Silver Futures Surge on Strong Demand
May 24, 2024 13:17
Silver prices rose in India's futures market on Friday, driven by increased demand. The rise follows a positive domestic trend and higher global silver prices.
New Delhi, May 24 (PTI) Silver prices on Friday climbed Rs 531 to Rs 90,968 per kilogram in futures trade as participants widened their bets on a firm spot demand.
On the Multi Commodity Exchange, silver contracts for July delivery increased Rs 531 or 0.59 per cent to Rs 90,968 per kg in 25,190 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 higher 0.59 per cent at USD 30.64 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.