Silver prices in the domestic market are at lifetime highs amid multiple catalysts like safe-haven demand due to escalating geopolitical tensions, hopes of US interest rate cuts, speculative buying, and a sharp rally in industrial metals. Historically, silver and gold, both considered precious metals, are often influenced by similar market conditions. Due to this similarity, both can exhibit similar price movements, with silver prices often following the trends of gold prices.
Chief Economic Advisor Anantha Nageswaran stated that various initiatives from the government and growing investment will lead to the creation of more job opportunities in the coming decade. He highlighted the decline in capital formation and credit growth in the last decade but expressed hope for a turnaround. He mentioned the decline in employment in agriculture and the addition of jobs in manufacturing, services, and construction sectors. Nageswaran also discussed government initiatives for job creation and the need for improvement in regulatory and tax policies.
