00:00In India, the festive season is going on and the wedding season is also about to begin.
00:15In this, we are seeing that the price of gold is increasing continuously and in this, not
00:19only gold, but also silver prices are also seeing a great jump.
00:24In the domestic market, the price of 1 kg of silver has exceeded Rs. 96,000 and in this
00:28case, experts believe that very soon its price can exceed the level of Rs. 1 lakh per kilogram.
00:34So what are some details and is this the right time for you to buy silver and what is the
00:39reason for the rise in silver prices?
00:43Let's understand this in detail in the video.
00:45So experts believe that the price of Rs. 1 lakh per kilogram of silver can reach Diwali
00:51and can prove to be the best time to invest in silver for investors.
00:55Investors can book profits in silver in a short time and if you are thinking of investing
00:59in silver, then this time can be right for you because the prices of silver can increase
01:04more in the coming time.
01:05Now let's first understand what is the reason for the rise in silver prices.
01:10So in India, the main reason for the recent rise in silver prices is the increase in demand
01:14at domestic and international levels.
01:17In August 2024, the import of silver in India increased dramatically, which is more than
01:22Rs. 1300 crore and has reached Rs. 11,000 crore.
01:27This is the result of the increase in the record in the weakness of the US dollar and
01:31gold prices.
01:32These two factors have made the prices of silver stronger.
01:35There has been a decrease in the supply of silver at the international level for the
01:39past four years.
01:40In 2024, the global demand for silver is likely to reach 1.21 billion oz, which can be a new
01:46record.
01:48As the demand supply imbalances, the prices of silver are expected to increase further.
01:53In India too, investors and consumers are turning to silver to avoid the instability
01:57of inflation and currency.
02:00So in this, experts believe that the prices of silver will continue for now.
02:04According to Motilal Oswal, the prices of silver can reach Rs. 1 lakh in the medium
02:08to long term and possibly Rs. 1,20,000 per kilogram.
02:13This can be a great opportunity for you because the current price is around Rs. 96,000 and
02:20it is estimated to reach Rs. 1 lakh by Diwali.
02:24So in this, this can be a great opportunity for you to buy.
02:28Experts believe that silver can outperform in the near future and can give more returns
02:34to its investors than gold.
02:36So this is a great opportunity for you.
02:38How did you find this information in the video?
02:40Do tell by commenting.
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