Gold usually dominates the festive buying season in India. However, this year, silver seems to have stolen the spotlight. Prices of silver have surged to record highs, rising nearly 75% this year as demand continues to soar globally.
From households to industries and even central banks, silver is suddenly everyone’s favourite metal.
In India, silver prices have touched around Rs 1,50,000 per kg, marking a fresh all-time high. The metal has outperformed gold and most other commodities this year, driven by a mix of industrial demand, supply shortages, and its renewed appeal as a safe-haven asset.
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Dr Renisha Chainani, Head of Research at Augmont – Gold for All,
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