ALSO READSingapore, global economy will be able adjust to Fed hikes - MAS HPCL to sell $500-mn bonds in dollar debt mkt, despite high interest rates Gold rates up on sustained buying by jewellers; silver slips Gold futures fall Rs 51 on weak global cues Gold dips below Rs 29,000 on weak global cues, low demand
Silver prices were trading up by Rs 41 to Rs 37,009 per kg in futures trade today after participants raised bets amid firming global trends. At the Multi Commodity Exchange, silver for delivery in September was trading up by Rs 41, or 0.11 per cent, to Rs 37,009 per kg in a business turnover of 472 lots. Similarly, the white metal for delivery in December traded higher by Rs 38, or 0.10 per cent, to Rs 37,659 per kg in a business volume of one lot. Analysts attributed the rise in silver prices at futures trade to a firming trend in the precious metal overseas as dollar's safe-haven appeal weakened after the US Federal Reserve reiterated a call for gradual approach to raising interest rates. Globally, silver traded 0.13 per cent higher at USD 15.92 an ounce in Singapore.