Gold & Silver

Silver futures edge up to Rs 40,323 per kg

PTI New Delhi | Updated on June 26, 2018

Silver prices edged up by 0.09 per cent to Rs 40,323 per kg at the futures trade as speculators raised their bets despite a weak trend overseas.

At the Multi Commodity Exchange, silver for delivery in far-month September edged higher by Rs 37 or 0.09 per cent at Rs 40,323 per kg in a business turnover of 95 lots. Likewise, the white metal for delivery in July contracts was trading higher by Rs 30 or 0.08 per cent at Rs 39,675 per kg in 989 lots.

Market analysts attributed the rise in silver futures to fresh positions created by speculators, but a weak trend overseas capped the rise. Globally, silver fell 0.03 per cent to $16.29 an ounce in Singapore.

Published on June 26, 2018

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