World · India Bureau
Silver prices surge on speculation of Rs 2 lakh breakthrough
Silver has jumped Rs 11,248 in two trading sessions, with market observers suggesting the precious metal could soon breach the Rs 2 lakh per kilogram mark. The sharp gains reflect growing bullish sentiment in the Indian bullion markets.
LSN India ·
Silver prices across Indian bullion markets have recorded a substantial rally, gaining Rs 11,248 or 6.25 percent over a two-day trading period. Market participants are closely watching whether the white metal can reclaim the psychologically significant Rs 2 lakh per kilogram level in the coming weeks.
The rapid appreciation has reignited interest among retail and institutional investors in silver as an investment avenue. Analysts tracking the commodity suggest that current price momentum, supported by global market dynamics and domestic demand patterns, could carry silver towards its previous highs.
Market observers attribute the recent rally to a combination of factors, including renewed interest in precious metals as inflation hedges and potential shifts in global monetary policy. Investors have been reassessing their portfolio allocations, with silver emerging as an attractive option alongside gold.
While the immediate outlook appears positive, market participants are advised to monitor broader economic indicators and international silver price movements, which continue to influence domestic valuations. The Rs 2 lakh mark remains a key resistance level that traders are targeting in the near term.