White metal regains sheen on global cues

White metal regains sheen on global cues

07/10/2016 15:33

Silver futures were trading higher during the afternoon trade in the domestic market on Friday as investors and speculators widened their positions in the precious metals amid a firm trend in global markets.

Further, building up of positions by participants tracking a slightly better trend in global markets for precious metals, supported prices for silver at futures trade.

At the MCX, silver futures for December 2016 contract is trading at Rs 41725 per kg, up by 0.49 per cent, after opening at Rs 41625, against a previous close of Rs 41521. It touched the intra-day high of Rs 41827 (at 15:27 hours).

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