31% return in silver, 38% return in gold in one year from Diwali to Diwali

Precious metals are considered the key against the crisis. In times of trouble and in need of money, people raise cash by selling their gold and silver jewellery. Due to this, the flow of investment in these two precious metals is increasing every year. In terms of investment, people trust gold more than silver. But if we look at the figures of the last one year, the investors who invested in silver and not gold have got strong returns.

Last year, in the days before Diwali, the price of gold was Rs. Per 10 grams is Rs 59,752, which is currently Rs 59,752 this year. The level of 78,200 is above. The price of gold has increased by 30.87% on an annual basis. Whereas silver last year was Rs. 70,032 per kg, which is now Rs. The price is Rs 96,500. Thus, silver has given a return of 37.79% in one year. The war between Russia and Ukraine started in 2022 and since Diwali that year, gold is up about 54% while silver is up 67%.

According to experts, wars have been going on in different parts of the world for the last three years. After Russia and Ukraine, war broke out between Israel and Iran. On the other hand, the economies of many countries including America, China, Europe have become weak. All these factors are increasing investment in bullion as a safe investment. Another important reason for high returns in silver is that apart from jewelery silver is also an industrial metal. In the last two-three years, demand for silver has increased from the electric vehicles and solar energy industry.

By March silver was Rs. Can be done for Rs 1.30 lakh

Experts are also of the opinion that considering the way silver has made a comeback among investors in the last one year, the inflow of investment in silver is likely to increase in the near future. Given the current geopolitical situation, demand for silver as a safe haven will continue, with global silver expected to touch $40 in the next six months. Apart from this, keeping in mind the possibility of investment through ETF and the industrial demand of China, silver will reach Rs. by March 2025. Can reach up to Rs 1.30 lakh per kg.