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HindustanTimes Thu,23 Oct 2014

Silver rates move up in futures trade on global cues

PTI  New Delhi, August 26, 2014
First Published: 14:31 IST(26/8/2014) | Last Updated: 14:37 IST(26/8/2014)

Silver prices were up by Rs. 178 at Rs. 42,099 per kg in futures trading on Tuesday as participants built up fresh positions buoyed by a firm global trend.

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At the multi commodity exchange, silver for delivery in September gained by Rs. 178, or 0.42% to Rs. 42,099 per kg in business turnover of 565 lots.

Likewise, the white metal for delivery in far-month December contracts traded higher by Rs. 175, or 0.41% to Rs. 42,851 per kg in 53 lots.

Market analysts said fresh positions built up by speculators buoyed by a firm global trend, influenced precious metal prices at futures trade.

Meanwhile, silver rose by 0.59% to USD 19.46 an ounce in Singapore.


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