Business Standard

Silver moves up in futures trade on global cues

Speculators enlarged their positions, taking positive cues from overseas markets

Related News

prices moved up by Rs 306 to Rs 61,186 per kg in futures trade today as speculators enlarged their positions, taking positive cues from overseas markets.

At the Multi Commodity Exchange, the December contract for silver shot up by Rs 306, or 0.50%, to Rs 61,186 per kg in business turnover of 885 lots.

The March contract traded higher by Rs 288, or 0.46%, to Rs 63,052 per kg in 62 lots.

Market analysts said increased buying by speculators on the back of a firming global trend as a weak dollar raised demand for the bullion as an alternative investment mainly pushed up silver futures.

Meanwhile, silver rose as much as 1.1% to $32.66 an ounce in Singapore.

Read more on:   
|
|

Silver moves up in futures trade on global cues

Speculators enlarged their positions, taking positive cues from overseas markets

Silver prices moved up by Rs 306 to Rs 61,186 per kg in futures trade today as speculators enlarged their positions, taking positive cues from overseas markets.

prices moved up by Rs 306 to Rs 61,186 per kg in futures trade today as speculators enlarged their positions, taking positive cues from overseas markets.

At the Multi Commodity Exchange, the December contract for silver shot up by Rs 306, or 0.50%, to Rs 61,186 per kg in business turnover of 885 lots.

The March contract traded higher by Rs 288, or 0.46%, to Rs 63,052 per kg in 62 lots.

Market analysts said increased buying by speculators on the back of a firming global trend as a weak dollar raised demand for the bullion as an alternative investment mainly pushed up silver futures.

Meanwhile, silver rose as much as 1.1% to $32.66 an ounce in Singapore.

image

Read More

Gold futures seen in range of Rs 31,600-32,850: India Infoline

Brokerage India Infoline expects a trading range of Rs 31,600-32,850 for gold on the Multi Commodity Exchange, it said in a report.

Recommended for you

Advertisements

Quick Links

Market News

Welspun Corp zooms 20% on robust Q4 results

The company reported a consolidated net profit at Rs 144 crore in March quarter against Rs 12.62 crore in a year ago quarter.

Are markets heading for a long-term bear phase?

It's been a roller-coaster ride since 2015 Budget, which was among the most eagerly awaited in recent memory

MM Auto Industries withdraws IPO application

Firm is the third to pull out of an IPO this year, the other two being Videocon D2H and CL Educate

Piramal lends Rs 225 cr to Ahmedabad developer

Land was bought for Rs 389 cr, wherein Ganesh Housing brought in Rs 189 cr and Piramal brought in Rs 200 cr

Sensex, Nifty trading flat; broader markets outshine

Both the BSE Midcap and Smallcap indices, up 0.5% each have performed better than the front-liners

 

Back to Top