Silver moves up in futures trade on global cues

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
Business Standard
177 22
Business Standard

Silver moves up in futures trade on global cues

Speculators enlarged their positions, taking positive cues from overseas markets

Press Trust of India  |  New Delhi 

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.

RECOMMENDED FOR YOU

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
Business Standard
177 22

LIVE MARKET

BSE

  ( %)

NSE

  ( %)

Widgets Magazine

More News

STOCK WATCH

Company Price() Chg(%)
Sharda Cropchem 348.65 20.00
Rattanindia Pow. 11.23 14.71
Larsen & Toubro 1420.00 9.97
Dynamatic Tech. 2275.45 8.61
Lycos Internet 16.80 8.04
> More on BSE Gainers
Company Price() Chg(%)
Sharda Cropchem 348.45 19.99
Rattanindia Pow. 11.25 14.80
Larsen & Toubro 1420.45 9.98
Dynamatic Tech. 2278.45 8.34
Torrent Power 189.70 7.36
> More on NSE Gainers
Company Price() Chg(%)
T.V. Today Netw. 306.00 -7.73
Piramal Enterp. 1350.00 -5.12
HCL Infosystems 38.60 -4.69
Welspun Corp 78.70 -3.85
I O B 27.95 -3.62
> More on BSE Gainers
Company Price() Chg(%)
T.V. Today Netw. 306.50 -7.68
Aditya Bir. Fas. 138.10 -5.83
HCL Infosystems 38.60 -5.28
Piramal Enterp. 1349.70 -5.16
Indoco Remedies 291.30 -4.15
> More on NSE Gainers
Widgets Magazine
Widgets Magazine
Widgets Magazine

Derivatives

Index
Instrument Type
Expiry Date
Option Type
Strike Price

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard