There has been a tremendous rise in the price of silver in the country’s capital, Delhi. For the first time, prices exceeded Rs 97,000. What is special is that the price of silver has seen an increase of Rs 5,100 in three consecutive days. If experts are to be believed, if the silver price continues to rise like this, then the silver price in Delhi will cross one lakh rupees this week. On the other hand, silver prices also hit record levels on Wednesday on the Multi Commodity Exchange. In the afternoon there is a drop in the price of silver in foreign markets. Let us also tell you what the price of silver has been in the country’s capital, Delhi.
Silver prices hit record high in Delhi
Silver prices have hit record highs in the country’s capital, Delhi. According to the data, an increase of Rs 1,150 in the price of silver was observed on Wednesday and the price fell to Rs 97,100 per kg. While a sharp rise of Rs 3,100 was observed in the price of silver a day ago. An increase of Rs 1,050 in the price of silver was also observed on Monday. This means that the price of silver has seen an increase of Rs 5,100 per kg in three days. According to experts, if a similar rise is seen in the price of silver, the price could soon cross one lakh rupees.
The price of gold also increased
On the other hand, the gold price in Delhi has seen an increase for the third consecutive day. According to the data, an increase of Rs 250 per ten gram has been observed in the price of gold in the country’s capital, Delhi. After which the price of gold in Delhi increased to Rs 73,200 per ten gram. However, an increase of Rs 130 in the price of gold was seen on Tuesday. While on Monday the prices had increased by Rs 220. This means that an increase of Rs 600 has been observed in the price of gold in three days.
Gold and silver became cheaper in foreign markets
An increase in gold and silver prices has been observed in the New York Comex market. According to the data, the spot price of gold is trading at $2,346.52 per ounce with a drop of $14.79 per ounce. On the other hand, the gold future is trading with a drop of 12.20 dollars per unit, to 2,367.10 dollars per unit, if we talk about silver, the silver future on Comex is trading with a drop of 0.22 percent at $32.07 per unit. At the same time, the spot silver price fell 1.11 percent to $31.75 an ounce.
What is the visible price on MCX?
A slight drop in gold and silver prices is observed in the country's local Multi Commodity Exchange market. According to the data, gold is trading down Rs 22 at Rs 72,158 per ten gram. However, during the trading session on Wednesday evening, silver also fell to the day's low of Rs 71,931. If we talk about silver, a drop of Rs 211 was recorded on Wednesday night and the prices went down to Rs 95,237. However, during the morning trading session, silver prices hit a record high of Rs 96,493. This means that silver has become cheaper by Rs 1,256 from the all-time high.
