Silver Futures Surge to ₹2.49 Lakh per Kg Amid Market Uncertainty
Silver futures rise to Rs 2.49 lakh per kg
News 18
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Silver futures rose by 2.08% to reach ₹2.49 lakh (approximately $3,000 USD) per kilogram on the Multi Commodity Exchange in India. This increase is attributed to fresh positions taken by market participants and uncertainty surrounding peace deals in West Asia.
- 01Silver prices increased by 2.08% to ₹2.49 lakh per kg.
- 02The rise is linked to market uncertainty over West Asia peace negotiations.
- 03On the Multi Commodity Exchange, silver for May delivery saw a gain of ₹5,101.
- 04Overseas, Comex silver futures rose by 2.36% to $78.29 per ounce.
- 05A total of 5,702 lots were traded during this period.
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On April 22, silver futures traded on the Multi Commodity Exchange in India saw a notable increase of 2.08%, reaching ₹2.49 lakh (approximately $3,000 USD) per kilogram. This rise, attributed to fresh positions taken by market participants, reflects growing interest amid ongoing uncertainty related to peace negotiations in West Asia. The white metal for May delivery gained ₹5,101, with a total trading volume of 5,702 lots. In the international market, Comex silver futures also experienced an uptick, rising 2.36% to $78.29 per ounce, indicating a broader trend in silver prices globally.
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The rise in silver prices could impact consumers looking to purchase silver for jewelry or investment, potentially increasing costs for buyers.
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