News / Silver demand in India set for 4-year high on farm cash payout

Livemint : Mar 20, 2019, 01:24 PM
Silver prices in India have been relatively stable for the last two years. Silver will see resurgence in demand this year from rural Indians spending cash handouts from government designed to aid local economies ahead of general election, according to Metals Focus Ltd. India last month started distributing the first installment of 2,000 rupees ($29) to smallholders, under program to spend 750 billion rupees in april.