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Gold-Silver Price Hike Tariff Cut Impact: The silence in the market for the last few days has now turned into noise. If you too were disappointed after seeing the fall in the prices of gold and silver, then now is the time for you to celebrate. Such tremendous recovery has been seen in the commodity market today, which has brought a smile on the faces of investors. Silver, which was being sold at throwaway prices for the last few weeks, has today taken such a leap that even the most knowledgeable people have been surprised. This rise is not just a coincidence, but there is a big news behind it from across the seven seas.

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Silver made a record jump, gold also saw a huge jump

Today, silver prices went on fire on the Indian commodity market i.e. MCX. The price of silver rose by more than 6 percent and directly reached the level of Rs 250,436 per kg. Let us tell you that till some time back silver had fallen by about 46 percent from its upper level, but today’s recovery has healed all the old wounds. Not only silver, but gold has also spread its shine. MCX Gold price today rose by 3 percent to Rs 148,310 per kg. This rise in the market has created a stir all around.

Will the shine increase further?

Now the question arises whether this boom will continue further? Experts believe that due to global instability and purchases being made by central banks around the world, gold and silver prices may remain strong. According to market experts, the decline that occurred recently was due to over-buying, which is now gradually recovering. Within a month, an increase of 60 percent in the price of silver and 20 percent in gold has been seen, which is pointing towards a bright future to come.

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