Silver futures climb Rs 97 on firm global cues

Image
Press Trust of India New Delhi
Last Updated : Oct 26 2016 | 11:13 AM IST
Tracking a firming trend in the precious metals overseas, silver prices traded higher by Rs 97 to Rs 42,512 per kg in futures trade today as speculators raised their bets.
In futures trading at the Multi Commodity Exchange, silver for delivery in December shot up by Rs 97 or 0.23 per cent to Rs 42,512 per kg in a business turnover of 865 lots.
The white metal for delivery in March 2017 too was trading higher by Rs 88 or 0.20 per cent to Rs 42,292 per kg in 14 lots.
Market analysts said fresh position created by participants, driven by firm global trend, supported the upside in silver prices in futures trade here.
Meanwhile, silver climbed 0.37 per cent to USD 17.81 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: Oct 26 2016 | 11:13 AM IST

Next Story