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British Prime Minister Rishi Sunak and his wife, Akshata Murty, have ascended the ranks of the UK's wealthiest individuals in the latest edition of the 'Sunday Times Rich List,' thanks to Murty's lucrative shareholding in Infosys.The couple, aged 44, have surged from 275th to 245th place in this year's list, boasting an estimated wealth of GBP 651 million. Their rise marks them as the "wealthiest occupants of 10 Downing Street" to date.Murty's earnings notably outstrip those of her husband, with financial reports indicating Sunak earned GBP 2.2 million in 2022-23, compared to Murty's estimated GBP 13 million in dividends over the past year.The Murty family's most prized asset is Akshata's shareholding in Infosys, an IT giant co-founded by her father, Narayan Murthy. The value of these shares has surged by GBP 108.8 million over the past year, reaching nearly GBP 590 million. Murty received approximately GBP 13 million in dividends during this period and is poised to collect an additional GBP 10.5 million this year.Meanwhile, the 'Sunday Times Rich List' is spearheaded by the Indian-origin Hinduja family, whose wealth surged to GBP 37.196 billion, largely attributed to the opening of their luxury OWO Hotel in London.The list also features other prominent Indian-origin figures, including Lakshmi N. Mittal of ArcelorMittal steelworks and Anil Agarwal of Vedanta Resources.Despite these individual successes, the overall trend in the 36th edition of the Rich List indicates a decline in billionaire numbers compared to previous years. However, amidst this trend, former Beatle Sir Paul McCartney stands out as the first UK musician to attain billionaire status, reflecting a significant boost in his wealth over the past year.The shifting dynamics within the Rich List underscore the evolving landscape of wealth in the UK, with individuals from diverse backgrounds contributing to its tapestry of affluence.

With fast-growing industries of solar panels and electric vehicles driving the demand for silver, the price of the industrial metal is seen surging to Rs 1 lakh a kg in the next one year and up to Rs 92,000 per kg within the next 3 months.“Silver being an industrial metal, may benefit from upside in base metals and bullish sentiments in emerging market equities. So, we expect silver to trade with a positive bias benefiting from enhanced industrial applications. Hence, an extended slowdown in the Chinese economy is one of the major risks to our outlook. Silver prices may trade in a range of Rs 75,000 – 92,000 in the next 3 months,” said Kaynat Chainwala, Senior Manager of Commodities Research at Kotak Securities.In the longer term, brokerages like Motilal Oswal see the metal rallying to fresh peaks of Rs 1 lakh. Over the last 15 days alone, silver prices on the MCX have seen a stellar rally of more than Rs 7,000 per kg.“Prices now can be seen trading in a rising channel with constant higher top and higher bottom formation and presently hovering around Rs 87,200/kg levels. We expect an upside of Rs 90,000-91,000/kg in the coming weeks where any dip around Rs 85,500/kg would provide an opportunity to add more quantity in the long positions,” said Ashwani Harit, Commodities Analyst, Religare Broking.Also read: Silver prices hit all-time high of Rs 87,476, jump Rs 6,600 in May so farProspects of a soft landing in the US and broader applications in the clean energy sector could mean more upside for silver prices in the coming months compared to gold. According to a recent report by the International Energy Agency (IEA), global investment in solar PV manufacturing, a major demand driver for silver, more than doubled last year to around $80 billion, constituting approximately 40% of global investment in clean technology manufacturing.Comex and MCX Silver posted gains of 2.7% and 4.4%, respectively in this week so far. Comex silver prices breached the crucial $30/oz mark, for the first time since 2013 and MCX prices hit an all-time high, driven by optimism regarding stimulus for property markets and mounting expectations of a rate cut in September. “Traders should be prepared for a potential surge in silver prices, especially upon breaching the crucial threshold of $30 in the international market. Our analysis strongly suggests that if silver manages to sustain its position above the $30 benchmark, it could see a fresh bull run of 7-10%,” stated Rahul Kalantri, VP - Commodities at Mehta Equities.Conversely, failure to secure a close above $30 might see downward pressure, potentially leading to corrective movements towards the $28.50 and $27.90 levels. On MCX, the critical level lies at the 88,550 level, which stands as a pivotal make-or-break point for silver, Mehta added.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)