Comments
Silver prices gained 0.12 per cent to Rs 39,221 per kg in futures trade Monday as participants increased bets amid firm global trend.
At the Multi Commodity Exchange, silver for delivery in March moved up by Rs 48, or 0.12 per cent, to Rs 39,221 per kg in a business turnover of 943 lots. The white metal to be delivered in February also rose by Rs 27,or 0.07 per cent, to Rs 39,240 per kg in a business turnover of 10,911 lots.
Analysts attributed the rise in silver prices to a firming trend overseas as the weak dollar boosted demand for safe-havens. Meanwhile, silver edged higher by 0.54 per cent to USD 15.84 an ounce in New York.
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.