Can silver overtake gold? Vedanta's Anil Agarwal tweets on surging demand

2 hours ago 1

Silver prices are skyrocketing successful India, with rates crossing Rs 1 lakh per kilogram. Demand has doubled compared to past year, driven by some accepted uses and an expanding request successful high-tech industries.

Silver is present extensively utilized successful star panels, electrical vehicles (EVs), precocious healthcare, and electronics. Its relation successful renewable energy, peculiarly successful star technology, has made it a captious mineral for the future.

Anil Agarwal, Chairman of Vedanta Group, tweeted astir this trend, stating, "This operation of being precious and functional is rare, and the demand-supply spread is increasing. It is the caller captious mineral of the future."

Agarwal besides highlighted Vedanta's sustainable metallic accumulation efforts astatine Hindustan Zinc, wherever the refinery is afloat powered by star energy. He mentioned that the institution has go 1 of the largest metallic producers successful the satellite and aims to merchantability its full accumulation wrong India.

Additionally, Agarwal pointed to Vedanta's not-for-profit concern parkland for zinc and metallic successful Rajasthan, which aims to pull downstream industries for worth summation and make lakhs of jobs.

As silver’s concern request grows and its prices rise, determination is expanding speculation astir whether metallic could yet surpass golden successful value.

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