New Delhi, February 24: Silver prices in India witnessed a marginal uptick in futures trading on Tuesday, supported by rising global uncertainties linked to fresh tariff threats from US President Donald Trump.
On the Multi Commodity Exchange, silver contracts for March delivery climbed Rs 252, or 0.09 percent, to trade at Rs 2,65,585 per kilogram. The contract recorded a trading volume of 6,002 lots during the session.
Comex Silver Gains Over 1.5 Percent
In the international market, Comex silver futures rose sharply by USD 1.3, or 1.52 percent, reaching USD 87.8 per ounce. The rally in overseas prices lent support to domestic silver futures.Trump Tariff Threats Lift Bullion Sentiment
Silver prices strengthened after US President Donald Trump threatened to raise tariffs from 10 percent to 15 percent following a Supreme Court ruling. The 10 percent tariff is set to come into effect from Tuesday.Market participants tracked the developments closely as shifting trade policy signals raised concerns over potential disruptions to existing trade agreements. Although major trading partners have maintained their current arrangements with Washington so far, the possibility of higher duties has fueled uncertainty in global markets.
Trump also warned of imposing higher duties on countries that “play games” with existing trade arrangements, further adding to volatility across commodity markets.
Silver Futures Supported by Global Volatility
The combination of higher international prices and geopolitical trade concerns contributed to the modest gains in domestic silver futures. Traders are monitoring global trade developments, as tariff-related tensions continue to influence bullion market sentiment.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.