Silver Futures Rise on Spot Demand - PTI
Feb 13, 2024 13:41
Silver prices surged on the Multi Commodity Exchange (MCX) on Tuesday, fueled by strong spot demand and a positive domestic trend. Read more to learn about silver futures trading.
New Delhi, Feb 13 (PTI) Silver prices on Tuesday rose Rs 320 to Rs 71,329 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 320, or 0.45 per cent, to Rs 71,329 per kg in 26,461 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 0.50 per cent higher at USD 22.88 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.