Silver futures were trading higher in the domestic market on Monday taking positive cues from the global market. Market analysts said a firm trend in precious metals in global market mainly attributed to the rise in silver prices at the futures trade.
At the MCX, silver futures for July 2018 contract closed at Rs 39,933 per kg, up by 0.50 per cent, after opening at Rs 39,866 against a previous close of Rs 39,734. It touched the intra-day high of Rs 40,050.
Lead futures were trading higher during the afternoon trade in the domestic market on Monday as participants created fresh positions, taking positive cues from spot market on pick-up in demand. Marketmen said building up of positions by traders backed by upsurge in demand from battery-makers at domestic spot market, supported the upside in lead prices at futures trade.
At the MCX, lead futures for May 2018 contract is trading at Rs 156.50 per kg, up by 0.61 per cent, after opening at Rs 156.30, against a previous close of Rs 155.55. It touched the intra-day high of Rs 156.80.
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