News

Silver Price Today: MCX silver futures (December 5) soared to an all-time high of Rs 1,40,845 in the final hours of the evening session on Friday. The near-month white metal contract surged by as much as Rs 3,789, or 2.8 per cent, to the unprecedented intraday level. The December contract has gyrated in a range of Rs 4,341 -- between Rs 1,36,504 and Rs 1,40,845 -- so far.Most analysts attribute the upmove in silver rates to a combination of factors, including industrial demand, supply shortages, central bank buying, technical support and exchange-traded fund (ETF) buying.Here are 10 things to know about the latest silver and gold prices:

Add Zee Business as a Preferred SourceALSO READ: Simply Explained: 7 things gold-silver ratio tells investors and a few it doesn'tImage credit: PexelsGold and silver rates share an inverse relationship with the US dollar, meaning weakness in the greenback props up precious metal prices. The white metal also tends to find support in the growth prospects of areas like EVs, electronics and medical devices. 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

Sandeep Singh is a journalist and digital editor with hands-on experience across business, markets, and policy reporting in some of India’s top newsrooms. Known for his calm presence under ...LATEST NEWSBy accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.