Mumbai: In Mumbai’s famous Zaveri Bazaar, silver has crossed the Rs 2 lakh per kilogram mark, sparking panic and surprise among buyers and traders alike. Just a week ago, silver was priced at Rs 1.62 lakh per kg, but consistent demand and falling supply have pushed the prices up sharply. According to the India Bullion Jewellers Association, the price surge is expected to continue due to the widening gap between supply and demand. Read Also Gold & Silver Prices Rise On MCX, Weaker US Dollar & Fed Rate Cut Hopes Boost Demand

Jewellers Stop Taking New Orders

Many jewellers in the market have now stopped accepting new silver orders, especially for the festive season, including Diwali and Dhanteras. Traders speaking to NDTV Profit revealed that silver is currently trading at a premium of

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