Silver price breaches record high! White metal crosses Rs 4 lakh per kg, gold jumps 6%; Should you buy on dips? - The Times of India
Silver prices in India have climbed to a historic peak, crossing the ₹4 lakh per kilogram mark, driven by strong global demand, supply constraints, and rising investor interest in precious metals. At the same time, gold prices have jumped nearly 6% in a short period, supported by expectations of interest rate cuts by major central banks and ongoing global economic uncertainty. Analysts say silver’s rally is also linked to its growing industrial use, especially in renewable energy and electronics, which has tightened supplies. While the sharp rise has attracted fresh buyers, experts advise caution for short-term investors due to high volatility. Long-term investors, however, may consider gradual investments during price corrections rather than chasing highs. Market participants are closely tracking global inflation trends, the US dollar’s movement, and geopolitical developments, all of which continue to influence gold and silver prices in the domestic market.
The Key points
- Silver price crosses ₹4 lakh per kg for the first time.
- Gold prices rise nearly 6% amid global uncertainties.
- Strong industrial demand boosts silver’s upward momentum.
- Renewable energy sector increases silver consumption worldwide.
- Expectations of global rate cuts support precious metals.
- Weakening US dollar adds strength to gold and silver prices.
- Supply limitations contribute to silver’s sharp rally.
- Experts warn of short-term volatility in metal prices.
- Long-term investors advised to buy on price corrections.
- Global economic and geopolitical factors remain key drivers.
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