Gold is fine, silver has broken all records! Is not the price of ₹ 1.5 lakh far away now?

The glow of gold is always in the headlines, but these days the real game is doing silver. Silver prices are not taking the name of stopping. One after the other, all the old records are breaking and a new history is being created every day.

The condition is that silver has also crossed that magical figure of Rs 1 lakh per kg, which was also difficult to think about a few months ago. And now prices have crossed Rs 1.08 lakh. Seeing this, from small investors to big experts, there is only one question on everyone’s tongue – will silver reach Rs 1.5 lakh per kg by December 2024?

After all, why is silver running so fast?

There are no one, but many big reasons are working together behind this silver rocket. Come, let’s understand in easy language:

1. Faithful demand coming from factories: This is the biggest reason. The use of silver has increased a lot in today’s new technology. From making solar panels to electric vehicles (EVS) and 5G technology, silver is needed everywhere. It is also being called gold of ‘green energy’. As the world is moving forward in technology, the demand for silver is also increasing.
2. New Investment New ‘Hotspot’: Gold has become very expensive, so now small investors are investing silver as ‘gold of poor’ and investing in it. When there is uncertainty in the stock market, people consider silver as a safe investment.
3. Wedding season: In India, the purchase of silver increases in the same way in the festivals and weddings season. People buy things like anklets, nettle and utensils fiercely. This domestic demand is also affecting prices.
4. International market boom: Silver prices are on fire not only in India, but also the effect of which is clearly visible on the Indian markets.

So will silver really reach 1.5 lakhs?

According to market experts, silver still has a lot of power. Many experts believe that the way industrial demand is increasing, silver can easily be taken from 1.25 lakh to 1.30 lakh rupees. If the situation remains the same, then it will not be surprising to touch the level of Rs 1.5 lakh by the end of the year.

However, the market always runs on expectations. If you are thinking of investing in silver, then remember one thing – do not put all the money together in a hurry. It is always a better option to shop for a fan -lying or take advice from a financial advisor.