The price of silver in the country’s capital Delhi has reached 1.5 lakh rupees.
From the country’s futures market, from the multi -commodity exchange to the bullion market of Delhi, the credibility of silver has been increased. In the current year, the price of silver has increased by more than 67 percent in the country’s capital so far. Which is much higher than the return of gold. The limit was reached on Monday, when the price of silver crossed the level of Rs 1.5 lakhs about 3 weeks before Diwali. The reason for this is less supply and high demand.
By the way, some experts say that the silver has been over -valued. In such a situation, silver prices may be reduced in the coming days. At the same time, some say that silver has crossed a psychological level of Rs 1.5 lakh. Now its prices will be seen even more in the coming days. By the end of the current financial year, the price of silver can also touch the level of Rs 2 lakh. This means that in the next 6 months, the price of silver can be increased by 50 thousand rupees.
Experts say that this target of Financial Year and Financial Year and is possible only when the ratio which is in the present time remains the same. From Jio Political Tension to Trade Tension, the Alam should remain the same. Also, there was a steady decline in the dollar index. Even if anything is up and down in them, even then silver prices can be seen around Rs 1.75 lakh by 31 March 2026. Let us also tell you that at which level the price of gold and silver has reached from the country’s capital Delhi to the futures market of the country.
Silver crosses 1.5 lakh rupees in Delhi
On Monday, silver prices in the national capital Delhi rose by Rs 7,000 to Rs 1.5 lakh per kg on the life time high. The special thing is that in the country’s capital Delhi, there was an increase in silver prices for the fourth consecutive day. In the previous business, this white metal closed at Rs 1,43,000 per kg. If we talk about the current calendar year, then silver prices have been seen by Rs 60,300 i.e. 67.22 percent. Whereas on December 31, 2024, silver prices were seen in Delhi at Rs 89,700 per kg. Experts believe that in the coming days, there can be further increase in silver prices.
Can you go up to 2 lakhs?
Experts say that by Diwali, silver prices are expected to be between Rs 1.5 lakh and Rs 1.65 lakh. But the silver of touching a level of 2 lakh rupees may have to wait at least 5 months i.e. till the end of the existing financial year. This level will also be possible only when the existing factor will continue to work for 6 months continuously. This means that supply continues to fall, demand rapid demand, trade and political tension retaining and the most important thing in the dollar index. These are all the reasons that have brought silver prices to a new level.
Even if some of these reasons do not work, even then silver prices can be seen up to Rs 1.75 lakh per kg till the end of financial year. If we talk about the current financial year, then the price of gold in Delhi has seen an increase of Rs 47 thousand i.e. Rs 45.63. The special thing is that 6 months of the current financial year have passed almost.
On the last trading day of March, the price of gold in the Delhi bullion market was Rs 1.03 lakh. If the silver prices reach the level of Rs 2 lakh by the end of FY 2026, then the price of silver can be seen by more than 94 percent. Now only this time will tell that at which level silver prices come in the coming 6 months.
Silver at record level in futures market
On the other hand, silver prices are visible at record level on the country’s futures market Multi Commodity Exchange. On Monday, silver prices were increased by Rs 1,210 on MCX and the market closed with Rs 1,43,099. However, during the trading session, silver prices appeared on 1,44,179 life time high. According to experts, the price here can soon be seen at one and a half lakh rupees. However, in the month of September, silver prices have seen an increase of Rs 21,226. On the other hand, if we talk about the current year, the futures market of the country has seen more than 60 percent increase in silver prices.
Gold also on record high
On the other hand, the prices of gold are also reaching the record level. Also, it is trying to touch psychological levels of Rs 1.25 lakh. On Monday, gold prices saw an increase of Rs 1500 per ten grams and prices reached a new summit of Rs 1,19,500 per 10 grams. According to the All India Bullion Association, gold with 99.9 per cent purity grew by Rs 1,500 to Rs 1,19,500 per 10 grams (including all taxes) all -time high levels.
On Saturday, it was closed at Rs 1,18,000 per 10 grams. In the local bullion market, gold with 99.5 per cent purity also rose by Rs 1,500 to a new level of Rs 1,18,900 per 10 grams, which was Rs 1,17,400 per 10 grams in the last session. So far this year, yellow metal prices have seen an increase of Rs 40,550 i.e. 51.36 percent. Whereas on December 31, 2024, the price of gold was at Rs 78,950 per 10 grams.
There may be further boom
Trivesh D, COO of Brokerage firm Tradjini, said that the US Federal Reserve has made it even more attractive to keep non -yield -like properties due to cuts in interest rates, as the central banks are still making aggressively shopping. Uncertainty and comprehensive risk in Bhurajiti are attracting investors to assets with safe investment. Trivesh further said that the price of silver has gained even more fast.
Which has reached 55 percent this year and is trading at a price of more than $ 46 an ounce, which is due to strong industrial demand, especially solar panels and technology. He further said that the lack of supply is harassing the market even more and if the demand continues in demand, we can expect even more fast. This is an excellent example of fruiting of precious metals at the peak of uncertainty.