Diwali 2022: If you’re planning to purchase a silver coin for Dhanteras, you should exercise a little caution. due to the market’s indiscriminate sale of counterfeit goods.
Identify silver coins: The Hindu religion attaches significant importance to the Diwali celebration. It is observed on the Kartik month’s new moon day. The markets are really exciting around this time. On the day of Dhanteras, it is customary for many households to purchase silver things. Be a little cautious if you plan to purchase silver coins this Dhanteras. because the market for counterfeit silver coins is increasing these days.
Let us inform you that trade in fake and modified silver coins occurs indiscriminately in major Rajasthani cities including Jaipur, Ajmer, Kota, and Jodhpur. These coins contain 99 percent gilt or German silver as adulteration rather than pure silver. They are removed from sale by having a silver coating applied to them. You are also found with a false certificate, which they use to prove their purity.
What is the price?
One kg of fake coins costs about Rs 800-900 to produce, but they are sold for between Rs 55,001 and Rs 57,001 per kg in the market. German silver is made with the help of copper, nickel, and zinc. Although it has an exact silver appearance, it is not made of silver. Let us inform you that the breakdown shopkeepers require that you be given a 100% recovery for silver that is 65%, 70%, or 80% pure, plus the manufacturing price is deducted separately.
Some ways to verify accuracy
1. You can test the silver’s magnetism before buying it. Silver that attracts a magnet is not genuine silver.
2. Snowflakes are another way to recognize silver. The ice begins to melt quickly when an actual silver coin is placed on it.
3. Recognize that a silver coin is genuine if white streaks appear when it is rubbed against a stone. The silver has been tampered with if the streaks are yellow.
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