What’s inside:
Current updates on the prices of silver and gold in Delhi’s market.
In Delhi’s Sarafa market, the price of silver has once again reached a record high. On Thursday, silver surged to Rs 2,07,600 per kilogram with a rapid increase of Rs 1,800. According to the All India Sarafa Association, this spike in silver prices is due to continuous buying by traders and strong demand.
Silver had set a big record on Wednesday when it saw a significant increase of Rs 7,300 in its price, reaching Rs 2,05,800 per kilogram for the first time crossing Rs 2 lakh. The very next day, Thursday, silver made another leap to set a new all-time high.
Compared to January 1st this year when silver was priced at Rs 90,500 per kilogram, it has now increased to Rs 2,07,600 per kilogram. This means that within just a few months, silver has risen by 129.4%, making it the most talked-about asset for investors.
While silver shines in the local market, gold prices remain stable. The price of 99.9% pure gold is holding at Rs 1,36,500 per 10 grams (including all taxes). In international markets, gold is at $4,325.02 per ounce with a decrease of 0.31%.
Experts believe that the shortage of supply and strong industrial demand from sectors like solar energy, electric vehicles, and data centers are supporting the rise in silver prices. It is expected that silver will continue to shine in the near future.