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Silver futures surge 0.38% on global cues

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Press Trust of India New Delhi
Last Updated : Jan 10 2019 | 2:30 PM IST

Silver futures rose by 0.38 per cent to Rs 39,670 per kg Thursday after speculators raised bets, driven by a firm trend overseas.

At the Multi Commodity Exchange, silver for delivery in March was trading higher by Rs 149, or 0.38 per cent, to Rs 39,670 per kg in a business turnover of 1,234 lots.

In a similar manner, the white metal to be delivered in far-month May rose by Rs 172, or 0.43 per cent, to Rs 40,213 per kg in 2,142 lots.

Analysts said widening of positions by traders in sync with a firm trend overseas mainly influenced the silver prices at futures trade here.

In the international market, silver traded higher at USD 15.75 an ounce in Singapore.

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First Published: Jan 10 2019 | 2:30 PM IST

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