Silver Price Today: Amidst the strong global trend and vigorous buying by local jewelery vendors, bullion prices witnessed a tremendous rise today after two days of heavy fall on Wednesday. On Wednesday, a bumper rise of Rs 5200 was recorded in the price of silver in Delhi. With today's rise, the price of silver in Delhi reached Rs 95,800 per piece. It is being told that this increase in the price of silver recorded today is the biggest increase in a single day so far. All India Bullion Association has shared this latest update regarding the price of silver.
There was a decline in the price of silver for two consecutive days
Let us tell you that before this, there was a big fall in the price of silver for two consecutive days. On Tuesday, a fall of Rs 1100 was recorded in the price of silver in Delhi, after which the price of one kg silver came down to Rs 90,600 per kg. Before that, on Monday also a huge fall of Rs 1600 was seen in the price of silver. After falling in the price of silver in Delhi on Monday, it closed at Rs 91,700 per kg. Let us tell you that last week there was an increase of Rs 300 in the price of silver on Friday and a fall of Rs 500 on Wednesday. Whereas there was no change in the price on Thursday last week.
Rise in silver prices even in futures trading
In this connection, silver prices rose by Rs 840 to Rs 89,090 per kg in futures trade on Wednesday as traders increased the size of their deals amid strong spot demand. On Multi Commodity Exchange (MCX), the price of silver contract for delivery in December increased by Rs 840, or 0.95 percent, to Rs 89,090 per kg. 12,219 lots were traded in this. Experts said that due to the strengthening trend in the domestic market, silver futures prices have increased due to buying of fresh deals by traders. Globally, the price of silver in New York rose by 0.76 percent to $ 31.67 an ounce.
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