Silver futures prices rose by Rs 45 to Rs 47,019 per kg today, as speculators enlarged their positions on the back of a firming global trend.
At the Multi Commodity Exchange counter, silver for May contract rose by Rs 45 or 0.1 per cent to Rs 47,019 per kg with a trade volume of just one lot. Similarly, the metal for delivery in March moved up by Rs 43 or 0.09 per cent to Rs 46,306 per kg with a business turnover of three lots.
Market analysts said increased buying by speculators on pick-up in demand at the spot market, amid a firming global trend mainly led to the rise in silver futures prices.
Meanwhile, silver traded 0.2 per cent higher than its previous close at $30.74 in Asia.
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.