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Last Updated : May 15, 2019 02:07 PM IST | Source: PTI

Silver rises on positive global cues

On the Multi Commodity Exchange, silver for delivery in July contracts was trading higher by Rs 63, or 0.17 percent, to Rs 37,584 per kg in a business turnover of 21,816 lots.

Silver prices rose Rs 63 to Rs 37,584 per kg in futures trade Wednesday as speculators were engaged in raising bets tracking a firm trend in overseas market.

On the Multi Commodity Exchange, silver for delivery in July contracts was trading higher by Rs 63, or 0.17 percent, to Rs 37,584 per kg in a business turnover of 21,816 lots.

The white metal for delivery in September contracts rose by Rs 25, or 0.07 percent, to Rs 38,077 per kg in 922 lots.

Analysts said participants raised bets amid a firm trend overseas after US President Donald Trump hinted at the possibility of a trade deal with China in the future.

In the international market, silver rose 0.01 percent to USD 14.81 an ounce in New York.

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First Published on May 15, 2019 02:01 pm
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