Silver Is The New Gold In 2021

So rightly it’s said that all that glitters is not gold. In fact, silver glitters more than gold as India moves on, leaving the COVID scare behind. While gold prices entered a correction zone after a blinding spike during the months of the pandemic, silver stole the show as the world entered 2021. The white metal sold for Rs 68,535 per kilogram in the spot market at the time of going to press – a surge of 62 per cent over the same period last year when it was trading at Rs 42,425 per kilogram, while the March contract (futures price) climbed 44 per cent from the year-ago period to Rs 68,690 a kilo. Silver’s performance in the international market in 2020 has been one of the best in recent years as it added more than 60 per cent to its value by mid-August. It surged to a seven-year high, scaling to $30 per ounce (an ounce is 31.10 grams). Gold rallied 28 per cent in...