By Admin 
Silver Prices In India: Often the demand for gold increases significantly during any festive season in the country, because it has economic as well as social and religious importance. At the same time, silver has given excellent returns to investors this year. Due to its increased demand at the global level, the price of silver has seen an increase of about 75 percent.
Why is the price of silver increasing?
At present, silver has become the first choice of people, industries and central banks. Due to continuously increasing purchasing, its price in India has reached around Rs 1,50,000 per kg. This is at its highest level ever. Silver has given better returns compared to gold and other investment instruments, due to increased demand in industries, reduction in supply and investors considering it a safe instrument.
According to market experts, this rise in the price of silver may continue in future also. According to Dr. Renisha Chenani, Head of Research, Augmont, silver has currently reached around Rs 1,50,000 per kg. If this level remains intact, its price may reach near Rs 1,65,000. However, on Thursday the price of silver had fallen slightly to Rs 1,44,000 per kg.
What are the experts saying?
Dr. Chenani says that the attraction of investors towards safe investment has been the main reason for the increase in the price of silver by 75 percent this year. Apart from this, shortage in supply and increase in industrial demand have also given rise to its price.
Dr. Chenani says that the period of geopolitical uncertainties and global monetary policy have also worked to further increase the price of silver. Apart from this, due to political instability in America, Japan and France, its price is rising like a rocket. Whereas, a decline in its price is being seen in the London market.
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