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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.

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

First Published: Wed, October 30 2019. 12:55 IST