Silver futures gain 0.57% on firm global cues

Image
Press Trust of India New Delhi
Last Updated : Jan 05 2017 | 10:57 AM IST
Silver prices moved up by 0.57 per cent to Rs 41,062 per kg in futures market today as traders raised bets amid a firm trend in precious metals overseas.
At the Multi Commodity Exchange, silver for delivery in far-month May rose by Rs 232, or 0.57 per cent, to Rs 41,062 per kg, in a business turnover of two lots.
Likewise, the white metal for delivery in March was trading higher by Rs 218, or 0.54 per cent, to Rs 40,485 per kg in 679 lots.
Market analysts said fresh positions built by participants in line with a firm trend in global markets for precious metals influenced silver prices at the futures trade.
Meanwhile, silver rose 0.95 per cent to USD 16.56 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 05 2017 | 10:57 AM IST

Next Story