Strong industrial demand, especially from the renewable energy sector Silver prices have experienced notable fluctuations recently, with the current rate in India standing at ₹94,000 per kilogram as of December 4, 2024. This marks a significant increase from ₹92,500 per kilogram recorded on November 28, 2024. Such movements in silver prices are influenced by a complex interplay of factors, including industrial demand, geopolitical events, and macroeconomic indicators. Industrial Demand and Supply Dynamics Silver’s unique properties make it indispensable in various industrial applications, particularly in the renewable energy sector. The metal is a critical component in solar panel manufacturing, and demand…
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