Ahmedabad: Silver prices in the Ahmedabad market fell to Rs 1.98 lakh per kg on Friday, slipping below the Rs 2 lakh mark for the first time in 10 months amid a sharp correction in global bullion markets. The metal’s price has declined nearly 55% from its reported peak of Rs 4.27 lakh per kg earlier this year. Prices also remained under pressure on the Multi Commodity Exchange.
Despite the steep correction, analysts said long-term demand for silver could find support from industrial sectors such as solar energy, electric vehicles and electronics. Market experts expect volatility to persist, with currency movements, US interest-rate expectations and geopolitical developments likely to influence prices. You Can Also Check: Gold Rate in Ahmedabad | Silver Rate in Ahmedabad | Bank Holidays in Ahmedabad | Public Holidays in Ahmedabad | Ahmedabad AQI | Weather in Ahmedabad | Petrol Price in Ahmedabad | Diesel Price in Ahmedabad | CNG Price in Ahmedabad | LPG Price in Ahmedabad