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Silver futures surge 0.2% on global cues

Press Trust of India  |  New Delhi 

Silver prices traded higher 0.2 per cent at Rs 38,766 per kg Wednesday after speculators raised bets, driven by a firm trend overseas.

At the Multi Commodity Exchange, silver for delivery in May rose by Rs 77, or 0.2 per cent, at Rs 38,766 per kg in a business turnover of 18,631 lots.

Similarly, the for far-month July edged higher by Rs 93, or 0.24 per cent, at Rs 39,298 per kg in 385 lots.

Analysts said, widening of positions by traders in sync with a firm trend in global markets mainly influenced the silver prices here.

In the international market, silver traded higher by 0.74 per cent at USD 15.45 an ounce in

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

First Published: Wed, March 13 2019. 13:51 IST