Silver prices registered a strong rise for the second consecutive day on Thursday in the national capital Delhi. According to All India Bullion Association, silver in the local market increased by Rs 1,800 to reach a new record level of Rs 2,07,600 per kg. On Wednesday, silver rose by Rs 7,300 and crossed Rs 2 lakh per kg for the first time and closed at Rs 2,05,800. At the beginning of this year (January 1, 2025), silver was only Rs 90,500 per kg, which means till now it has increased by Rs 1,17,100 or about 129.4%.
gold price today
Gold prices remained stable on December 18. 99.9% pure gold (including all taxes) closed at Rs 1,36,500 per 10 grams. Talking about the international market, spot gold fell by 0.31% to $ 4,325.02 an ounce. According to Jigar Trivedi, Senior Research Analyst at Reliance Securities, gold remains around $ 4,330 an ounce. Possible cuts in US interest rates and global geopolitical tensions have kept demand for gold strong.
international price of silver
In contrast, spot silver slipped 0.25% to $66.04 an ounce, although it had reached a record high of $66.88 in the previous session. This year, the international price of silver increased from $ 29.56 an ounce to $ 66.88 on January 2, 2025, an increase of $ 37.32 or 126.3%. Jigar Trivedi said, “Silver has seen an annual rally of nearly 130%, supported by low inventories and strong industrial and retail demand from sectors like solar panels, electric vehicles and data centres.
Analysts believe silver is facing a supply deficit for the fifth consecutive year and this trend may continue in 2026, keeping prices at high levels. This boom is presenting attractive opportunities for investors, but it is also necessary to be cautious amid high prices.
Latest Business News