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Silver futures gain 0.37% on global cues

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Press Trust of India New Delhi

Taking positive cues from overseas markets, silver prices traded higher by 0.37 per cent to Rs 36,913 per kg in futures market today as speculators created fresh positions.

At the Multi Commodity Exchange, silver for delivery in September rose by Rs 135, or 0.37 per cent to Rs 36,913 per kg in a business turnover of 326 lots.

Similarly, the white metal for delivery in December contracts traded higher by Rs 138, or 0.37 per cent, to Rs 37,738 per kg in 6 lots.

Market analysts said fresh positions built up by traders in tandem with a firm global trend influenced silver prices in futures trade.

 

Meanwhile, silver rose by 0.31 per cent to USD 14.78 an ounce in Singapore.

Disclaimer: No Business Standard Journalist was involved in creation of this content

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First Published: Aug 21 2018 | 10:45 AM IST

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