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Silver futures rise 0.34% on global cues

Press Trust of India  |  New Delhi 

Tracking a firm trend overseas, silver prices rose by 0.34 per cent to Rs 39,903 kg in futures market today as speculators created fresh positions.

At the Multi Commodity Exchange, silver for delivery in September gained Rs 137, or 0.34 per cent, to Rs 39,903 per kg in a business turnover of 583 lots.

Likewise, the for delivery in July contracts was trading higher by Rs 130, or 0.32 per cent, at Rs 40,737 per kg in 7 lots.

Analysts said fresh positions built up by participants in tandem with a firm global trend, led to the rise in silver prices in futures trade.

Globally, silver rose 0.53 per cent to USD 16.10 an ounce in

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

First Published: Mon, July 09 2018. 10:50 IST