Silver futures climb Rs 234 on firm global cues

Silver prices went up by Rs 234 to trade at Rs 47,247 per kg in futures trade today as participants indulged in enlarging positions amid a firm trend in precious metals overseas.
In futures trade, silver for delivery in December was up by Rs 234 or 0.50 per cent at Rs 47,247 per kg at the Multi Commodity Exchange in a business turnover of 385 lots.
Likewise, the white metal for delivery in March next year spurted Rs 222 or 0.46 per cent to Rs 48,206 per kg in one lot.
Analysts said widening of positions by speculators in step with a firm trend in global markets influenced silver prices at futures trade.

Meanwhile, silver was up 0.46 per cent to USD 19.84 an ounce in Singapore today.