Comments
Tracking a firming trend overseas, silver prices rose by 0.41 per cent to trade at nearly four-month high of Rs 47,024 per kg in futures trade today as speculators created huge positions.
At the Multi Commodity Exchange, silver prices for delivery in far-month December contracts rose by Rs 190, or 0.41 per cent, to Rs 47,024 per kg, a level last seen in April, in business turnover of 98 lots.
Similarly, the white metal prices for delivery in September traded Rs 172, or 0.38 per cent, higher at Rs 46,033 per kg in a turnover of 1,748 lots.
Market analysts said besides short-covering by speculators, gains in the precious metals in the overseas markets and domestic spot markets, attributed the rise in silver prices at futures trade here.
Globally, silver gained as much as much 4.23 per cent to USD 21.43 an ounce in New York in yesterday’s trade.
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.