Silver Futures Rise on Spot Demand - PTI
Feb 15, 2024 13:53
Silver prices rose in futures trade on Thursday, driven by increased spot demand. Analysts cite positive domestic trend as the primary factor for the rise.
New Delhi, Feb 15 (PTI) Silver prices on Thursday rose Rs 144 to Rs 70,296 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 144, or 0.21 per cent, to Rs 70,296 per kg in 28,277 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 0.75 per cent higher at USD 22.56 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.