Silver Futures Rise on Spot Demand - PTI
Silver prices rose on Thursday due to increased spot demand, with futures contracts on the Multi Commodity Exchange increasing by Rs 4 per kg. Global silver prices also saw gains.
New Delhi, Aug 8 (PTI) Silver prices on Thursday marginally rose Rs 4 to Rs 78,904 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 4 or 0.01 per cent to Rs 78,904 per kg in 29,727 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 0.26 per cent higher at USD 26.88 per ounce in New York.
On the Multi Commodity Exchange, silver contracts for September delivery increased Rs 4 or 0.01 per cent to Rs 78,904 per kg in 29,727 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 0.26 per cent higher at USD 26.88 per ounce in New York.
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