Silver up on global cues

Silver prices rose Rs 225 to Rs 43,988 per kg in futures trading today as speculators created fresh positions buoyed by a firm global trend.
    
At the Multi Commodity Exchange, silver for delivery in July traded Rs 225, or 0.51%, higher at Rs 43,988 per kg in business turnover of 1,148 lots.
    
Likewise, silver for delivery in the September contract traded higher by Rs 222, or 0.50%, to Rs 44,637 per kg in 50 lots.
    

Market analysts said fresh positions built up by speculators buoyed by a firm global trend as equities retreated and the dollar's rally halted, boosting demand for the metals as a store of value.

     
Meanwhile, silver rose 0.3% to $22.62 an ounce in Singapore.