Thursday, October 13, 2016

White metal up on strong global cues

Silver futures closed high in the domestic market on Wednesday as participants widened their positions, tracking a firm trend in global market.

Analysts attributed the hike in silver prices at the futures trade to expanding of positions by speculators, tracking a strong trend in precious metals overseas.

At the MCX, silver futures for December 2016 contract closed at Rs 42,100 per kg, upward by 0.24 per cent, after opening at Rs 41,867, against a previous close of Rs 41,998. It touched the intra-day higher of Rs 42,150.

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