Silver futures gain on firm spot demand
On MCX, silver for May delivery gained by Rs 310 to Rs 66,438 per kg.
By PTI |
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NEW DELHI: Silver prices rose by Rs 310 to Rs 66,438 per kg in futures trade on Tuesday as participants widened their bets on a firm spot demand.
On the Multi Commodity Exchange, silver contracts for May delivery gained Rs 310, or 0.47 per cent, to Rs 66,438 per kg in 9,365 lots.
Analysts said the rise in silver prices was mostly due to fresh positions built by participants on a positive domestic trend.
However, globally silver was trading 0.11 per cent lower at USD 24.84 per ounce in New York.
On the Multi Commodity Exchange, silver contracts for May delivery gained Rs 310, or 0.47 per cent, to Rs 66,438 per kg in 9,365 lots.
Analysts said the rise in silver prices was mostly due to fresh positions built by participants on a positive domestic trend.
However, globally silver was trading 0.11 per cent lower at USD 24.84 per ounce in New York.
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