By Admin 
Silver Price India: Before the festive season, the prices of gold as well as silver have increased. On Thursday, silver prices in the Indian domestic market had reached its all-time high level and its price was Rs 1,53,388. Along with the Indian market, there was a rise in the prices of silver in the international market also. Silver had crossed $50 per ounce for the first time in the international market. Due to industrial demand, the prices of white metal are touching the sky.
Why did silver prices suddenly rise?
Market experts believe that reduction in production and industrial demand have increased the prices of silver. Apart from this, the ongoing problems at the global level have also contributed in increasing the prices of silver. However, on Friday, silver fell below its all-time high price in the futures market of the country. A rise in silver prices is expected due to the purchase of silver during Diwali during the festive season. Market experts believe that the price of this white metal will remain high in the coming days.
Also, the demand for silver is increasing rapidly in different industries. Due to its quality, it is used in many places other than solar panels, electrical equipment, medical etc. It remains the second largest asset in the Indian market. Silver has given more than 80 percent returns to its investors in the year 2025.
Silver movement on MCX on Friday
On Friday, the price of silver opened at Rs 148499 per kg on Multi Commodity Exchange (MCX). On Thursday, silver had closed at Rs 146324. At 11:06 am, silver futures expiring on December 5 were trading at Rs 146405 per kg with an increase of Rs 81.
Read also: Gold became cheap or expensive? What is the price of 10 grams of gold today? See the latest price of October 10