Silver became a rocket, rise of Rs 12 thousand even today, return of more than 200% in 1 year, know what is the price now

Silver Rate Today: There is a continuous rise in the prices of silver. Silver is crossing its record level every day. Today, on Wednesday i.e. 14th January, silver has increased by about 12 thousand rupees as compared to previous days. That means now the price of silver has crossed Rs 2,87,000 per kg. In the month of January itself, the price of silver has increased by a total of Rs 32 thousand per kg. A tremendous surge is being seen almost every day.

On Tuesday, silver had increased by Rs 6,000 in the bullion market of Delhi, after which the price became Rs 2,71,000 per kg. On Tuesday, a rise in silver was recorded for the third consecutive day. Now the price of silver has increased for the fourth day. According to experts, silver will soon cross Rs 3 lakh per kg. If the situation continues like this, then silver can cross the price of Rs 3 lakh per kg on Thursday itself. However, there are fluctuations in the market, so it is not possible to say anything.

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Silver reached close to Rs 3 lakh per kg

Talking about the domestic market on Makar Sankranti, a huge jump has been recorded in the price of silver on Multi Commodity Exchange (MCX). The future price of silver contracts for delivery in March jumped by about 4.6 percent from the previous closing and reached Rs 287990 per kg. That means now silver has reached close to Rs 3 lakh.

Why is the price of silver increasing?

When there is a decline or stress in the country’s economy, the price of gold and silver starts rising. Due to geopolitical uncertainty, investors start looking for safe investments. Because of which when demand suddenly increases, prices rise. The price of silver currently reached the level of $ 90 per ounce. It is estimated that it may soon reach $ 100 per ounce.