Don’t miss the latest developments in business and finance.

Silver futures up on sustained buying

Image
Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 2:02 AM IST

Silver prices rose by Rs 410 to Rs 73,392 per kg in futures trade today due to sustained buying by speculators amid a firming global trend. 

At the Multi Commodity Exchange, silver for delivery in December rose by Rs 410, or 0.56% to Rs 73,392 per kg, with a trade volume of a single lot.

Similarly, the metal for delivery May moved up by Rs 238, or 0.33% to Rs 71,319 per kg, with a business turnover of three lots. 

Analysts said sustained buying by speculators on the back of a firming trend in New York mainly pushed up silver prices at futures trade. 

Meanwhile, silver rose by 1.49% to $48.48 an ounce in New York last night.

Also Read

First Published: Apr 29 2011 | 3:58 PM IST

Next Story