Silver usually known as “Chandi” Referred to as “Poor Man’s Gold“.
For centuries it has captivated investors and traders for the business investment.
Why people demand Chandi/Silver
Its luster, fine beauty and delicacy in jewelry has made it dear for females as well as for persons having aesthetic sense of beauty.
Silver surpass other metals
It is second widely used metal in ornaments than gold. That’s why people are interested you know its price on daily basis.
Silvergoldrate.pk is therefore design to keep you up to date related silver price.
1 Tola Chandi price is Rs. 2630
52 Tola Chandi price in Pakistan is Rs. 132,900
It is also important to know the price of the silver because it is a metal upon which the “Zakat” is based. 52.5 Tola Chandi is set as “Nissab” for paying zakat.
Historical background
As Chandi is a loved metal for centuries therefore it is important to know its historical background. In past it was used as a medium to store and exchange of the value. It also used in the coinage industry. It was widely used in the industrial applications and accepted ranging from the electronic to the healthcare.
Factors affected silver price
However its price was affected by the certain factors that includes the supply and demand, geopolitical events, economic trends and the technological advancement etc.
Supply and demand:
Supply and Demand play core role in determining the Silver Price. If we consider the supply side as primary source it includes the mining output and recycling. Surely silver mining remains primary so increase or decrease in ore grades, political instability and environment change effect its output. Moreover recycling also adds to its supply on the other hand demand of Chandi is multifaceted. With the continuous increasing of its use in the solar devices, applications in the electronic, solar panels and the medical devices are driving the demand to the highest level.
Market Trends:
Other than supply and demand factor, market sentiments and speculations can exert important influence on the silver prices. It attracts the traders and investors to use the silver as a store of value. In this way the price of silver is affected greatly.
Technological advancement:
With the advancement of the technology the use of silver is increased. It is an antibacterial metal that’s why it is used in the healthcare department particularly in the wound dressing and the medical devices. As with the advancement of the technology the demand for silver is likely to remain robust.
Environmental factors:
Silver is a delicate metal that is affected by the environment greatly. We live in the era of environmental awareness, stability and the regulatory initiatives are increasing and shaping the silver market.
Comparison of the Gold versus Silver
- Both silver and gold are precious metals let’s compare their some properties:
- Silver price is less due to its more abundance in the Earth’s Crust.
- Moreover silver is used widely in the industry than gold.
- Gold is preferred due to its listed durability and the malleability. Silver offers less resistance to the tarnish than gold.
- Both metals are used as a store value. Due to its low price Chandi is more in the range of the common people than gold.
Platinum vs silver:
Platinum has white grayish Color It is less prone to tarnish than silver.
Silver has shiny white silver color it is more prone to tarnish and become dark over time but polish can restore it shine.
Both are used as a precious metal and used by the investors but silver is more accessible due to its lower price.
Both metals have wide Industrial Applications due to their unique properties,
Platinum is often used in the analytical converters and the chemical production while silver is usually used in the photography, solar panels and in electronic devices.
Platinum and silver are often mixed /alloyed with other metals to increase the durability and strength but sometimes this impurity or mixing with other metal is caused allergy to the user. Platinum is harder and durable than silver this makes it easy for the everyday use.
So far it’s cleaning and the maintenance is concerned moisture and air caused silver to tarnish was that’s why to store silver and maintain its shine and beauty keep these points in mind:
Always wrap Chandi in soft cloth that should be nonabrasive such as cotton.
Avoid exposure to chemicals if you want to use it long time clean regularly to maintain its shine.
If used wet clothe to clean it then dry it thoroughly so that the moisture may not tarnish its lusters.
Use a polishing cloth and polish to restore its sign. But avoid excessive use of the polish that may eat up the metal.
Store Silver items properly and carefully where there is no air and moisture.
Where to buy 52 Tola Silver/Chandi price in Pakistan
As it is a valuable metal and also used as an investment so always buy silver/Chandi from trusted and the reliable jeweler or the trader who does not deceive you, always check purity before making any deal.
Conclusion
To sum up the discussion it is very important to understand the various factors before entering the silver industry. From the supply and demand to the market trends, global economic indicators and technological advancement numerous variable factors contribute to determine silver price. Silvergoldrate.pk is designed to comprehend all the needs of a user. Its keen observation of the market and daily update of the price keeps you aware of the market trends and the changing prices of the silver.
