New Delhi: Gold and silver are constantly making new records and sometimes gold and sometimes silver are testing the purchasing power of the customers. Yesterday gold and silver together reached an all-time high and silver has crossed Rs 1 lakh.

Silver broke all records.

The price of silver crossed Rs 1 lakh per kg with a jump of Rs 1500. Silver prices continued to rise for the fifth consecutive day and reached a new record level of Rs 1.01 lakh per kg with a jump of Rs 1500. On Friday, the rate of silver closed at Rs 99,500 per kg. Silver prices continued to rise for the fifth consecutive day and silver rose by Rs 1,500 to a new record level of Rs 1.01 lakh per kg. On Friday, the price of silver closed at Rs 99,500 per kg. Apart from this, 99.5% pure gold rose by Rs 350 to a new record level of Rs 80,600 per 10 grams. Gold rose by Rs 350 to a new record level of Rs 81,000 per 10 grams in the bullion market of the national capital on Tuesday. This information has been given by the All India Sarafa Association.

Why did silver prices increase?

The main reason for the ongoing rise in silver is the increasing industrial demand. Apart from this, growth has also been seen due to increased purchases in the jewelry and silverware segment. Bullion traders attributed the increase in gold prices to the increase in purchases made by local jewelers to meet the increased demand during the festive and wedding seasons. In the futures trading of Multi Commodity Exchange (MCX), the gold contract for December delivery has increased by Rs 208 to Rs 78,247 per 10 grams. The price of silver contract for December delivery jumped by Rs 882 or 0.91 percent to a high of Rs 98,330 per kg.