Silver, the poor man's gold, beats precious metal to set a record in festive season - Business News, Finance News, Share Market News - Market trendz

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Friday, 1 November 2024

Silver, the poor man's gold, beats precious metal to set a record in festive season


This Dhanteras saw a surge in silver purchases, outshining gold due to its record-high prices. Silver sales increased by 30-35%, driven by both consumer interest in jewellery and industrial demand, especially from electric vehicle manufacturers. Meanwhile, gold sales fell despite a 30% price rise. Investment in silver is now seen as a promising opportunity.

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