Between common investors Gold and shares are the most popular. Most investors invest in gold or invest money in stock. Investors investing in mutual funds also invest in stock only through SIP. But you will be surprised to know that this year, not gold or stock, but silver has given returns to its investors. Let us tell you that from January to 11 July, Sona has given a return of 27.45%, Nifty 50 6.37% and Bank Nifty has given 11.59% returns. At the same time, this year, silver has given the highest bumper return of 29.54% to its investors.
Silver price crosses 1.11 lakhs
Silver prices in India crossed ₹ 1.11 lakh per kg for the first time in history. On Friday, silver touched a record high of ₹ 1,11,750 per kg on the Multi Commodity Exchange (MCX). At the same time, the price of gold in the bullion market of the national capital increased by Rs 700 to Rs 99,370 per 10 grams on Friday. Specialists say that the price of silver is expected to continue further. This year the price of silver can reach Rs 1.25 lakh per kg.
Why the price of silver is increasing?
Anuj Gupta, director of YA Wealth Global Research Told India TV that the reason for the huge rise in silver is 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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