Silver futures up Rs 93 on firm global cues

Silver prices rose by Rs 93 to Rs 40,430 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 July was trading higher by Rs 93 to Rs 40,430 per kg in a business turnover of 725 lots.
Likewise, the white metal for delivery in far-month September rallied by Rs 81 or 0.20 per cent to Rs 40,863 per kg in four lots.
Analysts said bets enlarged by speculators in tandem with a firming trend in precious metals overseas, mainly influenced silver prices in futures trade here.

Meanwhile, silver was up 0.55 per cent at USD 17.40 an ounce in Singapore today.