Silver prices surge Rs 682 to Rs 81,225 per kg on strong spot demand
On the Multi Commodity Exchange, September silver contracts rose by Rs 682, or 0.85%, to Rs 81,225 per kg in 28,366 lots. Analysts attributed the price increase to new positions taken by participants in response to a positive domestic trend.
New Delhi: Silver prices on Monday jumped Rs 682 to Rs 81,225 per kilogram in futures trade as participants widened their bets on a firm spot demand.
On the Multi Commodity Exchange, silver contracts for September delivery increased Rs 682 or 0.85 per cent to Rs 81,225 per kg in 28,366 lots.
Analysts said the rise in silver prices was mainly due to fresh positions built up by participants on a positive domestic trend.
Globally, silver was trading 0.80 per cent higher at USD 27.81 per ounce in New York.
