Business Standard

Silver futures rise Rs 188 to Rs 44,873 per kg

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Press Trust of India New Delhi

Silver futures on Tuesday traded Rs 188 higher at Rs 44,873 per kg after speculators raised bets, driven by a firm trend overseas.

Silver contracts for December delivery rose by Rs 188, or 0.38 per cent, to Rs 44,873 per kg in a business turnover of 4,420 lots on the Multi Commodity Exchange.

Besides, the white metal to be delivered in March shot up by Rs 174, or 0.38 per cent, to Rs 45,524 per kg in 296 lots.

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

In the international market, silver traded 0.71 per cent higher at USD 17.12 an ounce in New York.

 

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First Published: Nov 19 2019 | 12:15 PM IST

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