Indians are fence sitters in massive global silver rally
Synopsis
Demand determines the value of any commodity. But that doesn’t appear to be the case with silver, which has gained practically 54% to about Rs 73,300 per kilogram over a one-year interval.
Hasmukhbhai Shah, proprietor of Silver House in Mumbai’s Colaba Causeway, doesn’t comprehend the widespread speculative buying and selling that’s happening on the white metallic in global markets. While Shah sees the opportunity of industrial silver costs holding up in the occasion of a sooner financial restoration, he nonetheless can not pinpoint a purpose for the frenzied shopping for by hedge funds and different global traders.Shah’s Silver House, which sells jewelry and
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