Business Standard

Silver futures up 0.49% on positive global trend

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Press Trust of India New Delhi

Silver futures traded higher by 0.49 per cent at Rs 37,652 per kg Friday after speculators raised bets, driven by a firm trend overseas.

At the Multi Commodity Exchange, silver for delivery in May was up by Rs 184, or 0.49 per cent, at Rs 37,652 per kg in a business turnover of 21,721 lots

The white metal to be delivered in July too rose by Rs 172, or 0.45 per cent, to Rs 38,163 per kg in 1,243 lots.

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

 

In the international market, silver traded higher by 0.87 per cent at USD 15.17 an ounce in Singapore.

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First Published: Apr 05 2019 | 1:55 PM IST

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