neutral
Recently
Equity boom overshadows silver performance in Mumbai markets
Silver remains range bound in Mumbai as investors favour equities over precious metals.
Silver prices in Mumbai stood at ₹410 per gram today, reflecting subdued long term performance. After a strong rally following the 2008 global financial crisis, silver prices have largely stagnated in recent years. Investors increasingly shifted toward equities, which delivered strong returns during 2016 and 2017. Market participants say preference for stocks has kept silver demand relatively muted locally