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Silver futures climb Rs 302 on overseas cues

Press Trust of India  |  New Delhi 

Tracking a firming trend overseas, silver prices rose by Rs 302 to Rs 37,801 per kg in futures trading today as traders built up fresh positions.

At the Multi Commodity Exchange, silver for delivery in September rose by Rs 302, or 0.81 per cent, to Rs 37,801 per kg, in a business turnover of 1,087 lots.

Similarly, the white metal for delivery in far-month December gained Rs 272, or 0.71 per cent, to Rs 38,354 per kg in 17 lots.

Analysts said fresh positions created by participants amid firming trend in amid rising tensions between the US and North Korea, raising appeal of the precious metals as a safe-haven, influenced silver prices at futures trade here.

Meanwhile, silver rose 0.43 per cent to USD 16.50 an ounce in today.

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

First Published: Wed, August 09 2017. 11:07 IST