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:   
|
|

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.

Quick Links

 

Market News

Double digit earnings to cheer markets in FY16

Analysts expect earnings surprises from consumer discretionary, financial and industrial sectors

Markets in evolution offer tremendous opportunities: Chitra Ramakrishna

The CEO of National Stock Exchange expects to see more retail savings enter the stock market

Domestic market not showing revival, ceramic units look global

Ceramic industries face reduction in business because of slowdown in real estate sector

Sebi slaps over Rs 21 cr fine on Gujarat Arth promoters, PACs

Sebi has slapped a hefty penalty of over Rs 21 crore on Gujarat Arth Ltd's promoters and persons acting in concert (PACs) for fraudulent ...

Indiabulls Securities pays Rs 1 crore to Sebi to settle allegations

The settlement charges were invoked after the irregularities were found in the company's broking operations

Back to Top