Gold & Silver

Silver futures spurt to Rs 42,737 per kg

PTI New Delhi | Updated on January 13, 2018 Published on March 06, 2017

Silver prices spurted Rs 205 to Rs 42,737 per kg at the futures trade today as speculators built up positions, ignoring a weak global trend.

At the Multi Commodity Exchange, silver for delivery in May was trading higher by Rs 205 or 0.48 per cent at Rs 42,737 per kg in a business turnover of 781 lots.

Also, the white metal for delivery in far-month July was up by Rs 202 or 0.47 per cent at Rs 43,194 per kg in 5 lots.

Analysts said the rise in silver prices at the futures trade was mostly attributed to building up of fresh positions by speculators despite a weak trend in global market.

Meanwhile, silver fell 0.64 per cent to $17.83 an ounce in Singapore today.

Published on March 06, 2017
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