Silver Futures Rise on Spot Demand - PTI
Dec 19, 2023 14:26
Silver prices surged on Tuesday, driven by strong spot demand. Read more about the rise in silver futures on the Multi Commodity Exchange (MCX) and global market trends.
New Delhi, Dec 19 (PTI) Silver prices on Tuesday rose Rs 90 to Rs 74,500 per kilogram in futures trade as participants widened their bets on a firm spot demand.
On the Multi Commodity Exchange, silver contracts for March delivery increased Rs 90 or 0.12 per cent to Rs 74,500 per kg in 13,749 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 0.34 per cent higher at USD 24.19 per ounce in New York.
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.