Silver Futures Surge on Spot Demand - PTI
Silver prices jumped on the Multi Commodity Exchange (MCX) on Thursday, driven by increased spot demand and a positive domestic trend. Global silver prices also rose.
New Delhi, Aug 1 (PTI) Silver prices on Thursday jumped Rs 469 to Rs 84,065 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 469 or 0.56 per cent to Rs 84,065 per kg in 26,404 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 0.32 per cent higher at USD 29.03 per ounce in New York.
On the Multi Commodity Exchange, silver contracts for September delivery increased Rs 469 or 0.56 per cent to Rs 84,065 per kg in 26,404 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 0.32 per cent higher at USD 29.03 per ounce in New York.
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