 "Silver futures rise on firm global cues")
Silver prices rose marginally to Rs 37,596 per kg in futures trading today as speculators widened positions amid a firming trend in precious metals overseas.
At the Multi Commodity Exchange, silver for delivery in December was trading higher by Rs 21, or 0.06%, at Rs 37,596 per kg in business turnover of 2,054 lots.
Likewise, the white metal for delivery in March gained Rs 19, or 0.05%, to Rs 38,295 per kg in 31 lots.
Meanwhile, silver was up 0.22% at $16.16 an ounce in Singapore.
At the Multi Commodity Exchange, silver for delivery in December was trading higher by Rs 21, or 0.06%, at Rs 37,596 per kg in business turnover of 2,054 lots.
Likewise, the white metal for delivery in March gained Rs 19, or 0.05%, to Rs 38,295 per kg in 31 lots.
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Market analysts said positions enlarged by speculators in tandem with a firming trend in the precious metals overseas on speculation that the US Federal Reserve will delay hike in interest rates and weakening dollar, influenced silver prices at futures trade.
Meanwhile, silver was up 0.22% at $16.16 an ounce in Singapore.
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