Investors got big profit from silver in March, gold gave only 7% return

Even though the month of March has become memorable for Gold. The price of gold may have reached a lifetime high of Rs 60,455, but only silver has earned it. Yes, don’t be surprised. This thing is true. In the month of March, investors have been given a maximum return of 12 per cent in 30 days. During this period, gold has earned investors about 7 per cent. Due to EV demand and improving conditions in China, the demand for silver has increased. Because of which there has been a rise in the price of silver. Let us try to understand from the figures that how silver has earned more than gold in March?

Silver shines in March

1. Till March 30, an increase of Rs 7,477 has been seen in the price of silver.
2. On February 20, the closing price of silver on MCX was Rs 64,623 per kg.
3. On March 30, the high price of silver on MCX was Rs 72,100 per kg.
4. This means that in the month of March, silver has given a return of 11.57 per cent to the investors.
5. If we talk about today, then silver opened at Rs 72,000 per kg.
6. Silver is at Rs 72078 with a gain of Rs 304 at 10:10 am.

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How much has the price of gold increased

1. In the month of March, the price of gold reached life time with Rs 60,455.
2. Even after that, it is far behind silver in terms of returns, gold has given 6.90 per cent return.
3. On February 28, the closing price of gold was Rs 56,093 per ten grams.
4. On March 30, gold prices reached the day’s high of Rs 59,968 per ten grams.
5. In this way, an increase of Rs 3,875 per ten grams has been seen in the price of gold.
6. If we talk about today, then the price of gold opened at Rs 59,910.
7. At present, gold on MCX is at Rs 59920 with an increase of Rs 25.

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What do the experts say?

IIFL Vice President Anuj Gupta told that during this period the increase in the price of silver has been seen because there is demand for EV. Improvement has also been seen in the conditions of China, which has an effect. Also silver inventories are also less. According to the demand, the supply is not being seen. Because of which there has been an increase in the price of silver. He said that in short, he is seeing the price of silver around 74 thousand, so it can reach Akshaya Tritiya.