You are here: Home » PTI Stories » National » News
Business Standard

Silver futures advance Rs 63 on firm global cues

Press Trust of India  |  New Delhi 

Silver prices were trading up by Rs 63 at Rs 42,633 per kg in futures trading today as participants indulged in enlarging positions amid a firm trend in precious metals overseas.

Silver for delivery in July was trading up by Rs 63, or 0.15 per cent, at Rs 43,111 per kg at the Multi Commodity Exchange, in a business turnover of 8 lots.

Likewise, the white metal for delivery in May was trading higher by Rs 62, or 0.15 per cent, to Rs 42,633 per kg in 334 lots.

Analysts said, widening of positions by speculators in step with a firm trend in as continued geopolitical tensions boosted the metal's appeal as a haven asset, influenced silver prices at futures trade.

Globally, silver rose 0.30 per cent higher at USD 18.57 an ounce in

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

First Published: Mon, April 17 2017. 11:22 IST