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Global metal uptrend lifts silver futures by Rs 915

Press Trust of India  |  New Delhi 

Silver prices went up by a whopping Rs 915 to Rs 40,960 per kg in futures trading today on the back of an uptrend in precious metals overseas.

At the Multi Commodity Exchange, silver for delivery in May traded notably higher by Rs 915, or 2.28 per cent, at Rs 40,960 per kg in a business turnover of 1,991 lots.

Likewise, the white metal for delivery in far-month July rose by Rs 914, or 2.25 per cent, to Rs 41,450 per kg in 47 lots.

Analysts said speculative positions built up by participants tracking a firm trend in precious metals despite the US Fed by a quarter percentage point supported the upside in silver prices here.

Meanwhile, silver rose as much as 0.55 per cent to trade at USD 17.42 an ounce in today.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, March 16 2017. 12:22 IST