Silver Futures Surge on Strong Demand

By By Rediff Money Desk, New Delhi
Aug 14, 2024 13:12
Silver prices jumped in India's futures market on Wednesday, driven by increased demand. The rise was supported by a positive domestic trend and global silver trading higher.
New Delhi, Aug 14 (PTI) Silver prices on Wednesday jumped Rs 510 to Rs 81,559 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 510 or 0.63 per cent to Rs 81,559 per kg in 28,908 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 0.61 per cent higher at USD 27.96 per ounce in New York.
Source: PTI
Read More On:
multi commodity exchangespot demandsilver futuressilver pricessilver 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

IREDA to Raise Rs...
IREDA to Raise Rs 5,000 Cr via QIP for Green...

IREDA's board approves a plan to raise up to Rs 5,000 crore through QIP to support the...

CCPA Investigates...
CCPA Investigates Ola, Uber for Differential...

India's Consumer Protection Authority (CCPA) is investigating ride-hailing services Ola...

Amazon Web...
Amazon Web Services to Invest Rs 60,000 Cr in...

Amazon Web Services (AWS) will invest Rs 60,000 crore to expand its data center...

Adani Infra to Acquire Majority Stake in PSP...

Adani Infra, led by Gautam Adani, seeks CCI approval to acquire a majority stake in PSP...

Crude Oil Futures Fall on Weak Global Demand

Crude oil futures declined on the Multi Commodity Exchange (MCX) due to weak global...

Budget 2026: Barclays Urges Tax Cuts for...

Barclays recommends a personal income tax cut in India's FY26 budget to stimulate...

Coforge Q3 Profit Up 10.3% to Rs 268 Cr |...

Coforge's adjusted PAT surged 10.3% to Rs 268 crore in Q3, driven by strong revenue...

Paras Defence to Invest Rs 12,000 Cr in India's...

Paras Defence will invest Rs 12,000 crore to build India's first optics park in...

Ayushmann Khurrana: FICCI Frames Brand...

Bollywood star Ayushmann Khurrana has been appointed as the brand ambassador for FICCI...

India Employers Face Talent Shortage in Q1...

A new survey reveals Indian employers are anticipating cautious hiring in Q1 2025 due...

Read More »

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