Silver price rises to ₹2.24 lakh per kg in futures trade
Fresh positions built by participants led to a rise in silver prices, analysts say
Silver prices climbed 1.64 percent to ₹2.24 lakh per kilogram in futures trade on Friday, reflecting an uptrend globally. On the Multi Commodity Exchange, the white metal for December delivery increased by ₹3,626, or 1.64 percent, reaching ₹2,24,859 per kilogram amid a turnover of 3,125 lots. Fresh positions placed by market participants contributed to the rise in silver prices, according to analysts. Overseas, silver futures surged 2.16 percent to $60.44 per ounce.
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