Precious Metals
In a range-bound movement, silver prices edged higher by Rs 53 to Rs 42,667 per kg in futures trading today as speculators created fresh positions, tracking a firming global trend.
At the Multi Commodity Exchange, silver for delivery in September traded higher by Rs 53, or 0.12 per cent, to Rs 42,720 per kg in a business turnover of 232 lots.
Likewise, the white metal for delivery in far-month December traded higher by Rs 263, or 0.06 per cent, to Rs 43,410 per kg in three lots.
Market analysts said fresh positions built up by speculators buoyed by a better trend in the precious metals overseas mainly pushed up silver prices at futures trade.
Meanwhile, silver added 0.30 per cent to USD 19.68 an ounce in Singapore
D A I L Y B U Z Z
SILVERIn a range-bound movement, silver prices edged higher by Rs 53 to Rs 42,667 per kg in futures trading today as speculators created fresh positions, tracking a firming global trend.
At the Multi Commodity Exchange, silver for delivery in September traded higher by Rs 53, or 0.12 per cent, to Rs 42,720 per kg in a business turnover of 232 lots.
Likewise, the white metal for delivery in far-month December traded higher by Rs 263, or 0.06 per cent, to Rs 43,410 per kg in three lots.
Market analysts said fresh positions built up by speculators buoyed by a better trend in the precious metals overseas mainly pushed up silver prices at futures trade.
Meanwhile, silver added 0.30 per cent to USD 19.68 an ounce in Singapore
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