Silver Price Hike: Silver Price Hike: Silver Hits 1.20 Lakh Rupees, Know Gold Price

Silver Price Hike: A new record has been witnessed in the Delhi Sarafa Market. The price of silver has jumped by ₹2000, and now the total price of silver has reached ₹120,000 per kilogram. Talking about gold prices, there has been an increase of ₹500, and now 10 grams of gold is priced at ₹101,270. After the Federal Reserve dispute in the US and decisions by Donald Trump, this kind of stability is increasing, which has led more investors to start investing in gold and silver. The rising weakness of the dollar is also cited as a reason for this surge.

Silver Price Hike

A new record has been seen in the Delhi Sarafa Market amid the growing disputes of the Federal Reserve Bank. On Wednesday, 99.9% pure gold saw a price increase of ₹500, reaching ₹101,270 per 10 grams. Meanwhile, gold with 99.5% purity saw a rise of ₹400, taking its price to ₹100 per 10 grams. This rising price of gold is attributed to global and political uncertainty.

US Tariffs and Shift Towards Safe Investments

Let us tell you that the US has recently imposed tariffs of up to 50% on Indian products, after which investors have started selecting options where they can get good returns. As a result, investment in precious metals like gold and silver has increased, leading to weakness in the stock market. The weakening dollar is now directly affecting the prices of gold and silver.

Will the Price Surge Continue Like This?

Let us tell you that soon after Diwali, the wedding season will begin. If you want to buy gold or silver, this is a golden opportunity. According to experts, if the political uncertainty at the American and international levels persists, we may see even more changes in prices. The lower the dollar’s value, the higher the prices of gold and silver will appear. However, as soon as the wedding season starts in India, these prices are expected to rise even further.