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European Investment Bank (EIB) ✌️【Capital】✌️Boost your savings with a ₹500 investment. High returns are just a click away!Mumbai is the capital city of the Indian state of Maharashtra and the de facto financial centre of the country.

European Investment Bank (EIB) ✌️【Capital】✌️Boost your savings with a ₹500 investment. High returns are just a click away!As per the United Nations (UN), as of 2018, Mumbai is the second-most populous city in India after Delhi.

It is also the eighth-most populous city in the world.

It has a population of roughly 2 crore people (20 million).

European Investment Bank (EIB) ✌️【Capital】✌️Boost your savings with a ₹500 investment. High returns are just a click away!Being the financial centre, the demand for gold and silver here is too high.Here, like in any other city in India, the price of silver is determined by several geo-political, economic, and other factors.

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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