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Silver futures rise Rs 147 on domestic cues

Press Trust of India  |  New Delhi 

Silver prices on Friday rose by Rs 147 to Rs 44,315 per kg in futures trade as participants widened their bets despite a sluggish trend overseas.

On the Multi Commodity Exchange, silver contracts for December delivery gained Rs 147, or 0.33 per cent, to Rs 44,315 per kg in a business turnover of 3,451 lots.

Similarly, the white metal for delivery in March next year traded higher by Rs 190, or 0.42 per cent, to Rs 44,949 per kg in 138 lots.

Analysts said widening of positions by participants amid firm demand at physical markets influenced silver prices here.

In the international market, silver was down 0.03 per cent at USD 17.01 an ounce in New York.

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

First Published: Fri, November 08 2019. 12:55 IST