Silver futures zoom Rs 412 on overseas cues
Press Trust of India New Delhi Silver prices were up by Rs 412 to Rs 41,231 per kg in futures trading today as speculators enlarged fresh positions amid a firm global trend.
At the Multi Commodity Exchange, silver for delivery in far-month July rose by Rs 412, or 1.01 per cent, to Rs 41,231 per kg, in a business turnover of 469 lots.
On similar lines, the white metal for delivery in May gained Rs 402, or 1 per cent, to Rs 40,592 per kg in 2,058 lots.
Analysts said fresh positions built up by speculators in tandem with a firm global trend, mainly led to the rise in silver prices at futures trade.
Meanwhile, silver rose 0.79 per cent to USD 17.27 an ounce in Singapore today.