New Delhi, June 1: Silver prices witnessed a modest uptick in futures trade on Monday, supported by renewed buying interest and global market uncertainty linked to geopolitical tensions in West Asia.
On the Multi Commodity Exchange (MCX), silver futures for July delivery rose by 0.19 per cent, or ₹502, to reach ₹2,67,500 per kilogram. Trading activity was recorded across 590 lots during the session.
Market participants attributed the upward movement to fresh position-building by investors, reflecting cautious sentiment in global commodity markets.
Analysts noted that safe-haven demand typically supports precious metals like silver during periods of geopolitical uncertainty, contributing to price stability and occasional upward movement.
Overall, sentiment in the bullion market remained steady, with silver continuing to track global cues and investor positioning in response to evolving international developments.