Silver Futures Climb to ₹2.53 Lakh per Kg Amid US Trade Policy Uncertainty
Silver futures rise to Rs 2.53 lakh/kg
The Economic Times
Image: The Economic Times
Silver futures rose by 0.82% to reach ₹2,53,800 per kilogram on the Multi Commodity Exchange, driven by renewed uncertainty surrounding US trade policy. Analysts noted that fresh positions taken by market participants contributed to this increase.
- 01Silver futures increased by 0.82% to ₹2,53,800 per kg.
- 02The rise is attributed to uncertainty over US trade policy.
- 03Fresh positions by market participants contributed to the price increase.
- 04In the overseas market, Comex silver futures rose by 1.84% to USD 90.44 per ounce.
- 05The business turnover on the Multi Commodity Exchange was 2,095 lots.
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On Thursday, silver prices in futures trade rose by 0.82%, reaching ₹2,53,800 per kilogram on the Multi Commodity Exchange. This increase was influenced by renewed uncertainty regarding US trade policy, prompting market participants to build fresh positions. The rise in silver prices was also reflected in the overseas market, where Comex silver futures increased by 1.84% to USD 90.44 per ounce. The trading session saw a business turnover of 2,095 lots, indicating active participation in the market.
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The rise in silver prices may affect consumers looking to purchase silver jewelry or investment products, potentially leading to higher costs.
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