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BW Businessworld

Silver Futures Rise On Spot Demand

Silver contracts for the December delivery gained Rs 392, or 0.64 per cent, to Rs 61,469 per kg in 13,162 lots.

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1594205383_DzN910_black_and_silver_beads_on_white_surface.jpg

Silver prices rose Rs 392 to Rs 61,469 per kg in the futures trade on Friday as participants widened their bets on a firm spot demand.

On the Multi Commodity Exchange, silver contracts for the December delivery gained Rs 392, or 0.64 per cent, to Rs 61,469 per kg in 13,162 lots.

Analysts said the rise in silver prices was mostly due to fresh positions built by participants on a positive domestic trend.

Globally, silver was trading 0.99 per cent higher at USD 23.02 per ounce in New York.

(PTI)


Tags assigned to this article:
silver Spot Demand