Business Standard

Silver futures up on positive global cues

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Press Trust of India New Delhi

Silver futures traded higher by 0.36 per cent to Rs 43,222 per kg Friday after speculators raised bets driven by a firm trend overseas.

On the Multi Commodity Exchange, silver for delivery in September contracts was up by Rs 155, or 0.36 per cent, to Rs 43,222 per kg in a business turnover of 6,422 lots.

The white metal to be delivered in December contracts too rose by Rs 55, or 0.12 per cent, to Rs 44,402 per kg in 202 lots.

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

 

In the international market, silver traded higher by 0.35 per cent at USD 17 an ounce in New York.

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First Published: Aug 09 2019 | 1:20 PM IST

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