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Silver futures up 0.21 pc on global cues

Press Trust of India  |  New Delhi 

Silver futures traded 0.21 per cent higher to Rs 39,410 per kg Wednesday after speculators raised bets, driven by a firm trend overseas.

Silver contracts for September delivery rose by Rs 84, or 0.21 per cent, to Rs 39,410 per kg in a business turnover of 18,644 lots, on the Multi Commodity Exchange.

Besides, the white metal contracts for December delivery shot up by Rs 73, or 0.18 per cent, to Rs 40,100 per kg in 848 lots.

Analysts said widening of positions by traders in sync with a firm trend overseas for precious metals mainly influenced silver prices here.

In the international market, silver traded 0.15 per cent higher at USD 15.66 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, July 17 2019. 12:55 IST