price of silver There was a big fall of Rs 2200 per kg today. Silver fell by Rs 2,200 to Rs 90,000 per kg due to weak demand from industrial units and coin makers. In the last trading session it had closed at Rs 92,200 per kg. Common people will get relief from the reduction in the price of silver in the ongoing wedding season. The cost of silver jewelery will be less.
Silver futures prices also declined
Silver prices fell by Rs 1,224 to Rs 89,985 per kg in futures trade on Monday as traders reduced the size of their deals amid weak spot demand. On the Multi Commodity Exchange, the price of silver contract for delivery in March 2025 fell by Rs 1,224, or 1.34 percent, to Rs 89,985 per kg. 26,137 lots were traded in this. Market analysts said selling by participants at current levels in the market mainly led to the fall in silver prices. Globally, silver price in New York fell by 1.71 percent to $ 30.10 an ounce.
Silver price forecast for 2025
According to global brokerage firm JP Morgan, potential US tariffs on Chinese goods will lead to a near-term downturn for base metals in early 2025, but a bounce-back may be seen towards the end of the year due to strong Chinese economic stimulus and better valuations. According to JP Morgan, the price of silver may reach $ 38 an ounce by the end of 2025.
