one of the consequences of artificially suppressing the silver price is that it has sent demand for physical silver through the roof. with gold near all-time highs and silver selling at a bargain price, investors in india are now switching from gold to silver.

By Ruchira Singh

MUMBAI, Oct 20 (Reuters) - Indian traders may not be buying much gold with prices close to all-time highs, but are scrambling to stock up on silver that fell to its lowest in a little more than a year, dealers said.

"There is already a shift from gold to silver... people are very comfortable with silver prices," said Ajay Singh of Kiran Jewellers, a wholesaler in Jaipur.

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