Silver Futures Surge on Spot Demand: Prices Jump Rs 465
Jul 29, 2024 13:55
Silver futures prices soared in India on Monday, driven by increased demand. Learn about the factors influencing the price rise and global silver market trends.
New Delhi, Jul 29 (PTI) Silver prices on Monday jumped Rs 465 to Rs 81,836 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 465 or 0.57 per cent to Rs 81,836 per kg in 28,772 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 0.43 per cent higher at USD 28.14 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.