Silver futures rise by over Rs 150 on spot demand

News

NEW DELHI: Silver prices rose by Rs 171 to Rs 65,040 per kg in futures trade on Friday as participants widened their bets on a firm spot demand.

On the Multi Commodity Exchange, silver contracts for May delivery gained Rs 171, or 0.26 per cent, to Rs 65,040 per kg in 11,001 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 0.83 per cent higher at USD 25.26 per ounce in New York.

Articles You May Like

Market Trading Guide: Infosys, Muthoot Finance are among 5 stock recommendations for Tuesday
EUR/GBP Price Forecast: Extends gains past the 50-day SMA and 0.8300
Nvidia’s earnings cleared our lofty bar. Here’s our new price target on the AI chip king
7 stocks with solid quarterly performance, yet down 25% in recent slump
Euro and Sterling Under Fire after PMIs, Swiss Franc Reverses Gains

Leave a Reply

Your email address will not be published.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