Silver futures gain 0.57% on firm global cues

Silver prices moved up by 0.57 per cent to Rs 41,062 per kg in futures market today as traders raised bets amid a firm trend in precious metals overseas.
At the Multi Commodity Exchange, silver for delivery in far-month May rose by Rs 232, or 0.57 per cent, to Rs 41,062 per kg, in a business turnover of two lots.
Likewise, the white metal for delivery in March was trading higher by Rs 218, or 0.54 per cent, to Rs 40,485 per kg in 679 lots.
Market analysts said fresh positions built by participants in line with a firm trend in global markets for precious metals influenced silver prices at the futures trade.

Meanwhile, silver rose 0.95 per cent to USD 16.56 an ounce in Singapore.