Gold & Silver

Silver futures trades higher

PTI New Delhi | Updated on January 07, 2020 Published on January 07, 2020

Silver futures on Tuesday traded higher by ₹58 to ₹47,604 per kg after speculators raised bets, driven by a firm trend overseas.

Silver contracts for March delivery rose ₹58, or 0.12 per cent, to ₹47,604 per kg in a business turnover of 6,996 lots on the Multi Commodity Exchange.

The white metal to be delivered in May also jumped ₹55, or 0.11 per cent, to ₹48,130 per kg in 51 lots.

Analysts said widening of positions by traders in sync with a firm trend overseas mainly influenced silver prices here.

In the international market, silver traded 0.31 per cent higher at USD 18.24 an ounce in New York.

Published on January 07, 2020
  1. Comments will be moderated by The Hindu Business Line editorial team.
  2. Comments that are abusive, personal, incendiary or irrelevant cannot be published.
  3. Please write complete sentences. Do not type comments in all capital letters, or in all lower case letters, or using abbreviated text. (example: u cannot substitute for you, d is not 'the', n is not 'and').
  4. We may remove hyperlinks within comments.
  5. Please use a genuine email ID and provide your name, to avoid rejection.