Comments
Taking positive cues from overseas market, silver prices edged higher by 1.34 per cent to Rs 37,570 per kg at the futures trade today after speculators enlarged their positions.
At the Multi Commodity Exchange, silver for delivery in far-month May was up by Rs 498 or 1.34 per cent to Rs 37,570 per kg in a business turnover of six lots.
Similarly, the white metal for delivery in March traded higher by Rs 365 or 1.28 per cent to Rs 36,910 per kg in 976 lots.
Analysts attributed the rise in silver prices at the futures trade to a firm trend in the precious metals overseas due to prevailing lower levels encouraging purchases.
Meanwhile, silver rebounded as much as 1.5 per cent, its biggest intra-day gain since December 18 to trade at $15.95 an ounce in Singapore.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.