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Update at 1300 hrs (IST)


Commodities
Silver futures extend gain

NEW DELHI: Silver futures prices extended gain for the second straight day by adding 0.48 per cent on the Multi Commodity Exchange today on increased offtake in the spot markets due to festival season. Firm global trend also supported the uptrend.

Silver for September month contract went up 0.48 per cent to Rs 24,103 a kg with an open interest of 13,804 lots. It had gained 1.19 percent in yesterday's trading. Similarly, silver for December month strengthened by 0.38 per cent to Rs 24,182 a kg wit h an open interest of 1,698 lots.

Marketmen said apart from increased demand in the spot markets due to festival season firming global trend mainly helped silver prices to trade with further gains at futures market here. - PTI

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