Now Reading: Gold Crosses Rs 1.5 Lakh, Silver Rises Over Rs 6,000
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Gold Crosses Rs 1.5 Lakh, Silver Rises Over Rs 6,000
Gold prices moved above Rs 1.5 lakh per 10 grams, while silver became costlier by more than Rs 6,000 per kg on the Multi Commodity Exchange, NDTV Profit reports. The move puts…
The Story in Brief
Gold prices moved above Rs 1.5 lakh per 10 grams, while silver became costlier by more than Rs 6,000 per kg on the Multi Commodity Exchange, NDTV Profit reports. The move puts both precious metals in focus for investors and households tracking bullion prices.
NDTV Profit attributes silver’s recent strength to a tightening physical market. Major global inventories are under pressure, while industrial demand continues to absorb large quantities of silver. The report does not provide the exact gold price, the silver price, or the trading session’s percentage changes.
The Indian Opinion
The lazy claim that silver’s rise is purely a speculative rush does not fit the factors cited here. Physical supply is tightening and industry is using large quantities, but that does not guarantee prices will keep climbing. Households should separate a headline rate from their actual purchase price, including taxes and making charges. The useful test is whether pressured inventories and industrial demand persist through the next few trading sessions.
Sources (2): ndtvprofit.com, ndtvprofit.com (2)
This story was synthesised by AI from the 2 sources linked above.
Updated: this story now draws on 2 sources.
