Why silver is shining bright in India, hitting all-time high
Silver just hit an all-time high in India, with futures jumping to ₹1.43 lakh per kg on Monday.
This surge matches a global trend—spot silver climbed 1% to $46.47 per ounce.
The falling rupee (now close to 88.70 against the dollar) has made imported silver pricier, pushing up costs here at home.
Factors behind the price surge
It's a mix of global money moves and local factors. Worldwide, talk of easier monetary policy and ongoing geopolitical tensions have people turning to precious metals like silver.
In India, the weak rupee makes imports costlier, while demand is also getting a boost from silver's use in solar panels and electronics.
Investors are piling in too—analysts say strong interest is keeping prices up, but warn that shifts in currency or global demand could change things fast.