In just three weeks, silver prices in Delhi-NCR’s bullion markets have increased by more than 3%, or Rs 8,200, to reach the Rs 1 lakh per kilogram level. According to commodity analysts, prices would rise by three to five percent in the lead-up to Dhanteras. The December Silver contracts on the MCX, meanwhile, rose by Rs 2019 or more than 2% to reach a new all-time high of Rs 99,475.
In just three weeks, silver prices in Delhi-NCR’s bullion markets have increased by more than 3%, or Rs 8,200, to reach the Rs 1 lakh per kilogram level.
According to commodity analysts, prices would rise by three to five percent in the lead-up to Dhanteras. The December Silver contracts on the MCX, meanwhile, rose by Rs 2019 or more than 2% to reach a new all-time high of Rs 99,475. At Rs 1,01,688, the March 2025 futures were up Rs 1,847, or 1.85%.
Regarding silver ETFs, trades saw gains of up to 1% for DSP Silver ETF, Aditya Birla Sun Life Silver ETF, Axis Silver ETF, and others.
Read Also:Can Silver Outperform Gold in Returns and Why Is the Price Increased?
As per banking sector experts the silver has been creating new records and in physical markets in Delhi-NCR, it has surpassed Rs 1,00,000 levels.
Silver’s appeal has been going up on industrial demand and by virtue of being a haven along with its pricier cousin gold. He sees another 3-5% rise in the run-up to Dhanteras.
Silver’s gains on the year-to-date basis stand at 33% or Rs 25,036 per kg.
