Free Press Journal

Silver futures gain 0.64% on overseas trend


New Delhi:Silver prices rose 0.64 per cent in the evening session of futures trading today at Rs 44,456 per kg as speculators created fresh positions amid a firm global trend.

At the Multi Commodity Exchange, silver for delivery in September rose by Rs 284, or 0.64 per cent, to Rs 44,456 per kg in a business turnover of 393 lots.

In a similar fashion, the white metal for delivery in December moved up by Rs 236, or 0.53 per cent, to Rs 45,093 per kg in 21 lots.

Market analysts said fresh positions built up by speculators amdist a firming global trend as tension over Ukraine and in the Middle East increased demand for a haven, mainly influenced the silver prices at futures trade.

Trading for morning session remained closed on account of “Id-ul-Fitr”.

Meanwhile, silver rose 0.6 per cent to USD 20.71 an ounce in London.