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Silver futures gain by 0.2% on higher global cues

Participants increased their belts, tracking a firm global trend

Silver futures gain by 0.2% on higher global cues

Press Trust of India New Delhi
Continuing its rising streak for the third straight day, silver prices rose further by 0.23% to Rs 34,611 per kg in futures trading today as participants increased their belts, tracking a firm global trend.

At the Multi Commodity Exchange, silver for delivery in far-month March next year rose by Rs 78, or 0.23%, to Rs 34,611 per kg in a business turnover of 89 lots.

Similarly, the metal for delivery in December traded higher by Rs 74, or 0.22%, to Rs 33,904 per kg in 1,783 lots.

Analysts said increased buying by traders in line with a firming global trend mainly kept silver prices higher at futures trade.
 
Globally, silver rose 0.11% to $14.30 an ounce in Singapore.

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First Published: Nov 20 2015 | 11:57 AM IST

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