Best silver stocks to invest in India 2024

Silver stocks include companies that mine, refine, or produce silver. Investing in silver stocks gives investors exposure to the silver market without actually owning the metal. There are two types of silver stocks available in the market: physical silver and silver mining.

Physical silver stocks represent an ownership interest in physical silver, while silver mining stocks in India represent ownership in companies that mine, refine, or produce silver in India.

Vedanta Limited

Vedanta Limited is an Indian multinational mining company based in Mumbai, Maharashtra. The company is known for the exploration and extraction of natural resources, including aluminum, iron ore, zinc, lead, gold and silver. The company's focus on continuous growth and high levels of transparency will make it one of the best stocks to invest in 2024.

Hindustan Zinc Ltd

Hindustan Zinc Limited (HZL) is a metal company, engaged in the mining and smelting of zinc, lead and silver metal in India. According to NSE data, Hindustan Zinc bought 1 share in the last transaction. Hindustan Zinc Ltd is one of the largest zinc producers in India. In the last year, the price of Hindustan Zinc reached a 1-year high of 383.00 and a 1-year low of 262.65.

Goldiam International Ltd

Goldiam International Limited was founded. On the 10th of October in the year 1986. According to the most recent report, the company's revenue falls within the range of INR 100 Crores to INR 500 Crores. The demand for Goldiam Jewellery is rising, especially in India's main cities. The company intends to grow its manufacturing capabilities and incorporate the most advanced technologies in production and operational processes.

Thanga Mayil Jewellery Ltd

Thangamayil Jewellery Limited is a jewelry company that deals with gold, silver, and other precious metals. Per NSE data, Thangamayil Jewellery exchanged 1 share in the most recent transaction. During the previous year, Thangamayil Jewellery's stock price peaked at 1443.65 and bottomed out at 472.08. In 2024, this silver metal stock is among the best in India.

Conclusion

Investing in the silver stocks mentioned above will be an attractive opportunity for Indian investors in 2024. Silver's intrinsic value as a precious metal and its diverse industrial uses make it an attractive proposition for portfolio diversification and asset preservation. However, as with any investment, careful research and careful consideration of your personal financial objectives and risk tolerance are required before making any investment decisions.

FAQs

Q. How do I invest in silver in India?

A. There are many ways you can invest in silver. If you wish to go by the traditional route, buy silver bars, silver coins, and silver jewelry. Buy them and sell them when you need to. If you would rather not deal with physical silver, there are paper forms of silver too like silver futures, NSEL and many more.

Q. Is it good to invest in silver stocks?

A. While silver can be volatile, the precious metal is also seen as a safe-haven asset, similar to its sister metal gold. Safe-haven investments can offer protection in times of uncertainty, and with tensions running high, they could be a good choice for those looking to preserve their wealth in difficult times.

Q. Does Warren Buffett invest in silver?

A. Warren Buffett does not invest in gold. He has invested almost $1 billion in silver, so the reason for his aversion is not simply a dislike for precious metals. The explanation for Buffett's dislike of gold and for his enthusiasm about silver stems from his basic value investing principles.

Q. Is silver a better investment than gold?

A. Silver is more volatile, cheaper and more tightly linked with the industrial economy. Gold is more expensive and better for diversifying your portfolio overall. Either or both may have a place in your portfolio.

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