand for silver is seen from countries like the United States and those in the Middle East. Silver export companies in India are trying to expand to newer pastures like markets in China, Russia and Australia. In terms of silver jewellery, India is the third largest fabricator of silver jewellery in the world. The popularity of silver in India also stems from the fact that it is cheap in comparison to gold and other precious metals like platinum. This makes it easier for people to buy silver for themselves as well as for gifting purposes.

Silver jewellery in India is currently popular not just due to its lower prices but also because several designer stores and jewellery designers have entered this space. These new-age designers are giving a new and trendy look to silver jewellery and gifting articles and have clearly created substantial demand for the white metal. Surveys done in this regard have revealed that youngsters especially have started appreciating silver better than gold because the current jewellery designs are so much more chic and aptly proceed as compared to the same designs made out of gold or platinum.

Indians are fond of jewellery items like earrings, necklaces, toe-rings, anklets, rings and so on. Hence, silver finds sufficient demand in the jewellery sector of the country. Different states of India have different preference for silver items. Like silver anklets and silver toe rings are considered important bridal jewellery for people in North India as well as for those in certain states of South India. Similarly, giving away silver coins as tokens of love or as return gifts, is considered auspicious during Indian weddings.

Silver Jewellery and Corresponding Prices

While silver jewellery in the country takes into account the making charges too, silver coins and bars in their purest form are increasingly becoming a major source of investment as they are priced optimally. The tradition of gifting silver coins during weddings and festivals is a tradition that has been upheld by Indians till now. With the price appreciation that silver has seen in recent times, the demand for silver jewellery has been falling for the past few years. There has been as much as 33% appreciation in the price of silver and hence the reason of it being viewed more as an investment option than a commodity.

Also, jewellery is just one part of the demand for silver, there are other articles too that are also in demand, like silverware, dinnerware, tableware, décor items etc. These articles are considered ideal for gifting and for use on any auspicious occasion.

-----------------------------------------------
Invest Rs 1,50,000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing ELSS Mutual Funds

Top 10 Tax Saving Mutual Funds to invest in India for 2016

                                OR

Best 10 ELSS Mutual Funds in india for 2016

1.   BNP Paribas Long Term Equity Fund

2.   Axis Tax Saver Fund

3.   Franklin India TaxShield

4.   ICICI Prudential Long Term Equity Fund

5.   IDFC Tax Advantage (ELSS) Fund

6.   Birla Sun Life Tax Relief 96

7.   DSP BlackRock Tax Saver Fund

8.   Reliance Tax Saver (ELSS) Fund

9.   Religare Tax Plan

10. Birla Sun Life Tax Plan

Invest in Best Performing 2016 Tax Saver Mutual Funds Online

Invest Online

Download Application Forms

For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call

---------------------------------------------

Leave your comment with mail ID and we will answer them

OR

You can write to us at

PrajnaCapital [at] Gmail [dot] Com

OR

Leave a missed Call on 94 8300 8300

-----------------------------------------------

Popular posts from this blog

Mutual Fund Review: Taurus Tax Shield

    Taurus Tax Shield has seen a turnaround in performance since 2007, but still remains a volatile offering… The fund has seen a turnaround in its performance since 2007 and has delivered impressively during market rallies since then. The portfolio is also more diversified. It contained its downfall to an average level in 2008 but is still one of the most volatile offerings in this category. Bold investors can look at this fund.   Strategy The fund manager invests across the market capitalisation and sectors. The selection of stocks is made on the basis of long-term business prospects and value creation. Fund Insight Launched in March 1996, the fund was a laggard with just two annual outperformances. Concentrated stock bets and high exposure to mid and small caps led to it being hit harder during market downturns. The number of stocks in the portfolio never exceeded 20 and it was not rare to see the top 5 holdings account for around 60 per cent of the portfolio. After b...
Read more

Use Mutual Fund SWPs for getting fixed payments

Invest In Tax Saving Mutual Funds Online Download Tax Saving Mutual Fund Application Forms Buy Gold Mutual Funds Call 0 94 8300 8300 (India)   Investors time withdrawals optimally to save on tax The systematic withdrawal plan, or SWP, could be called the lesser known cousin of the much talked about and publicised systematic investment plan (SIP). There's yet another cousin — the Systematic Transfer Plan ( STP ). In SIP, you invest a fixed sum of money at regular intervals (monthly/ quarterly) to buy some units of a mutual fund scheme. In SWP, as the name suggests, you do the opposite: You redeem some mutual fund units from your portfolio to get a fixed sum of money at regular intervals (monthly/quarterly/half year/yearly). In SIP, you get a higher numbers of units when the markets are down, and lesser in a buoyant market. In SWP, going by the product logic, you redeem higher number of units when the markets are do...
Read more

AXIS Long Term Equity Fund - The Best Tax Saver Fund for 2016

  AXIS Long Term Equity Fund - Invest Online   History:   The open ended mutual fund was launched on December 21 in the year 2009. It is benchmarked against BSE 200 and managed by the fund manager JINESH GOPANI. Initially the scheme was called as Axis tax saver fund but later it was renamed as Axis long term equity fund with effect from September 2, 2011. Nature of investment: As far as asset allocation is concerned, 97.52% of the stocks are equity and 0.02% is debt based. The primary focus of the fund is to invest in diversified equity stocks that have higher growth potential. Total asset size of the fund is in the tune of 4,996 CRORE as of June 30, 2015. Performance: The performance of the fund for one year, 3 years and 5 years are 23.6%, 29.9% and 19.1 respectively which are far greater than 6.4%, 14% and 5.6% benchmark figures. It has also preformed fairly well against SBI magnum Tax Gain (G) and HDFC tax saver (G). The growth comparison is enumerated below;                        ...
Read more

IDFC Classic Equity Fund

Invest In Tax Saving Mutual Funds Online Download Tax Saving Mutual Fund Application Forms Buy Gold Mutual Funds Call 0 94 8300 8300 (India)   IDFC Classic Equity Fund IDFC Classic Equity is a large-cap equity fund which currently has assets under management worth Rs. 158.52 crore. It was launched in August 2005. The fund is benchmarked against the BSE-200 Index. Performance YTD 1-Year 3-Year 5-Year Since Inception IDFC Classic Equity 0.93 26.61 6.30 1.01 11.65 BSE 200 1.52 17.31 6.00 1.99 12.98 All figures in % as on January 31, 2013; Returns above one-year in CAGR terms ...
Read more

Health insurance guide - Part I

Insurance, by definition, is morbid. What if I die suddenly? What if my home caught fire? What if I had to undergo expensive medical treatment? What if something that I thought happened only to others befell me? Insurers, who work with large samples, calculate the probability of such an event and, hence, the possibility of them having to pay out a sum of money to mitigate, to the extent possible, the effects of that disaster. However, the possibility of you undergoing some kind of expensive medical treatment during your lifetime is far more likely than you dying suddenly or your house burning down. Given that costs at private healthcare facilities, where you are most likely to land up, is high, and, doubling every four years 10 months or so, the rest of your money life could easily go out of whack if you had to incur such expenses. Just 12 per cent of India's population is covered with some sort of health insurance. Pared to the bone, for a comparatively small price, health insu...
Read more
Related Posts Plugin for WordPress, Blogger...
Invest in Tax Saving Mutual Funds Download Any Applications
Transact Mutual Funds Online Invest Online
Buy Gold Mutual Funds Invest Now