Silver Prices Edge Up on Fresh Position Building

Silver futures saw an increase in price due to fresh position building by participants. The silver futures for September delivery rose by Rs 222, amounting to 0.09% higher than before. This increase was observed in a total of 3,748 lots.

The rise in price is attributed to the fact that participants are building up new positions in silver, as stated by analysts. In contrast, the overseas market saw a decrease in silver futures, with prices decreasing by 0.19% to $68.86 per ounce.