Gold Silver Rate: Record-breaking increase in silver prices after gold! Crossed the figure of 7 thousand
On Thursday, a record shine was seen in the price of silver, which is at the forefront of precious metals. In the capital Delhi, the price of silver has increased by a whopping 6,000 rupees to reach 163,000 rupees per kilogram. This has become the highest price ever. In the global market too, silver has surged, crossing the 50 dollars per ounce mark for the first time.
Impact of Interest Rate Cuts and Global Instability
It has become clear that several international factors are responsible for this massive increase in silver prices. In particular, the possibility of interest rate cuts by the U.S. Federal Reserve, as well as ongoing economic and geopolitical instability worldwide, has led investors to once again turn to safe options. Along with gold, silver is also considered a safe investment option, which has significantly increased its demand.
Big Leap for the Second Time in a Week
This is the second major jump in silver prices last week. Previously, on October 6, silver prices had increased by 7,400 rupees, reaching 157,400 rupees per kilogram. Then on Wednesday, the price was 157,000 rupees per kilogram. Therefore, in just one day, silver jumped again by 6,000 rupees.
Rally in the International Market as Well
Not only domestically, but silver prices have also increased by 2% in the international market. As a result, silver has crossed the important level of 50 dollars per ounce for the first time. This rally is considered a symbol of global investors' confidence in safe investments.
Signals for Investors
In the current situation, against the backdrop of economic instability and interest rate cuts, investment in precious metals may gain momentum again. The rapid increase in the price of metals like silver can serve as both a warning and an opportunity for investors. This record rise in silver prices is not just an addition to numbers, but also indicates changing equations in the global market and a significant shift in investment strategies. In such times, making informed investments with the advice of financial advisors can prove to be more beneficial.