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Jewellers see 10-20% silver rally; stock coins, utensils for festivals

image A 25 per cent increase in silver price over the past two months has prompted jewellers in tier-2 and tier-3 cities as well as rural India to stock silver utensils and silver coins in anticipation of a robust demand during the upcoming festive and marriage season.

The sudden interest in silver, which had seen lacklustre sales for a while, has been sparked by the expectation that the commodity may witness a 10-20 per cent rally in prices in the run-up to the peak festive season, which is ...........ET

29-Aug-2019