Silver Prices Plummet Over 30%, Gold Stable in Amaravati: What to Expect Next?

• Silver prices have seen a significant drop of over 30%, falling from an all-time high of Rs. 4.25 lakh to Rs. 2,89,900 per kg.
• The decline is attributed to a fall in international silver prices, with an ounce dropping from $120 to $75.
• Gold prices in Amaravati remained stable today: 24-carat at Rs. 1,58,790, 22-carat at Rs. 1,45,560, and 18-carat at Rs. 1,19,100 per 10 grams.
• Experts advise caution for investors, suggesting waiting for market stabilization before making investment decisions in silver.
• Gold and silver prices are influenced by global demand, dollar value, central bank reserves, interest rates, and local market demand.