InvestorQ : Will the prices of silver increase in India by July-2021?
Tanya Mehta made post

Will the prices of silver increase in India by July-2021?

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Priyanka Singh answered.
4 months ago
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With the wedding season coming up for a break, the prices of silver will face a downturn due to low demand in the economy. However, if the international market rates will not show any significant fluctuations in the prices, we can expect that the silver trading prices will be stable until April 2021.

Silver has been at par with the gold trend and both have seen similar changes in their price levels during the entire 2020, majorly due to the pandemic. Whereas, the scenario in the world economy has changed and, we can expect the opposite turns in prices of gold and silver.

The news of mutant coronavirus in the UK has already left its impact on the stock market, crashing Nifty by 432 points to settle at 13,328 points. On the other hand, Sensex dropped by 1406 points to settle at 45,553 points. The current situation in the UK could lead to another uncertainty due to which prices of silver will rise beyond expectations.
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