Business Standard

Silver futures climb Rs 99 on firm global cues

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Press Trust of India New Delhi
Silver prices rose Rs 99 to Rs 39,771 per kg in futures trade today as participants created positions amid a firm trend in the precious metals overseas.

In futures trading, silver for delivery in May was up by Rs 99, or 0.25 per cent, at Rs 39,771 per kg at the Multi Commodity Exchange, in a business turnover of 9 lots.

Likewise, the white metal for delivery in March spurted Rs 95, or 0.24 per cent, to Rs 39,218 per kg in 424 lots.

Analysts said widening of positions by speculators in step with a firm trend in global markets, influenced silver prices.

Meanwhile, silver was up 0.15 per cent to USD 17.12 an ounce in Singapore.

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First Published: Jan 31 2018 | 11:40 AM IST

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