India, March 26 -- Silver prices surged INR 12,861 to INR 2.36 lakh per kilogram in futures trade on Wednesday tracking a weak US dollar and easing inflation fears following a correction in crude.Ending a 10-day rout, the white metal for May delivery soared INR 12,861, or nearly 6 per cent, to INR 2,36,802 per kilogram on the Multi Commodity Exchange.Analysts said the sharp rebound in silver was largely driven by a bullish sentiment in precious metals in the overseas markets and a weak US dollar."Silver's sharp rebound on Wednesday were driven by a softer US dollar and easing inflation concerns as crude oil prices corrected," Hareesh V, Head of Commodity Research, Geojit Investments Ltd, said.
He added that the pullback in energy markets...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.