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Silver Price: There is a steady increase in the price of silver. The price of this is going on beyond one lakh rupees per kg and according to the market experts, in the coming time i.e. till Diwali, its price can go beyond 1.30 lakhs. That is, the ever -increasing price of silver is being considered a big sign for the general public as well as investors.
According to Ajay Suresh Cedia, director of Kedia Advisory, due to technical breakout in the global market, silver price can cross from Rs 1.25 lakh to Rs 1 lakh 30 thousand.
Silver jumped in international market
The reasoning behind the reasons for the growth of silver further and the reason behind the reasons is to touch the level of $ 37 an ounce in the international market recently. Along with this, the consent in the recent US-China business talks has also accelerated the industrial demand. The highest demand for silver is made for industrial sectors such as electric vehicles, 5G technology and clean energy. This is the reason that its demand is being seen very fast.
What expression in Delhi
Due to the frequent selling of jewelery vendors and stockists, the price of gold in the bullion market of the national capital Delhi fell by Rs 110 to Rs 97,670 per 10 grams. A day before that, on Monday, the price of silver in local markets rose by Rs 1,000 to a new peak of Rs 1,08,100 per kg.
Deveya Gaglani, Chief Research Analyst in Axis Securities, says that businessmen this week gold priceThere is an estimate of ups and downs in this, which will depend on significant economic events including US inflation figures and consumer spirit data.
(Tagstotranslate) silver price
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