These days, silver prices are writing a new history in the domestic bullion market. With a sharp rise for the second consecutive day, this white metal has broken another record. Silver prices crossed all-time highs in Delhi on Thursday, which clearly indicates that heavy buying by investors and traders is still going on.
Big jump again in one day
According to the data of All India Bullion Association, on Thursday silver became costlier by Rs 1,800 and reached a new high of Rs 2,07,600 per kg. A day before this, on Wednesday itself, silver had registered a strong rise of Rs 7,300 and had crossed the level of Rs 2 lakh for the first time.
Yearly returns are shocking
On January 1, 2025, silver was around Rs 90,500 per kg. Till now it has increased by more than Rs 1,17,000. That means a return of approximately 129%! This performance has made silver the fastest returning commodity asset this year.
Gold remains calm, investors focus on silver
While the rally in silver continues, no significant change was seen in gold. 99.9% pure gold remained stable at around Rs 1,36,500 per 10 grams on Thursday. It is clear from this that at present investors are more interested in silver than gold.
Impact of global market also continues
A slight decline was seen in the prices of gold in the international market. At the same time, silver remains high in foreign markets also. On Thursday, it slipped slightly to $ 66.04 per ounce, but before that it had touched the record level of $ 66.88 per ounce. Even at the international level this year, silver has increased by about 126%.
Demand and supply increased the price
Experts say that the reason for the strengthening of silver prices is surplus demand and limited supply. Industrial demand for silver is increasing rapidly in sectors like. For the fifth consecutive year, supply remains less than demand. Experts believe that this trend may keep prices high till 2026.