Silver futures climb Rs 60 on firm overseas trend

Image
Press Trust of India New Delhi
Last Updated : Jan 23 2018 | 11:00 AM IST
Silver prices rose Rs 60 to Rs 39,039 per kg in futures trade today as speculators built up positions amid a firm global trend.
At the Multi Commodity Exchange, silver for delivery in March gained Rs 60, or 0.15 per cent, to Rs 39,039 per kg in a business turnover of 407 lots.
The white metal for delivery in May was trading up by Rs 26, or 0.07 per cent, to Rs 39,540 per kg in two lots.
Analysts said, speculators created fresh positions in tune with firm global trend as the dollar weakened, boosting demand for the precious metal as a safe-haven and pushing silver prices higher.
Meanwhile, silver rose 0.24 per cent to USD 17.02 an ounce in Singapore.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

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

More From This Section

First Published: Jan 23 2018 | 11:00 AM IST

Next Story