Silver prices in the national capital Delhi rose sharply for the second consecutive day on Thursday. Silver prices rose by ₹1,800 to a new record high of ₹2,07,600 per kg in the domestic market, according to the All India Bullion Association. On Wednesday, silver gained ₹7,300 to close at ₹2,05,800, crossing the ₹2 lakh per kg mark for the first time.
At the beginning of this year (January 1, 2025), silver was priced at just ₹90,500 per kg, which means it has seen a huge increase of ₹1,17,100 or around 129.4% since then.
Gold prices remained stable on December 18. 99.9% pure gold closed at ₹1,36,500 per 10 grams. In the international market, spot gold prices fell 0.31% to $4,325.02 an ounce. According to Jigar Trivedi, senior research analyst at Reliance Securities, gold is around $4,300 an ounce.
In contrast, spot silver fell 0.25% to $66.04 an ounce, though it hit a record high of $66.88 in the previous session. This year, the international price of silver rose from $29.56 to $66.88 per ounce on January 2, 2025, representing an increase of $37.32 or 126.3%.
Analysts believe that the consumption of silver in the market is high and against it the production is low. This has been happening continuously for the last 5 years and it is believed that this shortage of silver will continue till 2026.
Also Read: Stunning, Unbelievable ! Neither gold, nor silver, nor diamonds… this is the most precious thing in the world, knowing the price will make your heart beat faster.
. Source
