gold Silver
On Tuesday, silver prices are once again seeing a rise. The special thing is that the prices of silver had fallen by about 30 thousand rupees from the record high on Monday. Which is the biggest single day fall in silver in the last few years. On Tuesday morning, an increase of more than Rs 12 thousand was seen in the prices of silver. However, the price of silver is still trading at about Rs 20 thousand less than the record high. According to experts, after seeing a big fall in one day, investors are once again getting enthusiasm to invest in silver. A day ago, silver had crossed the level of Rs 2.50 lakh for the first time. After which investors started profit booking. However, experts say that silver prices may reach the level of Rs 2.75 lakh in the next few weeks. Let us also tell you at what level the prices of silver and gold are trading.
Increase in silver prices
Silver prices on the country’s futures market Multi Commodity Exchange are showing a rise on Tuesday after a big fall on Monday. During the trading session, the price of silver rose by Rs 12,478 per kg to Rs 2,36,907 per kg. However, at 9.45 am, silver is trading at Rs 2,33,482 with a rise of Rs 9,053. However, a day earlier the prices of silver had fallen significantly and closed at Rs 2,24,429. It was expected that there might be a fall in silver prices on Tuesday, but it did not happen and it opened at Rs 2,31,100.
When the price fell by Rs 30 thousand from the record level
On Monday, silver prices crossed the level of Rs 2.50 lakh for the first time and reached a new record level of Rs 2,54,174. After that, investors started such profit banking that by the time the market closed, the price of silver fell below Rs 2.25 lakh. This means that the price of silver closed Rs 29,745 lower than its record level. Which is considered to be the biggest single day fall in the last few years. According to experts, the main reason for this decline is the beginning of peace talks between Trump and Zelensky. However, a rise in silver prices may be seen in the next few days.
Gold price also increased
At the same time, there is a rise in the price of gold in the futures market on Tuesday. If we look at the data, at 9.50 am, gold is trading at Rs 1,35,675 per ten grams with a rise of Rs 733. However, the price of gold also reached the day’s high during the trading session at Rs 1,36,044 per ten grams. A day ago, there was a big fall in the price of gold and the price closed at Rs 1,34,942. A fall of Rs 4,931 was seen in the price of gold on Monday. It is expected that the prices of gold and silver may increase in the coming days.