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Positive global cues lift silver futures by Rs 105

Positive global cues lift silver futures by Rs 105

Friday, August 11, 2017


Silver prices went up by Rs 105 to Rs 39,804 per kg in futures trading today as speculators widened positions amid firm trend in precious metals overseas. At the Multi Commodity Exchange, silver for delivery in December traded higher by Rs 105, or 0.26 per cent, at Rs 39,804 per kg in a business turnover of 13 lots.


Likewise, the white metal for delivery in September was trading higher by Rs 55, or 0.14 per cent, to Rs 39,268 per kg in 1,000 lots. Market analysts said speculative positions built up by participants, tracking a better trend in global markets for precious metals, supported the upside in silver prices at futures trade here. Meanwhile, silver surged 1.06 per cent to USD 17.10 an ounce in New York yesterday.


Source: www.outlookindia.com