Silver futures rise nearly 1% to $2.29 lakh/kg

Silver prices rose 0.88 per cent to ₹2,29,951 per kg in futures trade on Monday amid global uncertainties.

On the Multi Commodity Exchange, the price of the white metal for May delivery increased by ₹1,997, or 0.88 per cent, to ₹2,29,951 per kg in a business turnover of 1,327 lots.

Fresh positions built up by participants led to a rise in silver prices, analysts said.

In the overseas market, Comex silver futures increased $0.92 or 1.32 per cent, to $70.68 per ounce.

Source

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