Silver broke all records in Delhi, became expensive by Rs 9350 in 24 hours; Price reached ₹236350 per kg
New Delhi. Due to strong global cues, silver prices in the national capital on Friday rose by Rs 9,350 to a new record high of Rs 2,36,350 per kg (Silver Price Hike in Delhi). On Wednesday, this white metal closed at Rs 2,27,000 per kg. Silver prices have increased by Rs 32,250 or 15.8 percent in the last four sessions (since December 19).
How much will silver cost in 2025?
During the entire calendar year, the white metal has gained Rs 1,46,650 or 163.5 per cent from Rs 89,700 per kg recorded on December 31, 2024. At the same time, gold prices continued to rise in the local bullion market and it increased by Rs 1,500 to a new record of Rs 1,42,300 per 10 grams. In the last trading session it had closed at Rs 1,40,800 per 10 grams.
Gold also broke its pace this year
So far this year, gold prices have increased by Rs 63,350 or 80.24 percent from Rs 78,950 per 10 grams recorded on December 31, 2024. Saumil Gandhi, Senior Analyst (Commodities), HDFC Securities, said, "The rise in precious metals continued in the last trading day of the week and gold and silver again reached new record levels.
Jigar Trivedi, Senior Research Analyst, Reliance Securities, said that there has been a shortage in the supply of silver for many years. If the shortage increases, prices in the physical market may go higher.
Trivedi said that silver is very important in other clean tech infrastructure including solar panels, EV, 5G and AI. As these sectors grow, industrial demand could further outstrip supply and the market could become tighter.
Also read- Gold-Silver created an uproar, gold crossed ₹ 1.40 lakh; What is the price of silver? invest or not
Follow for every important news related to business, market updates and personal finance tips.