Today's Silver Rate per Kg
Silver price of Lakshadweep - The union territory of Lakshadweep is an assortment of 36 islands, famous for its sun-kissed clean, exquisite beaches, and luxuriant green landscape. It is the smallest union territory of India, compromising of 12 coral isles, three reefs, five underwater banks, and ten populated islands. The total area of these islands is 32square kilometers. This picturesque, mystic island of Lakshadweep with sandy beaches, a variety of flora and fauna, and simple laid back lifestyle. If you want to visit this heaven on earth, you will need a special permit from the local administration. The Lakshadweep silver rate today is the same as the national and international price of silver.
The current market price of silver
Silver price Lakshadweep is INR 669 per10 gram. Rate of 1 kg silver in Lakshadweep costs INR 66,900. The outbreak of the pandemic of COVID-19, have derailed the financial market and reshaped the economic landscape. The growing industrial demand and physical investment is surging the silver price to new heights. The current macroeconomic and geopolitical situation is causing the firming of silver bullion and encouraging investors to purchase more. Experts believe that with physical silver investment, the industrial demand will also rise in 2020.
Industries Growing demand
consumed more than half of total silver production in 2019 and expected to so in the current year also. It is estimated there will be a 3% rise in industrial demand of silver, which aligns with the forecast of 3.3% for global GDP growth by the International Monetary Fund (IMF). Most of the demand is expected from the electronic and electrical sectors. The demand from the automobile sector is also expected to be robust.
Despite weak global car sales, the demand for silver would increase in this sector due to the massive electrification and sophistication of cars. The upcoming 5G infrastructure and expending mobile industry is likely to propel the growth of the silver price. Start investing in silver to reap the benefits of the current and upcoming boom in silver bullion by knowing the silver rate of Lakshadweep today or aaj ka Chandi ka bhav Lakshadweep or Lakshadweep Chandi ka bhav.
Demand from global jewelry of silver is expected to be modest. India is a major consumer of silver jewelry, with the ongoing popularity of 925 sterling silver. The overall outlook of silver is positive and upbeat. Start investing in silver by knowing aaj ka chandi ka bhav Lakshadweep or by searching aaj ka chandi ka bhav Lakshadweep ka. Check Gold Price in Lakshadweep