Silver futures price rises 1.57 pct in futures trade

Silver futures prices on Tuesday spurted by 1.57 per cent to Rs 54,630 per kg as speculators created positions even as metal declined in Asian trade.

At the Multi Commodity Exchange,silver for delivery in September traded higher by Rs 843,or 1.57 per cent,to Rs 54,630 per kg in business turnover of 905 lots.

On the similar lines,the white metal for delivery in far-month December traded Rs 829,or 1.51 per cent,higher at Rs 55,660 per kg in a turnover of 91 lots.

Story continues below this ad

In the international market,silver,however,declined 1 per cent to USD 24.07 an ounce after climbing to USD 24.41 yesterday,the highest since May.

Market analysts said the rise in silver futures was mostly attributed to huge positions created by speculators but metal’s weakness overseas,capped the gains.

Afghanistan Taliban, pakistan-afghan-clash, Afghanistan, Taliban, Pakistan Taliban, Pakistan-Afghanistan ties, Pakistan-Afghanistan relations, negativity between Pakistan and Afghanistan, Indian express news, current affairs

Pakistan-Afghanistan ties: Past imperfect, present tense, future uncertain

Explained1 hr ago

Pakistan and Afghanistan have a long history of tension and conflict, stemming from border disputes and control over transit and trade. The Durand Line has been a major point of contention, dividing Pashtun tribes and causing resentment in Afghanistan.

View all shorts

Live Blog

PHOTOS