Silver Price Today: The speed of silver is out of control! Price suddenly increased, why are silver prices touching the sky?

Silver Price Today | Today’s Silver Dam Silver Rate Today: The rapid rise and fall in the price of silver has surprised people. On Monday, February 23, the price of silver suddenly increased by more than ₹ 13,000 per kg. The price of gold also increased by ₹ 2,787 per 10 grams. On MCX, silver reached ₹ 2,66,536 per kg and gold reached ₹ 1,59,663 per 10 grams. Now questions are being raised as to what is the reason behind the sudden rise, and the future direction of prices is also being discussed.

Know today’s price

For your information, let us tell you that on Monday, February 23, silver has suddenly increased by more than ₹ 13,000 per kg. A rise was also seen in gold. A rise of ₹ 2,787 per 10 grams has been recorded in gold. But the biggest question is why this sudden increase? But first, let us know what is the current price of silver across the country. According to the information, the price of 1 kg silver on MCX is ₹ 266,536, which is an increase of ₹ 13,592 per kg. Till now silver has reached the lowest level of ₹ 263,061 per kg and the highest level of ₹ 268,875 per kg.

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Why is it increasing so much?

In recent times, there has been a continuous increase in the prices of silver, there are many big reasons behind this. Firstly, due to the strength of the dollar in the international market and global economic uncertainty, investors are turning to silver as a safe investment option. Apart from this, increasing demand for silver in industries like solar panels, electronics and electric vehicles is also pushing the prices higher. With the onset of wedding and festival season in India, domestic demand increases, due to which the prices in the market increase further. At the same time, inflation and fluctuations in crude oil prices also affect precious metals. Due to all these reasons, the prices of silver seem to be continuously increasing and may continue to fluctuate in future also.

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