Silver Futures Surge on Spot Demand - PTI
By Rediff Money Desk, New Delhi Sep 12, 2024 12:36
Silver futures prices climbed on the Multi Commodity Exchange, driven by strong spot demand and positive domestic trends. Global silver prices also rose.
![Silver Futures Surge on Spot Demand - PTI](https://im.rediff.com/money/2018/oct/31silver.jpg)
New Delhi, Sep 12 (PTI) Silver prices on Thursday jumped Rs 379 to Rs 84,829 per kilogram in futures trade as participants widened their bets on a firm spot demand.
On the Multi Commodity Exchange, silver contracts for December delivery increased Rs 379 or 0.45 per cent to Rs 84,829 per kg in 30,156 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 0.63 per cent higher at USD 29.11 per ounce in New York.
On the Multi Commodity Exchange, silver contracts for December delivery increased Rs 379 or 0.45 per cent to Rs 84,829 per kg in 30,156 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 0.63 per cent higher at USD 29.11 per ounce in New York.
Source: PTI
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
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Vodafone Idea L
- 13.59 (+ 3.42)
- 38416792
- GTL Infrastructure
- 2.58 ( -1.15)
- 27328260
- Suzlon Energy Ltd.
- 81.68 ( -0.33)
- 25657274
- Rajnish Wellness
- 3.38 ( -2.03)
- 20470495
- Srestha Finvest
- 1.79 ( -0.56)
- 15688265
MORE NEWS
![India to Drive...](https://im.rediff.com/80-80/money/2020/apr/15india-economy3.jpg)
India to Drive 20% of Global Growth in Next...
India's G20 Sherpa Amitabh Kant predicts India will drive 20% of global economic growth...
US Companies Face Record Low Profits in China:...
US companies in China are reporting record-low profits due to geopolitical tensions, a...
Essar Energy Transition Appoints Ruth Herbert...
Essar Energy Transition (EET) has appointed Ruth Herbert as Managing Director, Business...