Since Diwali, the price of silver has seen an increase of about 35 percent.
Even though gold prices have reached their peak. Even after that, Silver has left everyone behind in terms of earnings. Especially after Diwali. In the futures market of the country, since Diwali till December 22, gold has given investors an income of about 5 percent. At the same time, silver has made investors rich. During this period, silver has given returns of up to 35 percent to investors. By the way, the prices of both are increasing on Tuesday i.e. 23rd December also.
The prices of both have once again reached their peak. According to experts, the main reasons for the increase in silver prices are reduction in industrial demand and supply. Also, the attitude of investors has become more visible in the last few months. Due to which an increase in investment demand has also been seen. Let us also tell you how much increase has been seen in the prices of gold and silver since Diwali?
How much did gold prices rise?
First of all, if we talk about gold prices, since Diwali there has been an increase of about 5 percent in gold prices. Diwali in the country was on 20th October. The futures market of that country was open full day. When the market closed, the price of gold was Rs 1,30,624 per ten grams. Whereas on October 17, gold prices reached their peak. Whereas on December 22, the price of gold closed at Rs 1,36,744 per ten grams. In this way, an increase of Rs 6,120 i.e. 4.68 percent was seen in the price of gold.
By the way, even on December 23, a rise in gold prices is being seen. At 9.40 am, gold is trading at Rs 1,626 per ten grams in the futures market of the country at Rs 138370. Whereas during the trading session, the price of gold has reached a new peak of Rs 1,38,381. However, gold had opened with a rise in the morning at Rs 1,38,297.
What wonders did silver do?
On the other hand, the prices of silver in the futures market of the country have done wonders. If we look at the data, there has been a tremendous rise in the price of silver. When the market was closed on Diwali on October 20, the price of silver was Rs 1,57,987 per kg. Since then, the price of silver has seen an increase of Rs 54,885 and on December 22, the price of silver reached Rs 2,12,872 per kg. This means that silver has given investors 34.74 percent income so far. That means, in about 60 days, Silver has broken all the earnings records. However, experts believe that the month of December is not over yet. By the end of the year, further increase in silver prices may be seen.
By the way, even on 23rd December, a good rise is being seen in the prices of silver. If we look at the data, at 9.45 am the price of silver is trading at Rs 215833 with an increase of Rs 2,961. Whereas during the trading session, the price of silver saw an increase of Rs 3,724 per kg and the price came down to Rs 2,16,596 per kg. Whereas this morning it opened with a rise at Rs 2,14,498.
Silver can go up to Rs 2.50 lakh?
According to experts, the price of silver can go up to Rs 2.50 lakh by the end of March 2026. From the current level, around Rs 34 thousand is needed for silver to reach Rs 2.50 lakh. This means silver prices need to rise by about 16 percent. If the pace of silver continues like this then it can be seen at the level of Rs 2.50 lakh in the first week itself. According to Anuj Gupta, Director of Wealth Management, there is an increase in both industrial demand and investment demand for silver, but the supply is very less. Due to which a rise in prices is being seen. The effect of which may be seen further in the coming days.