Silver futures climb 2.7% on firm global cues

Silver prices jumped Rs 836, or 2.66%, to Rs 43,834 per kg in futures trading today as precious metals rebounded in global markets.

     

At the Multi Commodity Exchange, silver for delivery in September traded Rs 836, or 2.66%, higher at Rs 43,834 per kg in business turnover of 28,800 lots.

    

Likewise, the white metal for delivery in December traded higher by Rs 1,148, or 2.64%, to Rs 44,680 per kg in 171 lots.

     

Market analysts said fresh positions created by speculators largely in tandem with a rebound in the global market following robust physical demand, influenced silver prices at futures trade.

    

Meanwhile, in Singapore silver climbed 3.5% to $21.28 an ounce, the highest price since June 20.