 "Silver futures up 0.9% on global cues")
Silver prices climbed 0.97% to Rs 42,410 per kg in futures trade today as participants engaged in creating speculative positions on a firming trend in the precious metal overseas.
At the Multi Commodity Exchange, silver for delivery in September traded higher by Rs 408, or 0.97%, to Rs 42,410 per kg in a business turnover of 72 lots.
On similar lines, the metal for delivery in July traded higher by Rs 375, or 0.90%, to Rs 42,250 per kg in a turnover of 689 lots.
Market analysts attributed the gains in silver prices at futures trade to a firming trend overseas as escalating violence in Iraq boosted demand for the precious metal as a safe-haven.
At the Multi Commodity Exchange, silver for delivery in September traded higher by Rs 408, or 0.97%, to Rs 42,410 per kg in a business turnover of 72 lots.
On similar lines, the metal for delivery in July traded higher by Rs 375, or 0.90%, to Rs 42,250 per kg in a turnover of 689 lots.
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In the international market, silver added one% to trade at $19.88 an ounce in Singapore, the highest level since May 14.
Market analysts attributed the gains in silver prices at futures trade to a firming trend overseas as escalating violence in Iraq boosted demand for the precious metal as a safe-haven.