Silver Price Chart Last 6 Months In India
Introduction
Silver has been an important investment option for Indians for centuries. It is not only used for jewelry, but also for investment purposes. The price of silver has been fluctuating in India in the last six months. In this article, we will discuss the silver price chart last 6 months in India.
Price of Silver in India
The price of silver in India has been fluctuating in the last six months. In January 2021, the price of silver was around Rs. 68,000 per kilogram. In February 2021, it went up to Rs. 73,000 per kilogram. In March 2021, it reached its peak at Rs. 75,000 per kilogram. In April 2021, it started to decline and reached Rs. 67,000 per kilogram. In May 2021, it further declined to Rs. 65,000 per kilogram. In June 2021, it remained stable at Rs. 65,000 per kilogram.
Factors Affecting the Price of Silver in India
There are several factors that affect the price of silver in India. The demand and supply of silver is the major factor affecting the price. If the demand for silver is high and the supply is low, the price will increase. On the other hand, if the supply is high and the demand is low, the price will decrease.
The global market also affects the price of silver in India. If the price of silver in the global market is high, the price of silver in India will also increase. Similarly, if the price of silver in the global market is low, the price of silver in India will decrease.
The value of the Indian rupee also affects the price of silver in India. If the value of the rupee is low, the price of silver in India will increase. On the other hand, if the value of the rupee is high, the price of silver in India will decrease.
Importance of Silver in India
Silver has been an important metal in India since ancient times. It is not only used for jewelry, but also for investment purposes. Indians consider silver as a symbol of wealth and prosperity. It is also used in various industries such as electronics, medical equipment, and solar panels.
The demand for silver in India is increasing day by day. Indians invest in silver in the form of coins, bars, and jewelry. The price of silver in India is expected to increase in the future due to the increasing demand and limited supply.
Conclusion
The silver price chart last 6 months in India shows that the price of silver has been fluctuating. The demand and supply of silver, global market, and value of the Indian rupee are the major factors affecting the price. Silver is an important metal in India and is used for jewelry and investment purposes. The demand for silver is expected to increase in the future, which will lead to an increase in its price.
