![]() ![]() It is an autonomous body for commodity exchange in India. Multi Commodity Exchange of India is the full form of MCX. The buying, selling, production, and demand are the factors that affect the Silver pricing in India on a daily basis. The Silver prices are fixed based on various factors. The increasing industrial growth would result in a higher amount of application for the metal. India's Silver demand is mostly for jewelry and Silverware. The demand for the metal has increased at a rate greater than its production which means that the commodity only appreciates. The versatile metal is mostly utilized in industrial applications. ![]() The ever-increasing gold price has shifted the investor's attention to Silver which is also a haven. The demand for Silver is rising every day in India and China. The metal is malleable, ductile, lustrous, and also a good conductor of electricity. Silver in India is mainly imported rather than produced. Silver is an industrious as well as a precious metal. This is a viable option regarding an investment that is safe. The commodity markets are stable than the equity and mutual funds. The Indian market offers to invest in commodities like Silver and gold beyond the ordinary shares, real estate, and bonds. ![]()
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