Tracking recovery in global markets, silver prices rose Rs 254 to Rs 43,135 per kg at the futures trade today as traders built up fresh positions.
At the Multi Commodity Exchange, silver for delivery in December was trading higher by Rs 254 or 0.59 per cent to Rs 43,135 per kg in a business turnover of 594 lots.
Similarly, the white metal for delivery in far-month March next year was up by Rs 243 or 0.55 per cent to Rs 44,033 per kg in 20 lots.
Market analysts said fresh positions created by participants at prevailing levels after yesterday’s steep fall, helped silver to trade in positive terrain.
Besides, a recovery in precious metals overseas too supported the upside, they added.
Meanwhile, silver rose 1.04 per cent to $17.96 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.