"silver-prices"

Silver prices surged to an all-time high of ₹1,14,493 per kg amid strong global trends and domestic demand. Gold also gained sharply. Analysts cite economic uncertainty, industrial demand, and safe-haven interest as key drivers behind the rally.

Silver also registered a steep rise of Rs 2,300 to Rs 95,500 per kg, largely in tandem with global trends

The long-term outlook for silver remains strong due to its increasing industrial usage. The precious metal is a key component in electronic devices, circuit boards, solar panels, and EV batteries

investors are turning to precious metals for stability as a result of increased market volatility brought on by elevated geopolitical tensions,

The fall in prices comes despite the ongoing wedding season, typically a period of heightened demand for precious metals

The duty on gold and silver has been reduced to 6 per cent, leading to an immediate impact on prices.

On the Multi Commodity Exchange, silver contracts for September delivery declined by Rs 138 or 0.19 per cent to Rs 73,430 per kg in a business turnover of 7,628 lots.

Last week, there were messages on the Reddit forum WallStreet Bets and other places on social media encouraging small investors to buy silver. The metal shot up Monday, but many of the online investors said it wasn't them bidding up the price.

The yellow metal had closed at Rs 50,610 per 10 gram in the previous trade.

Silver prices also jumped Rs 694 to Rs 65,699 per kilogram from Rs 65,005 per kilogram in the previous trade.