Silver Futures Rise on Spot Demand - PTI
Feb 22, 2024 13:25
Silver prices in India rose on Thursday due to strong spot demand, with futures contracts on the Multi Commodity Exchange (MCX) increasing by 0.55%.
New Delhi, Feb 22 (PTI) Silver prices on Thursday rose Rs 390 to Rs 70,999 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 390, or 0.55 per cent, to Rs 70,999 per kg in 21,364 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 0.94 per cent higher at USD 23.31 per ounce in New York.
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