Silver futures up Rs 41, tracking positive global cues

Image
Press Trust of India New Delhi
Last Updated : Jul 13 2017 | 11:22 AM IST
Silver prices were trading up by Rs 41 to Rs 37,009 per kg in futures trade today after participants raised bets amid firming global trends.
At the Multi Commodity Exchange, silver for delivery in September was trading up by Rs 41, or 0.11 per cent, to Rs 37,009 per kg in a business turnover of 472 lots.
Similarly, the white metal for delivery in December traded higher by Rs 38, or 0.10 per cent, to Rs 37,659 per kg in a business volume of one lot.
Analysts attributed the rise in silver prices at futures trade to a firming trend in the precious metal overseas as dollar's safe-haven appeal weakened after the US Federal Reserve reiterated a call for gradual approach to raising interest rates.
Globally, silver traded 0.13 per cent higher at USD 15.92 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: Jul 13 2017 | 11:22 AM IST

Next Story