Silver Prices Surge on Spot Demand
Silver futures rose on Thursday, driven by increased spot demand. The price gained Rs 178 per kg to reach Rs 89,050 per kg on the Multi Commodity Exchange.
New Delhi, Oct 10 (PTI) Silver prices on Thursday rose Rs 178 to Rs 89,050 per kilogram as participants widened their bets on a firm spot demand.
On the Multi Commodity Exchange, silver contracts for December delivery increased Rs 178 or 0.2 per cent to Rs 89,050 per kg in a business turnover of 28,838 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 0.09 per cent higher at USD 30.52 per ounce in New York.
On the Multi Commodity Exchange, silver contracts for December delivery increased Rs 178 or 0.2 per cent to Rs 89,050 per kg in a business turnover of 28,838 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 0.09 per cent higher at USD 30.52 per ounce in New York.
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