Business Standard

Silver futures surge on firm spot demand


Press Trust of India New Delhi
Silver prices rose by Rs 150 to Rs 46,139 per kg in futures trade on Wednesday as participants widened their bets despite a sluggish trend overseas.
On the Multi Commodity Exchange, silver contracts for December delivery gained Rs 150, or 0.33 per cent, to Rs 46,139 per kg in a business turnover of 10,564 lots.
Similarly, the white metal for delivery in March next year traded higher by Rs 194, or 0.41 per cent, to Rs 47,020 per kg in 1,209 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 0.15 per cent at USD 17.81 an ounce in New York.

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

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Oct 30 2019 | 12:55 PM IST

Explore News