Silver futures prices surge 0.24%

Silver prices spurted by Rs 144,or 0.24 per cent,to Rs 60,174 per kg in futures trade today.

Written by Agencies | New Delhi | Published: October 17, 2012 1:18 pm

Supported by a firm trend in global market on weakening dollar,silver prices spurted by Rs 144,or 0.24 per cent,to Rs 60,174 per kg in futures trade today as speculators enlarged their positions.

At the Multi Commodity Exchange,silver for delivery in December traded Rs 144,or 0.24 per cent higher at Rs 60,174 per kg,with a business turnover of 878 lots.

Likewise,the white metal for delivery in far-month March gained Rs 130,or 0.21 per cent,to Rs 61 ,902 per kg,with a business volume of 17 lots.

Marketmen said the rise in silver futures prices was in line with a firm global trend before European Union leaders hold a summit this week amid speculation that Spain may accept credit from a rescue fund,weakening the dollar,raising appeal for the precious metals as an alternative investment.

Globally,silver traded 0.6 per cent higher at USD 33.15 an ounce in Singapore. PTI

For all the latest News Archive News, download Indian Express App

    Live Cricket Scores & Results