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Silver futures climb Rs 143 on firm global cues

Press Trust of India  |  New Delhi 

Silver rallied by Rs 143 to Rs 37,204 per kg in futures trade on Friday as participants raised their bets, tracking a firming trend overseas.

At the Multi Commodity Exchange, silver for delivery in December surged Rs 143, or 0.39 per cent, to Rs 37,204 per kg in a business turnover of 336 lots.

Market analysts said participants built up positions amid a firm global trend as as softer-than-expected US consumer prices data dimmed the case for a faster pace of policy tightening by the Federal Reserve, influenced precious metals prices at futures trade here.

Meanwhile, silver surged 0.46 per cent to USD 14.21 an ounce in

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, September 14 2018. 11:20 IST