Silver futures soar Rs 76 on firm global cues

Silver prices were higher by Rs 76 to Rs 39,122 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 far-month September was trading higher by Rs 76, or 0.19 per cent, at Rs 39,122 per kg, in a business turnover of 175 lots.

Analysts said bets enlarged by speculators in tandem with a firming trend in precious metals overseas, influenced silver prices at futures trade.

Meanwhile, silver was up 0.16 per cent at USD 15.81 an ounce in Singapore.