Silver Price Today: Leave aside gold, silver prices are also skyrocketing, now you will have to pay a huge amount to buy it too

Along with gold prices, silver prices are also skyrocketing. Amid heavy buying in the markets, the price of silver crossed ₹2 lakh on Thursday. While gold prices in India have reached ₹1.3 lakh per 10 grams, silver has touched ₹2 lakh per kilo in some cities.

Silver Price Today: Forget gold, silver prices are also skyrocketing
These days, gold, whether 24-carat or 18-carat, is becoming unaffordable for most people. This is why people are turning to silver. However, silver prices are also steadily rising, which may lead to people having to make do with silver pieces or light coins on Dhanteras.

Silver Price Crosses ₹2 lakh
Reports indicate that silver prices have increased by approximately 75% this year, while platinum prices have also increased by approximately 80%. All precious metals are seeing a rise. While jewelry and investors contribute significantly to gold demand, silver is an important industrial component.

Silver prices at record highs
Silver prices have seen a rise in domestic markets ahead of the festive season. Industrial demand and investor buying have pushed silver prices past the ₹2 lakh per kilogram mark in many areas. Internationally, silver recently surpassed the US$50 per ounce mark.

What is the price of silver in your city?