Silver prices rose by 1.17% to Rs 64,530 per kg in futures trade today as speculators created fresh positions, taking positive cues from Asian markets.
At the Multi Commodity Exchange, silver for December delivery rose by Rs 644, or 1.17%, to Rs 64,530 per kg, with a trade volume of 3,006 lots.
Similarly, for delivery in March moved up by Rs 734, or 1.13%, to Rs 65,975 per kg, with a trade turnover of 55 lots.
Market analysts said the rise in silver futures was mostly in line with a firm trend on the other Asian markets as euro debt crisis boosted demand for the precious metal as an alternative investment.
In the Asian region, silver climbed one% to $40.69 an ounce in the morning trade today, rebounding from a two-day fall.
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