Silver Futures Rise on Spot Demand - PTI
Aug 08, 2024 13:16
Silver prices rose on Thursday due to increased spot demand, with futures contracts on the Multi Commodity Exchange increasing by Rs 4 per kg. Global silver prices also saw gains.
New Delhi, Aug 8 (PTI) Silver prices on Thursday marginally rose Rs 4 to Rs 78,904 per kilogram in futures trade as participants widened their bets on a firm spot demand.
On the Multi Commodity Exchange, silver contracts for September delivery increased Rs 4 or 0.01 per cent to Rs 78,904 per kg in 29,727 lots.
Analysts said the rise in silver prices was mainly due to fresh positions built up by participants on a positive domestic trend.
Globally, silver was trading 0.26 per cent higher at USD 26.88 per ounce in New York.
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