MCX Silver Futures Hit New High of Rs 2.18 Lakh Per Kg

Silver futures surged on the Multi Commodity Exchange (MCX) due to fresh positions and a firm global trend. On August 3, silver for September delivery increased by Rs 1,156, or 0.53%, to Rs 2,18,354 per kilogram in a business turnover of 2,206 lots.

The rise in silver prices was driven by participants building up fresh positions, analysts said.

In the overseas market, Comex silver futures also rose, increasing 0.96% to USD 58.15 per ounce.