Silver futures up by 0.7% on firm global cues
Participants indulged in enlarging positions amid a firm trend in precious metals overseas
Press Trust of India New Delhi Silver prices went up by Rs 248 to trade at Rs 37,520 per kg in futures trading today as participants indulged in enlarging positions amid a firm trend in precious metals overseas.
In futures trading, silver for delivery in December was up by Rs 248, or 0.67%, at Rs 37,520 per kg at the Multi Commodity Exchange, in a business turnover of 827 lots.
Likewise, the white metal for delivery in far-month March 2016 spurted Rs 227, or 0.60%, to Rs 38,227 per kg in two lots.
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 0.69% to $16.02 an ounce in Singapore today.