“Silver prices have sky rocketed as much as 240 percent in the past four years. It is at an all-time high of Rs.49,955 per kg. It can breach the Rs.50,000-mark any day,” said Pawan Verma who runs one of the largest jewellery stores here.
The precious white metal cost around Rs.8,000 a kg in 2008 and shot up to Rs.27,500 a kg a year ago. Now at the current prices it has virtually doubled in the past 52 weeks, according to data available with the various bullion exchanges.
Published 27 February 2011, 15:35 IST