Silver Futures Surge on Spot Demand | MCX

Oct 09, 2024 13:52

Silver prices on the Multi Commodity Exchange (MCX) rose on Wednesday, driven by strong spot demand and a positive domestic trend. Read more.

New Delhi, Oct 9 (PTI) Silver prices on Wednesday rose Rs 414 to Rs 89,143 per kilogram as participants widened their bets on a firm spot demand.

On the Multi Commodity Exchange, silver contracts for December delivery increased Rs 414 or 0.47 per cent to Rs 89,143 per kg in a business turnover of 28,226 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 0.72 per cent higher at USD 30.82 per ounce in New York.

Source: PTI

MORE NEWS

US Remains Top FDI Source in India: RBI Census...

The US continued to be the largest source of foreign direct investment (FDI) in India,...

PM GatiShakti NPG Evaluates 5 Infrastructure...

The Network Planning Group (NPG) under PM GatiShakti has evaluated 5 infrastructure...

Gold Price Jumps Rs 1,150 to Rs 78,500/10g:...

Gold prices surged Rs 1,150 to Rs 78,500/10g in India, driven by positive global trends...

Sebi Halts Trafiksol IPO Listing, Orders Probe

Sebi has ordered an investigation into Trafiksol ITS Technologies' IPO disclosures...

Wockhardt's Antibiotic for CABP Gets CDSCO...

Wockhardt receives a favourable recommendation from CDSCO for its novel antibiotic,...

Amazon Business Gifting Soars 134% in Festive Sale

Amazon Business reports a 134% increase in corporate gifting sales during the Amazon...

Ola Electric Faces CCPA Notice Over 10K Complaints

India's consumer regulator CCPA has issued a notice to Ola Electric after receiving...

EU Deforestation Rules, Carbon Tax Unfair: Goyal

India's Commerce Minister Piyush Goyal criticizes EU's deforestation regulation and...

Just Dial Q2 Profit Soars 2-Fold to Rs 154 Cr

Just Dial's net profit more than doubled to Rs 154 crore in Q2 FY25, driven by record...

Mandhana Industries Promoter Accused of Loan...

ED chargesheet alleges Purushottam Mandhana diverted business loans for personal gain,...

Silver Futures Surge on Spot Demand | MCX

You May Like To Read

MORE NEWS