In a stunning development, the price of silver has hit a record high, soaring to an unprecedented Rs 1.41 lakh per kilogram due to soaring festival demand. This historic peak in the silver market is bound to have far-reaching implications, not just for traders and investors, but also for consumers and the economy at large.
Gold prices also increased significantly, rising by Rs 330 per 10 grams. This shift certainly paints an intriguing picture of the broader precious metals market, which seems to be experiencing a period of intense volatility and soaring prices.
Festival demand has traditionally been a critical driver of precious metal prices in India, and this year is no exception. The heightened demand during the festival season, coupled with other economic factors, has been instrumental in pushing silver and gold prices up to these record-breaking levels. Read More
Leave a Reply