ALSO READGlobal Markets - Investors flee risk assets as geopolitical tensions heat up Global Markets: Ebbing risk appetite grounds Asian stocks, dollar sulks as euro strengthens Global stocks slide, Treasuries and yen up on geopolitical tensions Global markets: Dollar dented by jobs miss, London attacks hurt sterling; stocks subdued Global markets: Dollar hits seven-month low, stocks, oil retreat as caution reigns
Tracking a firming trend overseas, silver prices rose by Rs 302 to Rs 37,801 per kg in futures trading today as traders built up fresh positions. At the Multi Commodity Exchange, silver for delivery in September rose by Rs 302, or 0.81 per cent, to Rs 37,801 per kg, in a business turnover of 1,087 lots. Similarly, the white metal for delivery in far-month December gained Rs 272, or 0.71 per cent, to Rs 38,354 per kg in 17 lots. Analysts said fresh positions created by participants amid firming trend in global markets amid rising tensions between the US and North Korea, raising appeal of the precious metals as a safe-haven, influenced silver prices at futures trade here. Meanwhile, silver rose 0.43 per cent to USD 16.50 an ounce in Singapore today.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)