In India, gold has lengthy been thought of the last word image of wealth, prosperity, and cultural heritage. It has been a staple funding avenue, from weddings to festivals, and stays a favoured alternative for wealth preservation throughout generations. Nonetheless, for a couple of days, silver has been making its presence felt in a manner that raises an important query: Will silver be the brand new gold?
The query of whether or not silver may surpass gold as the popular funding asset or retailer of worth is gaining traction as each metals exhibit distinctive traits and are seeing numerous purposes in right this moment’s financial system.
Historically, gold has been considered a safe-haven funding, a retailer of worth, and a hedge towards inflation. Silver, however, has lengthy been undervalued relative to gold, but its growing demand in numerous sectors corresponding to electronics, renewable power, and industrial use has sparked a renewed curiosity within the treasured metallic.
Present Costs of Silver and Gold
As of February fifth, 2025, gold is priced at round Rs. 84,690 per 10 grams, and silver stands at Rs. 963 per 10 grams. 12 months-to-date, gold has yielded a return of 9.43 %, whereas silver has offered a return of 10.3 %, based on MCX. The query is: Will silver proceed to outperform gold this 12 months?
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The Rising Demand for Silver in Electronics
One of many driving components behind the elevated curiosity in silver is its rising use in industries past conventional jewelry. Silver is broadly used within the electronics trade as a result of its glorious electrical conductivity, sturdiness, and malleability.
With the rise of recent applied sciences corresponding to electrical autos (EVs), smartphones, renewable power options, and wearable units, the demand for silver has surged. Electronics and photovoltaic purposes have grow to be vital customers of silver, with an growing variety of photo voltaic panels, circuit boards, and battery parts requiring the metallic.
In India, the push towards Make in India and the elevated adoption of renewable power sources have made silver a necessary commodity. India is anticipated to see a rising demand for silver, particularly with solar energy crops turning into a essential a part of the power combine.
In a Nutshell
The concept of silver turning into the “new gold” in India is intriguing, however it’s extra probably that silver will complement, relatively than substitute, gold within the funding and jewelry markets. Whereas silver’s industrial demand is on the rise and its worth is turning into extra enticing to traders, gold’s cultural worth, shortage, and stability proceed to solidify its place because the go-to asset for wealth preservation.
Within the coming years, silver could actually see higher prominence, particularly within the context of evolving technological traits, and will grow to be an more and more essential a part of Indian funding portfolios. However gold will stay the quintessential treasured metallic in India’s coronary heart and markets, sustaining its longstanding status as the last word retailer of wealth.
Written by Shivani Singh
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