Silver Prices Surge on MCX Amid Global Trend
Silver prices in India's futures market saw an uptick on Monday, as they surged by 1.09% to Rs 2.33 lakh per kg for September delivery on the Multi Commodity Exchange (MCX). This increase was driven by fresh positions being built up by participants, according to analysts.
The price of silver in the overseas market also saw a slight rise, increasing by 0.41% to USD 63.81 per ounce. The firm global trend is likely contributing to this upward movement in prices.