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Silver futures up on spot demand

September 29, 2020 by admin 0 Comments

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New Delhi: Silver prices on Tuesday rose by Rs 330 to Rs 60,726 per kg in futures trade as participants widened their bets on firm spot demand. On the Multi Commodity Exchange, silver contracts for December gained Rs 330, or 0.55 per cent, to Rs 60,726 per kg in 16,371 lots.

Analysts said the rise in silver prices was mostly due to fresh positions built up by participants on a positive domestic trend.

Silver was trading 0.62 per cent up at USD 23.75 per ounce in New York.

This article was originally published by Indiatimes.com. Read the original article here.