Business Standard

Silver futures rise on positive cues

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Press Trust of India New Delhi

Silver futures on Monday traded higher by Rs 80 at Rs 46,836 per kg after speculators raised bets driven by a firm trend overseas.

Silver contracts for March delivery rose Rs 80, or 0.17 per cent, to Rs 46,836 per kg in a business turnover of 3,702 lots on the Multi Commodity Exchange.

The white metal to be delivered in May also jumped Rs 52, or 0.11 per cent, to Rs 47,329 per kg in 49 lots.

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

In the international market, silver traded 0.12 per cent higher at USD 18.10 an ounce in New York.

 

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First Published: Jan 20 2020 | 12:25 PM IST

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