Gold & Silver

Silver futures surge to Rs 40,337 per kg

| Updated on January 08, 2018

Tracking a firm trend overseas, silver prices surged Rs 208 to Rs 40,337 per kg at the futures trade today as traders built up fresh positions.

At the Multi Commodity Exchange, silver for delivery in December spurted Rs 208 or 0.52 per cent to Rs 40,337 per kg, in a business turnover of 390 lots. Similarly, the white metal for delivery in March next year was trading higher by Rs 187 or 0.46 per cent to Rs 40,886 per kg in 5 lots.

Market analysts said fresh positions created by participants in line with a firm trend in global markets influenced silver prices at the futures trade here.

Meanwhile, silver rose 0.29 per cent to $17.20 an ounce in Singapore.

Published on October 12, 2017

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