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So far this year, there has been a great rise in the price of silver. According to IBJA, so far this year, the price of 1 kg silver has increased by Rs 9,374 to Rs 95,391. According to experts, its price can also be seen further. In such a situation, if you are planning to invest in silver, then silver ETF can be the right option.
You can invest in silver like share through Silver ETF. It has given up to 35% returns in the last 1 year. Here we are telling you about Silver ETF today …
First of all, understand what is ETF? The facility of buying silver like shares is called Silver ETF. These are exchange-traded funds that can be purchased and sold on stock exchanges. Since the benchmark spot of Silver ETF is the prices of silver, you can buy it close to the actual price of silver.
There are many benefits to invest in Silver ETF
- Silver can also be purchased in small quantities: Buy in silver units through ETF. This makes it easier to buy silver in small amounts or through SIP (Systematic Investment Plan). The price of 1 unit of Silver ETF is currently less than Rs 100. That is, you can start investing in it for less than 100 rupees.
- Silver remains safe: Electronic silver is in a demat account with only an annual demat charge. Also there is no fear of theft. At the same time, apart from the threat of theft in physical silver, it has to be spent on its safety.
- Ease of business: Silver ETF can be purchased and sold immediately without any hassle. That is, if you need money, you can sell it whenever you want.
How to invest in Silver ETF? To buy a silver ETF, it is necessary to have a demat account. In this, you can buy units of Silver ETF available on NSE or BSE and the equal amount of it will be deducted from the bank account connected to your demat account. You can open a demat account for free through apps like Grow, Upstox and Paytm. After this you can choose the silver ETF of your choice.
