Silver Prices Surge on Fresh Global Cues and Participant Bets
Silver futures rose by 0.53% to Rs 2.45 lakh per kg in futures trade, driven by strong global cues and fresh participant positions.
The September delivery of silver increased by Rs 1,284 in 1,093 lots, indicating a significant uptick in prices.
Analysts attribute the rise in silver prices to fresh bets being placed by participants, which has led to an increase in demand and subsequently higher prices.