Silver Price Hike: Silver broke all records, 13% jump in a day, price crossed ₹ 3.68 lakh; Will it reach ₹4 lakh in 5 days?
Silver Price Hike: Silver once again broke all its records. After crossing $100 in the global market (COMEX), silver has again created a new history. On Monday, January 26, its price increased to $ 114 per ounce (silver rate today), which is approximately ₹ 3.68 lakh per kilogram (silver price today) in the Indian market.
This is also its all time high (Silver at all time high) in the global market. According to Comex, today there was a stormy rise of about 13 percent i.e. $ 13.15 in silver throughout the day.
Will silver cross Rs 4 lakh in 5 days?
The speed of silver is so much that now questions are being raised whether silver can cross the level of ₹ 4 lakh per kg in the next 5 days? So the answer is- yes.
Experts believe that continuously increasing industrial demand, investor interest and concerns about supply have supported the prices. Market experts believe that if this trend continues, then a bigger move may be seen in silver.
Also read- Silver Investment: Silver in China becomes 17% costlier than India, supply crisis and export ban, will prices increase further?
What are the major reasons for the rise in silver?
Support also came from Fed policy
The market expects the US Federal Reserve to keep interest rates on hold for now, but the possibility of two rate cuts in 2026 is being factored into prices. If the Fed's stance remains dovish, then silver may get further support.
What signals ahead for investors?
According to experts, in the environment of dollar weakness and strong demand, silver again seems to be the choice of investors.
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