Silver prices crossed Rs 1.10 lakh per kg for the first time on July 11. According to the India Bullion and Jewelers Association (IBJA), the price of silver has increased by Rs 24,273 so far this year. That is, silver has given a return of 28% so far this year. Ajay Kedia, director of Kedia Advisory, says that now the industrial demand for silver has started increasing again. Due to which silver can go up to Rs 1 lakh 30 thousand this year. In such a situation, if you are planning to invest in silver, then Silver ETF can be the right option. Through this, you can invest in silver just like shares. In this, you can start with very little i.e. Rs 100. Here we are telling you about Silver ETF today… What is Silver ETF?
Silver ETF means Silver Exchange Traded Fund. To understand this, just know that this is a fund which is based on silver prices. You invest money in it, and this money increases or decreases according to the price of silver. But you do not need to buy real silver. You do not need a safe or a locker. The fund house does all this work, and you can simply buy and sell it on the stock exchange (such as NSE or BSE) through a demat account, like a share. How does it work?
The fund house of silver ETF buys real silver, which is 99.9% pure. Now the price of the ETF you buy depends on the market price of silver. If the price of silver increases, your ETF also shines. And it is easy to sell it too, just sell it in the stock market during trading time. There are many benefits of investing in silver ETF. There are some risks in it too. Things to keep in mind while choosing a silver ETF Disclaimer: This story is for information purposes only. We advise investors to consult experts before taking any investment decision.
