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Silver futures surge 0.38% on global cues

Press Trust of India  |  New Delhi 

Silver futures rose by 0.38 per cent to Rs 39,670 per kg Thursday after speculators raised bets, driven by a firm trend overseas.

At the Multi Commodity Exchange, silver for delivery in March was trading higher by Rs 149, or 0.38 per cent, to Rs 39,670 per kg in a business turnover of 1,234 lots.

In a similar manner, the to be delivered in far-month May rose by Rs 172, or 0.43 per cent, to Rs 40,213 per kg in 2,142 lots.

Analysts said widening of positions by traders in sync with a firm trend overseas mainly influenced the silver prices at futures trade here.

In the international market, silver traded higher at USD 15.75 an ounce in

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

First Published: Thu, January 10 2019. 14:30 IST