Silver prices moved up by 0.57 per cent to Rs 41,062 per kg at the futures market today as traders raised bets amid a firm trend in precious metals overseas.
At the Multi Commodity Exchange, silver for delivery in far-month May rose Rs 232 or 0.57 per cent to Rs 41,062 per kg in a business turnover of two lots.
Likewise, the white metal for delivery in March was trading higher by Rs 218 or 0.54 per cent at Rs 40,485 per kg in 679 lots.
Market analysts said fresh positions built by participants in line with a firm trend in global markets for precious metals influenced silver prices at the futures trade.
Meanwhile, silver rose 0.95 per cent to $16.56 an ounce in Singapore.
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.