Jagran correspondent, Agra. Silver is breaking its old records every day, due to which the prices are reaching all-time highs every day. The prices had picked up pace since last year. There was an increase of Rs 1.5 lakh from Rs 88 thousand per kilogram in a year. Whereas on the first day of January, the spot price was Rs 236500 and the price on MCX was Rs 237000 per kg.
Last year the price had increased by Rs 1.5 lakh per kg, the price was Rs 88 thousand per kg.
MCX price Rs 289500 and spot price Rs 284500 per kg
This is the speed of prices
Note, prices are per kilogram.
The ongoing conflicts at the global level have created great instability. Big investors in silver have increased and small investors have got dumped. Its use in appliances is also a reason for the price increase, while China is creating new barriers. Corrections will definitely keep coming, but Silver is now on pace to reach the new milestone of Rs 3.5 lakh in six months.
Anand Prakash, Director, Abhushan Jewellers
Silver prices are increasing every day. The market is badly affected by this. The main reason for this is the ongoing tension at the international level. At the same time, the increasing number of investors including America's tariff has also increased the price of silver. These prices do not seem to be stopping at the moment, which will soon reach new heights.
Nitesh Aggarwal, President, Agra Bullion Association
Chyawanprash is a part of every Indian's life, it reduces diseases and increases energy.