Business Standard

Silver futures rise 0.59% on firm global cues

Image

Press Trust of India New Delhi

Silver futures rose 0.59 per cent to Rs 37,679 per kg Friday after speculators raised bets, driven by a firm trend overseas.

Silver contracts for delivery in May traded higher by Rs 222, or 0.59 per cent, at Rs 37,679 per kg in a business turnover of 12,712 lots at the Multi Commodity Exchange.

Similarly, the white metal to be delivered in July advanced by Rs 197, or 0.52 per cent, to Rs 38,255 per kg in 8,898 lots.

Analysts said widening of positions by traders, in sync with a firm trend overseas for precious metals, influenced silver prices at futures trade here.

 

In the international market, silver traded higher by 1.24 per cent at USD 15.05 an ounce in Singapore.

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Apr 26 2019 | 1:45 PM IST

Explore News