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

  ( %)

More News

  • People traverse through the first rains of the season India to receive normal rains, not surplus
  • Pulses production may exceed 20 Mt in FY17 Pulses production may exceed 20 Mt in FY17

STOCK WATCH

Company Price() Chg(%)
Sequent Scien. 145.05 19.28
JK Tyre & Indust 124.80 12.58
J B Chem & Pharm 311.35 10.88
Tata Inv.Corpn. 570.35 10.14
Punj Lloyd 21.85 9.80
> More on BSE Gainers
Company Price() Chg(%)
JK Tyre & Indust 125.10 12.50
J B Chem & Pharm 311.80 11.14
Punj Lloyd 21.85 9.80
Engineers India 251.20 8.35
Motil.Oswal.Fin. 512.80 7.91
> More on NSE Gainers
Company Price() Chg(%)
Welspun India 59.30 -9.95
J Kumar Infra 147.10 -4.26
Lycos Internet 10.66 -4.05
Jai Corp 75.00 -3.23
Hatsun AgroProd. 326.90 -3.14
> More on BSE Gainers
Company Price() Chg(%)
Welspun India 59.50 -9.98
J Kumar Infra 148.70 -3.32
Lanco Infratech 4.40 -3.30
Jai Corp 75.10 -3.16
Sh.Renuka Sugar 15.90 -3.05
> More on NSE Gainers
Widgets Magazine
Widgets Magazine
Widgets Magazine

Derivatives

Index
Instrument Type
Expiry Date
Option Type
Strike Price

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

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