Silver futures rise on spot demand
Silver prices on Friday jumped Rs 988 to Rs 71,970 per kilogram in futures trade as participants widened their bets on a firm spot demand.
Published Date - 15 September 2023, 04:20 PM
New Delhi: Silver prices on Friday jumped Rs 988 to Rs 71,970 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 gained Rs 988 or 1.39 per cent to Rs 71,970 per kg in 18,030 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 1.37 per cent higher at USD 23.31 per ounce in New York.
