Silver Prices Plunge 40% as Indian Buyers Step Back

Following a massive year-on-year rally, silver prices have crashed by 40%, causing buyer hesitation in India and potentially leading to a surplus of up to 2,000 tonnes in domestic markets.

4 Sept, 07:20 — 4 Sept, 07:20

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Times of IndiaMostly Factual6h ago

Silver crashes 40%, but buyers vanish; 2,000 tonnes could now pile up in India

Silver prices have fallen steadily over the past seven months, following an extraordinary rally that pushed the metal more than 300% higher year-on-year. In January, silver crossed Rs 4 lakh per kg on the Multi Commodity Exchange for the first time.

By TOI BUSINESS DESK

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Silver Prices Plunge 40% as Indian Buyers Step Back

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Silver crashes 40%, but buyers vanish; 2,000 tonnes could now pile up in India

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