Business Standard

Silver rebounds on global cues

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Press Trust of India New Delhi

Silver staged a comeback to trade 1.63% higher at Rs 68,368 per kg in futures trade today, after it fell from record level in yesterday's trade, on enlarging of positions by speculators amid a firming trend in Asian trade.  

At the Multi Commodity Exchange, silver for delivery in July recovered by Rs 1,097, or 1.63 per cent to Rs 68,368 per kg, with a trade volume of 2,396 lots.

Similarly, the metal for delivery in May gathered Rs 1,080, or 1.62% to Rs 67,821 per kg, with a business turnover of 7,321 lots. 

Market analysts said reports of partial recovery in silver prices in Asian trade helped the white metal to trade in positive zone here. 

 

Meanwhile, silver rose by 0.33% to $45.75 an ounce in Asian region today.

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First Published: Apr 27 2011 | 12:28 PM IST

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