Gold is making new height records daily. Its price in the international market is moving towards $ 3200 an ounce. The price in India has crossed Rs 90,000 per 10 grams. Now the next target is Rs 1,00,000 per 10 grams. Therefore, gold is more in discussion. However, commodity analysts say that the effect of earning profits is in silver. Experts say that the year 2025 can be of silver. However, very few people know that even in 2024, silver gave much higher returns compared to gold.
Silver crossed the level of one lakh rupees
Silver Recently crossed the level of Rs 1,00,000 per kg. After that it has seen a little softness. Silver Futures Commodity Exchange on 4 April Mcx But there was a decline of Rs 1,821 i.e. 1.93 per cent to Rs 92,578 per kg. However, this is a sluggishness before the big bounce. Satish Dondapati, fund manager of Kotak Mahindra AMC, said, “Silver is always buried in the shade of gold. But, the situation seems to be changing now.”
Silver gave more than gold in 2024
He said that there is a big basic difference between gold and silver. The difference is that there is no special industrial use of gold, while silver has a lot of industrial use. He said that there are many industries in which silver is used. Electronics, solar panels and electric vehicles are prominent among them. Silver demand is increasing as production increases in these sectors. The increasing demand for silver can be gauged from the fact that in 2024 silver prices rose 34 percent. In comparison, gold rose only 26 percent.
Silver supply much less than demand
In the year 2020 too, silver gave much more returns against gold. That year silver gave 63 per cent returns to investors. Actually, silver supply has been less than in demand for the last few years. This continues to boom in its prices. In 2024, silver supply was about 5,670 tonnes less than demand. Commodity experts say that the difference between silver demand and supply is going to increase in the coming years. In 2025, silver industrial demand can reach 19,845 tonnes.
What should you do?
Kunal Shah, analyst of brokerage firm Nirmal Bang, says that the price of gold has overtaken its fundamentals. In such a situation, correction can be seen in gold. He hoped to fall gold prices by $ 100-250 an ounce. This means that gold can fall to $ 2,800 an ounce. Shah has advised investors to book profit in gold. On the other hand, silver prices are showing up to 10-15 percent.