New Delhi, April 1 — Silver prices witnessed a marginal uptick on Tuesday, climbing by ₹59 to settle at ₹1,00,124 per kilogram on the Multi Commodity Exchange (MCX), as traders ramped up their positions.
The May delivery contracts on MCX rose by 0.06%, backed by a trading volume of 20,704 lots. According to analysts, the price surge was primarily driven by fresh positions built by market participants, reflecting renewed investor interest.
However, despite the domestic gain, silver prices on the global front showed a contrasting trend. In New York, the white metal was trading 0.53% lower at USD 33.90 per ounce.
The slight divergence between domestic and international trends suggests localized speculative activity was a key contributor to Tuesday's price movement in India.
