Mysore/Mysuru: The cost of Silver has touched an all time high of Rs. 1.49 lakh per kilogram in city. The rise in the cost is attributed to high and growing demand for silver, its affordability compared to the precious yellow metal gold, industrial and investment demand etc.
Speaking to Star of Mysore this morning, Harsha Nandana Tholasi of city’s Tholasi Jewels said that Silver prices are increasing due to a combination of factors, including robust industrial demand from green energy (solar panels, EVs) and electronics, tight supply caused by a structural deficit, strong investor demand for its safe-haven properties amid geopolitical and economic uncertainty and the weakening of the US dollar, which makes silver a more attractive investment.
