Silver Futures Surge on Spot Demand | Commodity Market News

By By Rediff Money Desk, New Delhi
Aug 29, 2024 12:38
Silver futures prices climbed on the Multi Commodity Exchange (MCX) due to increased spot demand. Global silver prices also rose in New York.
New Delhi, Aug 29 (PTI) Silver prices on Thursday jumped Rs 733 to Rs 84,710 per kilogram in futures trade as participants widened their bets on a firm spot demand.

On the Multi Commodity Exchange, silver contracts for September delivery increased Rs 733 or 0.95 per cent to Rs 84,710 per kg in 10,112 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 1.32 per cent higher at USD 30.02 per ounce in New York.
Source: PTI
Read More On:
commodity marketmcxspot demandsilver futuressilver prices
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.

You May Like To Read

MORE NEWS

IKEA India Widens Loss to Rs 1,299 cr in FY24,...

IKEA India reported a widening loss of Rs 1,299.4 crore in FY24, despite a 4.5% revenue...

Lupin Acquires Huminsulin for Diabetes...

Lupin has acquired 'Huminsulin' in India from Eli Lilly and Company to strengthen its...

Power Grid Corp Acquires Rajasthan IV 4A Power...

Power Grid Corporation of India acquired the project special purpose vehicle (SPV)...

Sebi Approves IPOs for Schloss Bangalore, Ather...

Sebi has approved IPO proposals from six companies, including Schloss Bangalore, Ather...

McDonald's Opens First Restaurant in Sikkim,...

McDonald's has opened its first restaurant in Gangtok, Sikkim, marking its entry into...

Bullion Rates Today: Gold, Silver Prices in...

Get the latest bullion rates for gold and silver in Bengaluru. Check today's prices for...

Wheat Sowing Area Up 2.15%, Oilseeds Decline -...

Wheat acreage rose 2.15% in India's ongoing rabi season, while oilseeds acreage fell...

SAIL Wins 'Great Place to Work' Certification...

State-owned SAIL has been certified as a 'Great Place to Work' for the second...

Banks to Offer Beneficiary Name Lookup in NEFT,...

RBI mandates banks to provide beneficiary account name verification facility for NEFT &...

Honey Export Price Extended to Dec 2025

India extends minimum export price for honey till Dec 2025, aiming to protect domestic...

Read More »

Sectoral Indices Market Indicators Listed Companies Gainers Losers Mutual Funds Portfolio Watchlist
© 2024 Rediff.com