Tracking a firming trend overseas, silver prices rose by Rs 100 to Rs 40,120 per kg in futures trading today as traders built up fresh positions.
At the Multi Commodity Exchange, silver for delivery in July rose by Rs 100, or 0.25 per cent, to Rs 40,120 per kg, in a business turnover of 366 lots.
Similarly, the white metal for delivery in far-month September gained Rs 90, or 0.22 per cent, to Rs 40,806 per kg in six lots.
Analysts said fresh positions created by participants amid firming trend in global markets supported by a weaker dollar as a trade spat between the US and China intensified, influenced silver prices at futures trade here.
Meanwhile, silver rose 0.24 per cent to USD 16.48 an ounce in Singapore today.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app