Silver Futures Surge on Spot Demand | MCX
Silver prices on the Multi Commodity Exchange (MCX) rose on Wednesday, driven by strong spot demand and a positive domestic trend. Read more.
New Delhi, Oct 9 (PTI) Silver prices on Wednesday rose Rs 414 to Rs 89,143 per kilogram as participants widened their bets on a firm spot demand.
On the Multi Commodity Exchange, silver contracts for December delivery increased Rs 414 or 0.47 per cent to Rs 89,143 per kg in a business turnover of 28,226 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 0.72 per cent higher at USD 30.82 per ounce in New York.
On the Multi Commodity Exchange, silver contracts for December delivery increased Rs 414 or 0.47 per cent to Rs 89,143 per kg in a business turnover of 28,226 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 0.72 per cent higher at USD 30.82 per ounce in New York.
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