Hitesh Subhash Jain, chairman of the Zaveri Bazar Welfare Association, said silver seems to be emerging as the new gold. (Photo source: Unsplash) Show Quick Read Summary is AI Generated. Newsroom Reviewed

“Bhaav Rs 2 lakh chal raha hai (The rate is presently Rs 2 lakh) ,” said a seller in Zaveri Bazaar to a customer who walked into his store to inquire about the per kilogram price of silver. To put things into perspective, the per kilogram value of silver, as per the India Bullion Jewellers Association’s closing rate on Tuesday, was Rs 1.78 lakh.

The precious metal is currently being sold at a premium of up to Rs 30,000 in the jewellery market, several sellers told NDTV Profit . The premium is only expected to increase further.

Meanwhile, almost all traders have stopped taking

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