Diabytes
Silver rates move up in futures trade on global cues
Silver prices were marginally up by 0.08 percent to Rs 38,550 per kg in futures trading on Wednesday as participants built up fresh positions, tracking a better trend overseas.
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New Delhi: Silver prices were marginally up by 0.08 percent to Rs 38,550 per kg in futures trading on Wednesday as participants built up fresh positions, tracking a better trend overseas.
At the Multi Commodity Exchange, silver for delivery in March next year gained by Rs 29, or 0.08 percent to Rs 38,550 per kg in business turnover of 1,734 lots.
Likewise, the white metal for delivery in far-month May contracts traded higher by Rs 33, or 0.08 percent to Rs 39,162 per kg in 43 lots.
Market analysts said fresh positions built up by speculators buoyed by a firm global trend as declines in equity markets revived demand for the precious metals as a haven, supported the upside in silver prices at futures trade here.
Meanwhile, silver jumped 5.2 percent to USD 17.12 an ounce in New York on Tuesday.
At the Multi Commodity Exchange, silver for delivery in March next year gained by Rs 29, or 0.08 percent to Rs 38,550 per kg in business turnover of 1,734 lots.
Likewise, the white metal for delivery in far-month May contracts traded higher by Rs 33, or 0.08 percent to Rs 39,162 per kg in 43 lots.
Market analysts said fresh positions built up by speculators buoyed by a firm global trend as declines in equity markets revived demand for the precious metals as a haven, supported the upside in silver prices at futures trade here.
Meanwhile, silver jumped 5.2 percent to USD 17.12 an ounce in New York on Tuesday.
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