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SILVER TO OUTSHINE GOLD BY 2025
The Business Guardian
|October 28, 2024
Silver prices could surpass gold with projected growth driven by safe-haven demand and industrial use, predicts Motilal Oswal Financial Services.
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The performance of silver could either match or outperform gold in the medium to long term, as silver prices are expected to reach Rs 1,25,000 per kilogram on the Multi Commodity Exchange (MCX) and USD 40 per ounce on the COMEX within the next 12 to 15 months, the Motilal Oswal Financial Services Ltd (MOFSL) said.
Silver has shown impressive growth in 2024, recording gains of over 40 per cent year-to-date and surpassing the Rs 100,000 mark domestically, driven by safe-haven demand and robust industrial usage.
The financial services firm further anticipated that the gold prices would reach Rs 81,000 per 10 grams in the medium term and Rs 86,000 in the long term.
This story is from the October 28, 2024 edition of The Business Guardian.
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