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Prices of silver are seen rising to as much as ₹85,000-90,000 per kilogram over the next 9-12 months, which implies as much as 20% upside from the current levels

Is Silver going to be new gold? Here's all you need to know

Prices of silver are seen rising to as much as ₹85,000-90,000 per kilogram over the next 9-12 months, which implies as much as 20% upside from the current levels

Investment in gold are usually done to diversify one's portfolio, as a hedge against inflation and especially during times of economic uncertainty. However, investors could now also consider adding silver to their portfolios. With gold prices on the rise, the demand for silver could see a spike, which could lead to around a 20% increase in prices.&nbsp; As per a report by Economic Times, a popular ratio that determines the relative values of gold and silver is pointing to an outperformance in silver soon, driven by a likely shift in preference to the cheaper precious metal following the recent rally in gold prices and a pick-up in industrial demand. Gold, which is currently hovering around Rs 62,000 per 10 grams, is roughly 18% higher than the last year. Both gold and silver have risen about 11% so far in 2023, but the rally in silver prices could sustain for longer from here on, given the robust demand for metal which finds wide industrial usage as well.
"For silver, world over, stocks are at one of the lowest levels in last 4-5 years, so there is a huge demand across the globe. Prices for silver will continue to be high," Arun Misra, the CEO of Hindustan Zinc told Economic Times. Hindustan Zinc is India's largest and the world's fifth largest producer of silver. India is the world's largest consumer of silver, and imports as much as 90% of its requirement (about 9,500 tonnes in 2022). Industry officials said with supplies dwindling, prices may remain firm.

Sushil Kumar, the 2012 Bejing Olympic silver medalist in wrestling, was granted interim bail by a Delhi court for the treatment of his wife. The former wrestler was charged with a murder case in 2021.

Former Indian Wrestler Sushil Kumar granted interim bail in ongoing murder case

2-time Olympic medallist Sushil Kumar who was arrested last year was granted interim bail for 9 days by a district court in Rohini, Delhi for the treatment of his ailing wife.

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Sushil Kumar, the 2012 Bejing Olympic silver medalist in wrestling, was granted interim bail by a district court in Delhi court for the treatment of his wife. The former wrestler was charged with a murder case in 2021.

2-time Olympic medallist Sushil Kumar who was arrested in the Chattrasal Stadium murder case last year was granted interim bail for 9 days by a district court in Rohini, Delhi for the treatment of his ailing wife. His wife, Savi Kumar is suffering from acute lower back pain and now needs an urgent operation.
While granting bail to Kumar till November 12, 2022, the court said that two security personnel would keep a strict vigil on him which would cost the state Rs. 10,000 per day. The cost would be borne by the accused, the court directed further.&nbsp;&nbsp; The 39-year-old who was arrested last year, is one of the accused in the murder of the former junior national wrestling champion Sagar Dhankad. Dhankad died during a brawl in the Chhatrasal Stadium on 4 May 2021. Also read : <a href="https://www.editorji.com/sports-news/t20-world-cup/from-australian-weather-to-mankading-here-s-what-r-ashwin-said-ahead-of-india-s-game-vs-zimbabwe-1667641609385">From Australian weather to 'Mankading': Here's what R Ashwin said ahead of India's game vs Zimbabwe</a>

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