Silver Price New High Rate:Â The trend of increasing the shine of silver continues and the prices of the shiny metal are constantly reaching new heights. In today’s trading, silver saw a jump on the Multi Commodity Exchange and it went to a record level. On the basis of continuous rise, the July futures of silver on MCX can reach the price of Rs 1 lakh very soon and it is believed that this level can be touched this month itself.
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Silver made a new record high
Silver made a new high of Rs 94868 today and has come close to Rs 95,000 per kg. In today’s trade, a low of Rs 94511 per kg was seen while in yesterday’s trade silver closed at Rs 94725 per kg.
Silver prices at 1 pm
Silver prices are seen at Rs 94327 per kg at 1 pm with a fall of Rs 398. In yesterday’s trading, silver had fallen by Rs 1900 in the morning and later a great recovery was seen in it, due to which it managed to return to the all-time high.
Silver prices fell in the international market
In the international market, the rates of shiny metal silver are on a decline today and are trading at $32.05 per ounce. Gold rates are also seeing a decline on Comex today and are trading at $2420.45 per ounce.
Silver has become lakhtakiya in the spot market in the country
Although the commodity markets were closed on Monday, 20 May 2024 due to the fifth phase of Lok Sabha elections in Mumbai , the price of silver skyrocketed in the spot market. On this day, the price of silver had gone above Rs 1 lakh per kg in many cities of the country and in many cities of the South, silver had become lakhtakiya.Â
