Silver outshines gold; to hit Rs 2L in a few days! Experts say it’s a better investment

Investors seeking to invest in precious metals are increasingly turning to silver rather than gold, as silver prices have surged at a faster pace and offered higher returns. Over the past nine months, the price of silver has doubled, rising at roughly twice the speed of gold.

Between October 7 and 13, silver prices increased by Rs 28,000 per kilogram, reaching a record Rs 1,95,000 per kg. On October 5, silver was trading at Rs 1,65,000 per kg, marking a significant gain in just nine days.

Analysts note that silver rates are currently rising by Rs 4,000 to Rs 5,000 per day, and if this momentum continues, silver could cross Rs 2 lakh per kg within two days.

Also Read: Silver scales Rs 1.5 lakh/kg for first time; gold hit record Rs 1,19,500/10g on safe-haven buying

Gold prices have also seen a rise, though at a slower pace. In the capital, 22-carat gold (10 grams) is now priced at around Rs 1,15,000, increasing by over Rs 6,000 in just one week.

Experts attribute the surge in precious metal prices to multiple factors, including a weak Indian rupee against the US dollar, making imports costlier.

Additionally, global market uncertainty, geopolitical tensions, and US tariff policies are contributing to rising prices.
Silver’s extensive use in industrial applications further adds to its demand.

Given these trends, many investors are now considering silver a more attractive investment option than gold, as it offers faster appreciation and stronger returns.