By Admin 
On Monday, silver prices rose by Rs 1,000 to Rs 1,08,100 per kg in Delhi’s bullion market. This is the highest level ever. Earlier on Saturday, silver was stable at Rs 1,07,100 per kg. On Friday, silver jumped Rs 3,000 and touched this level for the first time.
Why are prices rising?
According to experts, this bounce in silver has come due to some important reasons. Such as strong demand from investors, dollar weakness, geopolitical tension, electric vehicle and increasing industrial demand from solar industry. All these reasons have brought the silver price to the seventh sky.
Gold glow faded
On the other hand, gold did not meet the expectations of investors. Gold with 99.9 percent purity fell by Rs 280 to Rs 97,780 per 10 grams. On Saturday too, it fell by Rs 1,630 to close at Rs 98,060. The price of gold with 99.5 per cent purity also fell by Rs 250 to Rs 97,350 per 10 grams, which had previously reached Rs 97,600 after a fall of Rs 1,500.
What is happening in the global market?
Spot Gold was at a slight increase in the international market at $ 3,312.84 an ounce. Possible dialogue between American and Chinese officials has reduced the demand for safe haven assets. The American non-form payroll report has been strong, causing the possibility of relaxation in the policies of the Federal Reserve. Soumil Gandhi, senior analyst of HDFC Securities, said, “Gold prices fluctuate have been maintained due to economic data and geopolitical events.”
Internationally, silver shines
Spot silver has risen 0.9 per cent to $ 36.30 an ounce. Rahul Kalnist, a vice-president of Mehta Equites, said that silver has broken a 13-year record and has reached a new highest level in the domestic market as well. The softening of European inflation and positive signs related to trade deal has strengthened silver.
What is the signal for investors?
If you are thinking of investing in silver, then know that there is a strong bullish trend in the market. However, it is also important to be cautious in this era of fast. At the same time, long -term investors can see the fall in gold as an opportunity.
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