Taking positive cues from overseas markets, silver prices traded higher by 0.12 per cent to Rs 38,827 per kg in futures market today as participants raised bets.
At the Multi Commodity Exchange, silver for delivery in July rose by Rs 48, or 0.12 per cent, to Rs 38,827 per kg in business turnover of 268 lots.
In a similar fashion, the white metal for delivery in May contracts was trading higher by Rs 43, or 0.11 per cent, to Rs 38,800 per kg in 178 lots.
Traders said widening of positions by participants on the back of a firm trend overseas led to rise in silver prices in futures trade.
Globally, silver rose 0.15 per cent to USD 16.53 an ounce in Singapore today.
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