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25/04/2011 00:00 AST
Extending its record-breaking rally, silver futures prices went up by Rs 854 to trade at yet another high of Rs 76,752 per kg largely on the back of a firming global trend.
Firming trend at the domestic spot market on the back of festive season demand also influenced silver prices at the futures trade here.
At the Multi Commodity Exchange, silver for delivery in December surged by Rs 854 to hit a fresh high of Rs 76,752 per kg with a trade volume of 235 lots. Similarly, the metal for delivery in July gained Rs 862 to Rs 74,560 per kg with a business turnover of 8,598 lots.
Market analysts said continued buying by speculators on the back of a rising global trend, where the precious metal zoomed to a fresh 31-year high, buoyed by weak dollar and increasing tension in the Middle East and North Africa, boosting the demand.
Meanwhile, silver climbed to $48.81 an ounce in the Asian region.
The Hindu Business Line
| Ticker | Price | Volume |
|---|
| (In US Dollar) | Change | Change(%) | |
|---|---|---|---|
| Gold | 4,065.89 | -10.94 | -0.27 |
| Silver | 50.04 | -0.64 | -1.26 |
| Platinum | 1,517 | 0.0000 | 0.0000 |
| Palladium | 1,380 | -7.5 | -0.54 |
05/12/2025
Gold buyers in the UAE may need to prepare for much higher prices over the next two years. A new forecast from Deutsche Bank says gold could rise "close to $5,000 per ounce" in 2026 - equal to about
Gulfnews
04/12/2025
Gold prices in Dubai held steady for the second consecutive session on Thursday, with 24-karat gold trading at Dh507 per gram and 22-karat at Dh469.50. This stability comes amid a broader market narr
Gulfnews
03/12/2025
Gold prices fell 1% on Tuesday, pressured by rising US Treasury yields and profit-booking following a six-week high hit in the prior session, while silver pulled back from its record high hit the pre
Asharq Al Awsat
03/12/2025
Gold bounced across the UAE on Wednesday, reversing a softer Tuesday that had briefly offered retail buyers an improved entry point. Prices in Dubai climbed for a second session in step with global
Gulfnews
02/12/2025
Gold prices steadied after hitting a six-week high on Monday as risk-off sentiment set the tone, with investors focused on a potential US rate cut later this month, while silver scaled a record high.
Asharq Al Awsat
Financial Information Co.
Saudi Arabia