Silver Futures Surge on Spot Demand - PTI
Mar 05, 2024 15:09
Silver prices rose in futures trade on Tuesday, driven by strong spot demand. Read more about the factors influencing silver prices on the Multi Commodity Exchange.
New Delhi, Mar 5 (PTI) Silver prices on Tuesday rose Rs 371 to Rs 73,838 per kilogram in futures trade as participants widened their bets on a firm spot demand.
On the Multi Commodity Exchange, silver contracts for May delivery increased Rs 371, or 0.5 per cent, to Rs 73,838 per kg in 561 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 0.13 per cent higher at USD 24.14 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.