Rising trend in silver in bullion market, price increased by more than Rs 11 thousand

New Delhi. Spot silver has once again made a huge jump in the domestic bullion market today. The price of this shiny metal has increased by more than Rs 11 thousand per kg in early trade.

Due to the rise in the price of silver, today silver is being sold at prices ranging from Rs 2,69,900 per kg to Rs 2,75,100 per kg in different parts of the country.

Silver rose by Rs 11,800 per kg in Delhi bullion market, due to which this shiny metal is trading at the level of Rs 2,70,100 per kg today.

Similarly, in Mumbai, Ahmedabad and Kolkata, silver is trading at Rs 2,69,900. Whereas in Jaipur, Surat and Pune, silver remains at the level of Rs 2,70,200 per kg.

Whereas in Bengaluru, silver is trading at the level of Rs 2,70,400 per kg and in Patna and Bhubaneswar, silver is trading at the level of Rs 2,70,000 per kg. Apart from this, silver is being sold in Hyderabad at the level of Rs 2,74,800 per kg with an increase of Rs 11,600 per kg.

The highest price of silver in the country is still in Chennai, where this shiny metal has become costlier by Rs 11,900 per kg and has reached the level of Rs 2,75,100 per kg.

Market expert Mayank Mohan says that the prices of gold and silver have been supported by the hope that the war in West Asia will stop.

Especially, due to the weakness in the dollar index, the inclination of investors has increased towards these two shiny metals. Amidst the geopolitical tension in the domestic bullion market, a rise of up to Rs 20 thousand per kilogram has been recorded in the price of silver in the last one month.

According to Mayank Mohan, at present the industrial demand for silver has declined due to the ongoing war in West Asia. Therefore, at present there is no strong upward trend in the price of this shiny metal. But, after the creation of an atmosphere of peace in West Asia, the demand for silver will also increase as industrial activities intensify.

If this happens, the price of this shiny metal is expected to rise twice. However, this entire hope will depend only on the cessation of the ongoing war in West Asia.