1 week ago
Silver Futures Rise on Firm Global Trend and Fresh Positions
Silver prices went up in futures trading.
Futures are contracts to buy or sell something later.
The September silver contract increased by Rs 2,369.
Its price reached Rs 2.45 lakh per kilogram.
Trading involved 2,663 lots.
Analysts said more participants created fresh positions, helping prices rise.
Silver prices also increased in overseas markets.
There, silver futures reached $68.95 per ounce.
Silver prices rose 0.97% to Rs 2.45 lakh per kg in futures trading.
September-delivery silver gained Rs 2,369, with business turnover of 2,663 lots.
Analysts attributed the increase to participants building fresh positions.
Silver futures also rose 1.28% overseas to $68.95 per ounce.
The domestic gain came amid a firm global trend.
- Who
- Silver futures and market participants; analysts provided the explanation for the rise.
- What
- Silver futures prices increased in domestic and overseas trading.
- Where
- In the domestic futures trade and overseas markets.
- When
- The article does not state a calendar date; it refers to September-delivery contracts.
- Why
- Analysts said participants built fresh positions, while global trading showed a firm trend.
Key facts
- Domestic price
- Rs 2.45 lakh per kg
- Domestic change
- Up 0.97%, or Rs 2,369
- Contract
- September delivery
- Business turnover
- 2,663 lots
- Overseas price
- $68.95 per ounce
- Overseas change
- Up 1.28%
- Stated driver
- Fresh positions built by participants
