Silver prices were up by Rs 185 to Rs 41,715 per kg at the futures trade as participants indulged in enlarging positions amid a firm trend in precious metals overseas.
Silver for delivery in May was up by Rs 185 or 0.45 per cent at Rs 41,715 per kg at the Multi Commodity Exchange in a business turnover of 129 lots.
Analysts said widening of positions by speculators in step with a firm trend in global markets as dollar's weakness raised the appeal for precious metals, influenced silver prices at the futures trade.
Globally, silver rose 0.56 per cent to $17.84 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.