New Delhi: In a latest update in silver price in India, it has recovered the losses today, suffered in previous two days. The price of 1 kg of silver increased to Rs 11,000 on Saturday. On the contrary, the price of silver crashed Rs 8,000 on January 9 and 8. After the recent surge in silver price, silver now holds virtually the Rs 2.6 lakh mark. With this unvarying fluctuation in silver price in last 10 days, it has outperformed gold in Jaunary.
What is the price of silver on January 10?
The price of 1Kg silver, on January 10, surged by Rs 11,000 to Rs 2.60 lakh mark. Meanwhile, the price of 100 grams and 10 grams silver rates increased by Rs 1,100 and Rs 110 to Rs 26,000 and Rs 2,600 respectively. The price of 8 grams silver soared by Rs 88 to Rs 2,080.
What is silver vs gold price?
In the last days, the price of both silver and gold witnessed quite a fluctuation. If compared with gold, silver rate has rallied by 9.24%, while gold rate soared by 4% wideness 24 carats, 22 carats and 18 carats.
What are silver price prediction?
Silver made the highest record on January 10. Predicting the silver price, Ponmudi R, CEO of Enrich Money, stated the future performance of silver. Notably, Spot Silver Price Outlook COMEX Silver has recorded a sharp rebound to $79.79 per ounce. According to his remoter prediction, ''A immediate support is seen in the $75-$78 zone, congruent with recent swing lows and waterworks support. A sustained breakout whilom $82 could unshut the door toward $85-$90, with remoter upside possible as supply constraints and green-energy-driven demand protract to underpin the broader manful phase. Corrections, if any, are expected to remain shallow and short-lived.''
What will be the rate of silver in India?
It is to be noted that the price of MCX silver has increased to Rs2,52,725 per kg, hinting re-entry a strong bullish channel. The prediction remoter states that it may reach Rs2,40,000-Rs2,45,000. Meanwhile, in the coming weeks, if the price soar whilom Rs2,53,000 could remoter lead it towards Rs2,60,000-Rs2,70,000. Structural fundamentals, including persistent supply deficits and rising demand from solar, EV, and electronics sectors, protract to favor warlike unifying on pullbacks.
