Gold vs Silver, which is better for investment: Both gold and silver are precious metals, in which people have been investing for centuries. While gold is traditionally considered a safe investment, silver has attracted the attention of investors in recent years. In particular, industrial demand and technical breakouts have made silver a strong investment option. Let us understand who is better between gold and silver in terms of investment, and what the experts have to say.
Benefits of investing in silver
Silver is not only used in jewellery, but it also plays a major role in industrial use. The demand for silver is increasing rapidly in areas like electric vehicle (EV) production and solar energy. Due to this, a tremendous rise is being seen in the prices of silver.
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15-30% rally may be seen in silver: Expert
Jatin Trivedi, Vice President and Research Analyst (Commodity and Currency), LKP Securities, says that “Silver is providing a unique investment opportunity, because apart from being a precious metal, it is also getting the benefit of industrial demand. Electric Vehicles Silver prices are expected to rise further due to the increase in EV production and solar energy, especially after the technical breakout above Rs 1 lakh and Comex silver crossing the level of $ 33. There is more potential for growth in silver than in gold, it may see a rally of 15-30% in the coming year.
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Gold status and investment potential
Gold has always been considered a safe investment option, especially when economic conditions are uncertain. Recently, an increase in gold prices has also been seen. Due to the weakening of the dollar and economic instability at the global level, the demand for gold remains stable. According to Jatin Trivedi, “Due to the weak dollar and stable demand for gold, the price of 10 grams of gold is hovering between Rs 77,600 and Rs 78,350. However, due to the US jobless claims data and the strength of the US economy, gold prices are on the rise. “There may be pressure for some time, due to which the support levels between Rs 77,000 and Rs 77,500 will become important.”
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Which is better to invest in gold or silver?
-Stability of gold:Gold is traditionally considered a safe investment, and it provides stability to investors. Gold prices rise in times of economic uncertainty. For example, currently gold is trading around Rs 78,305 per 10 grams.
-Growth Potential of Silver: There has been a big jump in the prices of silver in recent times. Silver’s industrial demand and technical breakout make it an attractive investment option. The price of silver has touched Rs 1 lakh and experts are considering the possibility of further rise in it.
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How far will the price of silver go in the next one year?
Experts believe that silver prices may increase by 15-30% in the coming year. According to this, the price of silver can go up to Rs 1.15 lakh to Rs 1.30 lakh per kg. This growth is likely to come mainly from industrial demand, especially from the EV and solar energy sectors. Apart from this, improvement in China’s economy and increasing demand for base metals can also take silver prices higher.
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Tips for investors
-Investment in gold:If you want stable returns with low risk, gold can be a good option. During economic instability, gold works to bring stability to your portfolio.
-Investment in silver:If you are looking for a fast-growing investment with more risk, silver may be a better fit for you. Due to industrial demand and growth potential, there is a possibility of a big increase in silver in the coming time.
Both gold and silver are beneficial metals for investment, but it is important to choose the right option based on your investment goals and risk tolerance. Due to rapidly rising prices of silver and industrial demand, it offers more growth potential than gold. On the other hand, gold is a better option for stability and safe investment.