Silver Futures Surge on Spot Demand: Prices Jump 1.49%

By By Rediff Money Desk, New Delhi
Sep 11, 2024 13:19
Silver prices rose sharply in futures trading on Wednesday, driven by strong spot demand. The December contract on the Multi Commodity Exchange climbed 1.49% to Rs 84,932 per kg.
New Delhi, Sep 11 (PTI) Silver prices on Wednesday jumped Rs 1,251 to Rs 84,932 per kilogram in futures trade as participants widened their bets on a firm spot demand.

On the Multi Commodity Exchange, silver contracts for December delivery increased Rs 1,251 or 1.49 per cent to Rs 84,932 per kg in 30,090 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 1.84 per cent higher at USD 29.14 per ounce in New York.
Source: PTI
Read More On:
silver pricessilver futuresspot demandmulti commodity exchangesilver trading
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

Odisha Invites HCL Tech to Set Up Operations

Odisha Chief Minister Mohan Charan Majhi invites HCL Technologies to establish a campus...

India's US Tariffs Only 7-8%: Goyal

India's Commerce Minister Piyush Goyal says applied tariffs to the US are only 7-8%,...

Konkan Seeks Investors: Divisional Commissioner...

Konkan region actively seeks investors with a focus on creating a business-friendly...

India Weighs Local AI Model Storage to Mitigate...

India is considering local storage of AI models to prevent data leaks and mitigate...

India to Fund AI-LLM Applications: Vaishnaw

India's AI mission is in its final stage of evaluating applications for funding, with...

Tech Transfer Pacts for NaMPET Innovations:...

India's Ministry of Electronics and IT (MeitY) signs technology transfer and...

Sonowal Unveils Shipbuilding Tech at Cochin...

Union Minister Sarbananda Sonowal inaugurated advanced machinery at Cochin Shipyard,...

MMR Growth Hub: Fadnavis Pushes for Speedy...

Maharashtra CM Devendra Fadnavis emphasizes the need for swift implementation of growth...

Refex Renewables Wins Rs 78 Cr Waste Management...

Refex Renewables & Infrastructure has secured a Rs 78 crore order to build a waste...

Tripura CM Chairs Task Force for NE Investment

Tripura CM Manik Saha chairs the first meeting of the high-level task force on...

Read More »

Sectoral Indices Market Indicators Listed Companies Gainers Losers Mutual Funds Portfolio Watchlist
© 2025 Rediff.com