The price of silver has reached a record high, creating a wave of excitement among sellers and buyers alike. Driven by the surge in festival demand, the price soared to hit Rs 1.41 lakh per kg. nnThis unprecedented rise not only illustrates the growing allure of silver as a valuable asset, but it also underscores the bustling dynamics of the festival market where demand and supply dynamics are dramatically highlighted.nnMeanwhile, gold, a constant love of investors and a perennial favourite for festive buyers, has seen a moderate increase of Rs 330 per 10 grams. The gold market continues to be steady and shows a favourable upward trend, substantiating its position as a secure and value-adding investment.nnAs India embraces its festival season, the high swing in silver prices and steady growth in gold prices is further amplifying the atmosphere of festivity. This is a clear manifestation of how festive demand plays a significant role in the bullion market, influencing the price mechanisms in both silver and gold trades. Read More
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