Silver futures rise 1% on spot demand

News

NEW DELHI: Silver prices rose by Rs 593 to Rs 66,196 per kg in futures trade on Monday as participants widened their bets on a firm spot demand.

On the Multi Commodity Exchange, silver contracts for May delivery gained Rs 593, or 0.9 per cent, to Rs 66,196 per kg in 12,170 lots.

Analysts said the rise in silver prices was mostly due to fresh positions built by participants on a positive domestic trend.

Globally, silver was trading 0.76 per cent higher at USD 25.48 per ounce in New York.

Articles You May Like

Where new jobs were in 2024, and potential growth areas in a second Trump term
USDCAD extends to new highs and toward upper ceiling area.
World’s biggest chipmaker TSMC posts record 2024 revenue as AI boost continues
Gold remains vulnerable on strong US non-farm payroll data
Oil price rises at the start of the year – Commerzbank

Leave a Reply

Your email address will not be published. Required fields are marked *