Silver price
Gold is seen as a safe investment. But the custom of wearing silver is also in Indian culture. That’s why people also hold it a lot. These days, the world is struggling with the tabling tariff installed by Trump. US President Donald Trump is taking such an untouched decisions after the other, which will not only affect India but the whole world is coming in this JD. The result of this is that bumper is seen in the prices of gold and silver. Silver has also given water to gold in the matter of returns in a year. This year silver prices have increased by 50 percent.
Gold has performed tremendously this year. In Rs, this year its price has increased by 40% and 37% in dollars. But the brightness of silver has also been fantastic. Global tension did not allow the glow of this metal to fade. If you look at the rupee, this year the price of silver has increased by about 50% and the dollars have increased by about 46%. This is a better performance of about 9%. The difference between an increase of dollar and rupee is due to a 3% decline in the rupee against the dollar this year.
Why is silver shining?
The era that the world is going through is the era of wars and fierce tension. Since Kovid-19, the whole world-positive equation has been caught by someone. One major war started after another, which is still going on. If we talk about India, the strong demand after Kovid improved the economy, but now again the economic light has been made due to the tariffs being pushed by Trump.
Investors are also taking Trump’s decision with a pinch of salt. The rupee is repeatedly breaking the record of its all-time low. Since there is such a trend of the global market that whenever the economy and currency appear to be weak. Then there is a boom in the commodity market. This is also happening with silver as well. Uncertainty is very high, but the stock markets are constantly increasing. Investors are worried, and for this reason both gold and silver have reached record high.