Comments
Silver prices rose Rs 116 to reach Rs 38,818 per kg at the futures trade today as speculators created fresh positions owing to a firm trend in precious metals overseas.
At the Multi Commodity Exchange, silver for delivery in March traded higher by Rs 116 or 0.3 per cent at Rs 38,818 per kg in a business turnover of 614 lots. Likewise, the white metal for delivery in December was trading higher by Rs 108 or 0.28 per cent at Rs 38,056 per kg in 666 lots.
Analysts said fresh positions built by speculators in line with a firm trend in global markets for precious metals, influenced silver prices at the futures trade. Meanwhile, silver was trading up 0.18 per cent at $16.54 an ounce in Singapore today.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.