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It is also the eighth-most populous city in the world.
It has a population of roughly 2 crore people (20 million).
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It is also influenced by local and industrial demand, the value of the US dollar, and local taxes.
In addition to having a massive demand for industrial usage, silver in this metropolitan area is also used for ornaments, jewellery, and investment purposes.
During birthday parties, people use it for gifting purposes as well.In India, this city is among the largest consumers of silver.
Here, this "not so precious metal" is considered to be a good option to hedge against inflation or bad times.
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