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  • Bullion Industry brings in innovation to tap the increasing demand of silver among the investors

    Published on August 3, 2011

    by NR INDRAN

    Nakoda Bullion one of the leading bullion products providers in India have introduced the 1kg .999 silver chorsa biscuit / bars for the very first time in India which is latest innovation in the bullion industry.

    Till now, bullion dealers in India were trading in Silver with chorsa weighing between 800g to     1,400g “ The silver chorsa found its application in the industrial use only for its varying weights and hence limited its use for gifting,” said Lalit Jagawat Proprietor of Nakoda Bullion Ltd and Director of Bombay Bullion Association.

    Lalit Jagawat added that with the prices of silver increasing the metal has found increased buying by the investors for investing purpose as well as gifting the near and dear ones with a gift having good value. Looking at the rising demand we decided to introduce fixed 1kg chorsa bar which are much better appearance wise also having a superior finish than the rough chorsa’s supplied earlier added Lalit Jagawat.

    According to him the demand for silver will continue as long as its finds its application in industries however, since the prices of silver have dipped from its high of Rs 75,000 per kg, this white metal has lost the shine for some time now and demand has got a hit. But in coming months the demand for silver is likely to pick up with a fresh rally seen soon.

    Other than this Nakoda Bullion has introduced the 1kg chorsa for the first time for the retail customers, at minimum conversation charges. “ Bullion stockists today buy in 30 kg lot and covert into biscuits in small denominations, however we have got in an innovation for the consumer,” added further Lalit Jagawat.

    Nakoda Bullion will provide custom made1kg silver chorsa’s as per the client requirements towards embossing on the chorsa ordered.  The company is targetting large companies for these sales. The company is also producing gold coins starting from 0.5 grams, 1gm, 2gm, 5gm, 8gm, 10gm, 20gm and silver coins of 5gm,10gm,20gm,25gm,50gm,100gm,250gm,500g and 1kg for investing as well as gifting purpose.

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