Silver boom after all time high, cheaper by more than 16 thousand rupees in a single day, know the latest rate

Silver Rate Today: The price of gold and silver was continuously touching the sky for some months. But today on Thursday, a huge fall has been recorded in silver. The price of silver has decreased by more than Rs 16 thousand per kilogram. For the last few days, there was news of America’s occupation of Greenland, due to which political tension increased and the prices of silver and gold started touching the sky. But on Wednesday, Donald Trump decided to postpone it for a few days, after which silver fell sharply.

On Wednesday, the price of gold closed at Rs 1,53,116 on the Multi Commodity Exchange of India (MCX), while a big fall was recorded in silver. Silver closed at Rs 3,16,501. Whereas on Wednesday morning a huge rise was recorded in silver and gold. But there was a huge fall during the market closure.

Price fell due to reduction in geopolitical tension

• Such a sudden fall in gold and silver has shocked everyone. Experts believe that even though there has been a decline in the prices of silver and gold today, looking at the market situation, it is not going to last for long.
• The main reason for the decline is being said to be reduction in geopolitical tension. When geopolitical tensions increase, investors start looking for safe zones. During this period, he feels that gold and silver are the safest. Therefore, when the demand suddenly starts increasing, the price starts touching the sky.

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Investors started booking profits

When global political tension increased regarding Greenland, a huge rise in silver was recorded for several days. During this period, the price of gold also increased a lot. But meanwhile, during the meeting in Davos, Trump postponed the decision on Greenland for a few days. During this time, investors started booking profits, due to which the price kept falling further. Now it remains to be seen what rate silver reaches.