Silver futures climb 0.41 pc on firm global cues

Silver prices rose by 0.41 per cent to Rs 38,039 per kg in futures trading today as participants widened their bets amid a firming trend in precious metals overseas.

At the Multi Commodity Exchange, silver for delivery in September month gained Rs 156, or 0.41 per cent to Rs 38,039 per kg in business turnover of 858 lots.

Likewise, the white metal for delivery in December contract was trading higher by Rs 142, or 0.37 per cent to Rs 38,880 per kg in 49 lots.

Analysts said expanding of positions by participants in line with a firming global trend influenced silver prices at futures trade.

Meanwhile, silver was up 0.39 per cent at USD 15.40 an ounce in Singapore.