Raj Lakshmi 
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In the country, the price of gold has been soaring, and the cost of silver has also been steadily increasing. Over the last five business days, investing in silver has proven to be more profitable than gold, with its price increasing by about Rs 3000 per kg. As a result, investing in silver is currently offering higher returns compared to gold.
Silver has become significantly more expensive in just 5 days
While gold is gaining value amidst the ongoing tension between Iran and Israel, the price of silver has also been steadily increasing. Although there was a slight decline on Monday, over the last five business days, silver's price has surpassed gold in terms of the rate of increase. In the domestic market, the price of one kilogram of silver on September 30th was Rs 89,400, but within five days, it rose to Rs 92,200 per kilogram, marking an increase of Rs 2800 per kilogram.
In comparison, the price of gold in the domestic market has experienced minor changes over the last five days and is currently around Rs 75,000 per 10 grams.
This is the latest rate of silver on MCX
The most recent rate of silver on MCX shows that on Monday, it was trading at Rs 92,763 per kilogram, reflecting a decrease of Rs 586 per kilogram. Additionally, the future price of silver expiring on 5 December was recorded at Rs 90,719 per kilogram on 30 September, indicating an increase of about Rs 2000. In comparison, the gold rate on MCX was Rs 75611 per 10 grams on 30 September and has since increased by Rs 629.
Silver has made so much profit in one month
In the last month, the price of silver on MCX was 82,757 per kg on 6th September. As of today, the price of silver has reached 92,763 rupees per kg. This means that investors have made a profit of 10,006 rupees per kg. In comparison, the price of gold has increased from 71,944 to 76,240 rupees per 10 grams in the same period, resulting in a profit of 4,296 rupees per 10 grams for investors.
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