Silver futures surge Rs 147 on firm global cues

Image
Press Trust of India New Delhi
Last Updated : Oct 15 2018 | 11:35 AM IST

Silver prices rose by Rs 147 to Rs 39,087 per kg in futures trade Monday on speculative buying by investors following its gains in overseas markets.

At the Multi Commodity Exchange, silver for delivery in November spurted by Rs 147, or 0.38 per cent, to Rs 39,087 per kg in a business turnover of 650 lots.

The white metal for delivery in December was trading higher by Rs 142 or 0.36 per cent to Rs 39,060 per kg in 189 lots.

Analysts said speculative buying driven by firm global trend lifted silver prices at futures trade.

Meanwhile, silver rose 0.24 per cent to USD 14.71 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 15 2018 | 11:35 AM IST

Next Story