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Silver futures climb Rs 208 on firm global cues

Press Trust of India  |  New Delhi 

Tracking a firm trend overseas, silver prices surged by Rs 208 to Rs 40,337 per kg in futures trade today as traders built up fresh positions.

At the Multi Commodity Exchange, silver for delivery in December spurted by Rs 208, or 0.52 per cent, to Rs 40,337 per kg, in a business turnover of 390 lots.

Similarly, the white metal for delivery in March next year was trading higher by Rs 187, or 0.46 per cent, to Rs 40,886 per kg in 5 lots.

Market analysts said fresh positions were created by participants in line with a firm trend in that influenced silver prices at futures market here.

Meanwhile, silver rose 0.29 per cent to USD 17.20 an ounce in

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

First Published: Thu, October 12 2017. 10:32 IST