On the one hand, where gold prices have broken on their all time high in April, the silver is walking on a different path and continuously reaching the new high. On Monday, Silver Rate touched a new peak by demolishing all its old records. Yes, silver on Multi Commodity Exchange i.e. MCX reached a level of Rs 1,07,171 per kg. In such a situation, the prediction of Robert Kiyosaki, the writer of the famous book Rich Dad, Rich Dad Poor Dad, seems to be true, in which he called silver a way to become rich.
Silver broke records on MCX
The silver rate is going on the price of silver and it is breaking all its old records. On Monday, the business of expiry of July 4 started business at a level of Rs 105136 per kg and it increased to Rs 1,07,171 per kg. In just one day, there was a jump of Rs 2035 per kg in the price of silver. However, on Tuesday, it was seen to be a slightly broken in early trade. If you look at the changes in silver prices in the last month, it was priced at Rs 96,729 per kg on May 9 and it reached 1 lakh in early June. Now it is making new records everyday.
Sleep in the domestic market too
Not only MCX, but also in the domestic market, there has been a continuous increase in silver shine. According to the website of the Indian Bullion Jewelers Association IBJA.com, it reached Rs 1,05,285 per kg in the evening after opening it at Rs 1,04,610 on Monday. In the last few days, there has been a lot of change in the Silver Rate. On June 3, it was stable at Rs 1,00,460 per kg, Rs 1,00,980 per kg on June 4, Rs 1,04,675 per kg on 5 June and Rs 1,04,675 kg on 6 June on the last trading day of last week.
‘Buy silver if you want to be rich …’
Rich Dad Poor Dad writer Robert T. Kiyosaki keeps advising his Twitter account (now x) to invest and in every advice, investment in gold, silver and bitcoin is at the top. In a post done about two years ago, he advised to invest in it, describing Silver as a means of becoming rich. So recently he posted one side in which he had hoped to double the price of silver who reached the sky by the end of this year.
Words of a loser:
“I would have… I could have… I should have.”
For years I have been recommending Buying Gold, Silver, Bitcoin.
Silver Hit $ 35 An Once. I believe silver is the best bargain today. I believe silver will 2x… Possibly $ 70 this year.
Please do not be a loser…
– Robert kiyosaki (@therekiyosaki) June 6, 2025
Silver will bounce up to $ 70
Talking about the latest silver price, it is trading at $ 36.48 an ounce in the international market and look at the post of Robert Kyosaki on June 6, then in this social media post, he predicted the silver to cross $ 70 an ounce this year. He had said that he will buy real silver from his local deal and trade ‘fake money’ for real silver. He did not mention any ETF.
Kiyosaki said in his post, “Everyone in the world has a chance to become rich, while millions of people are becoming poor.” He expressed concern that millions of people, especially baby boomers, stock, bonds and real estate markets could face heavy financial losses due to the decline in markets.