Silver Futures Rise on Spot Demand - PTI
Jan 05, 2024 14:47
Silver futures on the Multi Commodity Exchange (MCX) surged by Rs 5 to Rs 72,341 per kg on Friday, driven by strong spot demand and positive domestic trends. Read more.
New Delhi, Jan 5 (PTI) Silver prices on Friday jumped Rs 5 to Rs 72,341 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 5, or 0.01 per cent, to Rs 72,341 per kg in 23,059 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 0.29 per cent higher at USD 23.26 per ounce in New York.
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