BUSINESSNDTV Profit · 3 hours agoLive
Silver Is Now Down From Rs 4.2 Lakh To Rs 1.9 Lakh: Where It Goes From Here
Reported by NDTV Profit, not nibnow. We are not the publisher of this story, only the source is.
WHY IT MATTERS
A massive drop in silver prices from historical highs directly impacts investors and markets holding the commodity, significantly reducing asset values.
WHAT HAPPENED
The Devil's metal fell to an all time low of $53.8 an ounce in the international spot market. The crash from $120 to $53 now has brought MCX rates in India from Rs 4.2 lakh per kg to Rs 1.9 lakh per kg.
KEY CONTEXT
Silver is a precious and industrial metal traded globally on commodity exchanges, and its prices are driven by international market demand, supply dynamics, and macroeconomic factors.
WHAT TO WATCH
- •Further movements in international spot market prices for silver
- •Updates on MCX rates in India as the market reacts to the recent crash
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