Is there no gold, silver turn now? Today the price reached beyond Rs 1.14 lakh, know what next?
Last year and a half Golden to sleep. There was a tremendous rise in the price of gold. Silver remained sluggish compared to that but now silver has come. This is because there is a unilateral rise in the price of silver. Today, the price of silver in the futures market reached a record high of 1,14,875 per kg. In September, the price of silver contract supplied at the Multi Commodity Exchange (MCX) reached its all -time high of 1,14,875 per kg in early trade. Later it received a slight softness and increased by Rs 1520 or 1.35 percent to Rs 1,14,521 per kg.
Commodity expert says that the price of silver in New York gained 1.68 percent to $ 39.05 an ounce in New York. This affected the Indian market. Let us tell you that this year, silver has given its investors the highest 31% bumper return. Experts in the bullion market say that this boom in silver will continue even further. Silver can reach 1 lakh 25 thousand rupees by the end of this year.
Price was Rs 1,05,500 on Friday
The price of silver on Friday in Delhi’s bullion market also rose by Rs 1,500 to Rs 1,05,500 per kg (including all taxes). Silver closed at Rs 1,04,000 per kg on Thursday. Let us tell you that in 2005 the price of silver was Rs 12,250 per kg. In 2008, the price rose to Rs 22,238. In 2020, the price of the moon increased to Rs 73,755. Now in 2025, the price of silver was first 1 lakh. Today it has increased to 1 lakh 14 thousand.
Why the price of silver is increasing?
Anuj Gupta, director of YA Wealth Global Research, told India TV that the reason for silver is due to the new tariff policy of US President Donald Trump. Trump has announced a 50% tariff on copper imports. Not only this, 50% additional fee has been imposed on Brazil and 10% on BRICS countries. 35% duty has been announced on imports from Canada. This has increased uncertainty and anxiety in the global market, making investors turning to silver in the form of safe-havan (safe investment). Silver prices crossed $ 37 an ounce in international markets, the highest level of the last 13 years. This boom in silver is mainly inspired by the new purchase of traders, global policy uncertainty and increasing demand for safe investment.
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