Silver prices: Demand for silver is set to strengthen further as consumption from crucial technology-led sectors accelerates, the Silver Institute said in its latest report. Silver prices climbed 2% to hit a fresh record near Rs 1,92,000 per kg on the MCX in intraday trade on Wednesday, December 10, tracking a similar uptrend in gold. MCX silver March futures touched Rs 1,91,800 per kg, while MCX gold February futures hit Rs 1,30,502 per 10 grams earlier in the day. Advertisement

Spot silver has surged 108% this year, while spot gold is up 68%. Silver, which was Rs 85,851 per kg on December 31 last year, touched Rs 1,78,861 per kg on December 9. Domestic spot gold rose from Rs 75,913 per 10 grams to Rs 1,27,762 over the same period.

Solar energy, EVs, data centres

The Silver Institut

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