INSUBCONTINENT EXCLUSIVE:
metals which are showing an upward trend, which is also attracting rural buyers towards silver
Price of silver is currently hovering around?39,270 per kg
Also, gold prices are shooting up which is why rural folks are buying silver instead of gold
The Met department has forecast a normal monsoon this year which is expected to spur demand for silver further in the coming months
average of gold-to-silver ratio is around 66
However, currently it is hovering around 80
For an ounce of silver priced at $16.42, price of gold is $1,317.25 per troy ounce
If we take historical goldto-silver-ratio of 66, then silver rate should be $20 per troy ounce
purchase one ounce of gold
Investors who deal in bullion monitor the gold-to-silver ratio .
