The current rate of silver in Ahmedabad is 4.35 grams per liter. This is the lowest among the cities of Gujarat. From Ahmedabad, silver is sold at 6.35 grams per liter as per the official data.
The main reason for this is the fact that silver, being a rare metal, is not a very popular option for sale. It is a precious metal that is used in many consumer gadgets and jewellery, but as we all know, there is demand for silver as an ingredient for medicines and other chemicals. The silver market in India is controlled by the state-run Central Warehousing Corporation (CWC).
There are several reasons for silver not selling so well. Firstly, silver has been around for a long time, which means it has been used in many different industries for many years. Secondly, it is a rare metal that is only found in small quantities, and is therefore expensive to ship. The CWC’s silver smelting plant is also located in Ahmedabad, which leads to other problems. Silver is made into bricks and glassware, both of which are also expensive to ship.
The CWC is currently using only about $700,000 worth of silver in the plant for the upcoming year. The silver demand at the CWC is therefore quite small, and so silver sales at the CWC are not likely to be a major factor in its overall silver sales.
In the meantime, the CWC’s silver smelting plant is also making a small profit, and that’s not likely to keep the CWC’s silver sales up with the demand. In the long term, the CWC needs to focus on refining and exporting silver to other countries.
In the short-term, we are seeing a small increase in silver sales that is likely to be small in absolute terms and of limited significance, but it is nonetheless very positive news. We can expect the silver demand at the CWC to increase marginally in the next year, but it’s unlikely to be very significant.
the silver sales are in the range of Rs. 100-250 million per annum. Considering the silver production costs are around Rs. 50-70 million per annum, this means the CWCs silver sales must be close to Rs. 100 million per annum to be profitable. The CWCs silver sales should be in the range of Rs. 100-250 million per annum in the next one year.
If silver prices keep rising, it could be interesting to see what happens when the CWCs silver sales are in the range of Rs. 100-250 million per annum. Considering that the price is a little higher than the price of gold, it wouldn’t be terribly surprising if the silver demand was higher than the silver supply.
It would be interesting to see if CWC’s silver demand goes up or down when silver prices increase. Given that the CWC’s silver is mainly in the form of jewellery, it would be interesting to see what happens when silver prices increase. This could happen because there is a lot of silver jewellery available in India, especially from western countries.
Silver is one of the best-looking currency options in India. It is often used in jewelry and in coins, and it is extremely low-cost. With silver being so popular in India, it may happen that silver demand goes up even if silver prices don’t.