Silver futures inch higher on firm global cues
- Country:
- India
Silver prices rose by Rs 60 to Rs 37,064 per kg in futures trade today as the metal gained in global markets amid geopolitical tensions.
In futures trade at the Multi Commodity Exchange, silver for delivery in September gained Rs 60, or 0.16 percent, to Rs 37,064 per kg in a business turnover of 114 lots.
The metal for delivery in December too was trading higher by Rs 49, or 0.13 percent, to Rs 37,872 per kg in 9 lots.
Market analysts said participants built up positions amid a firm global trend as dollar's weakness raised demand for the precious metals as the safe-haven asset.
Meanwhile, silver surged 0.27 percent to USD 14.81 an ounce in Singapore.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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