Silver Futures Rally on MCX as Fresh Positions Boost Prices
New Delhi, February 25: Silver prices surged sharply in futures trading on Wednesday, climbing 3.07 per cent to Rs 2.68 lakh per kilogram amid renewed uncertainty surrounding US trade policy.On the Multi Commodity Exchange, silver contracts for March delivery advanced by Rs 8,011, or 3.07 per cent, to settle at Rs 2,68,755 per kilogram. The price movement was backed by a trading volume of 2,095 lots, reflecting active participation in the market.
Market analysts attributed the rise in silver prices to fresh positions built by participants, which added momentum to the upward move in the precious metal.
Comex Silver Gains Nearly 4% in Overseas Trade
In the international market, Comex silver futures also recorded strong gains. The metal rose by USD 3.28, or 3.77 per cent, to trade at USD 90.44 per ounce.The parallel rise in both domestic and global markets underscores heightened activity in the silver segment as traders respond to evolving trade developments and position adjustments.
Key Highlights
- Silver futures on MCX rise 3.07% to Rs 2,68,755 per kg
- March contract gains Rs 8,011 with 2,095 lots traded
- Comex silver climbs 3.77% to USD 90.44 per ounce
- Fresh positions drive the rally in precious metal prices
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