Silver futures move up 0.5% on global cues
Prices rose as participants created fresh positions
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Silver prices rose by Rs 230 to Rs 44,386 per kg in futures trading today as participants created fresh positions buoyed by a firm global trend.
At the Multi Commodity Exchange (MCX), the September contract spurted by Rs 230, or 0.52% to Rs 44,386 per kg in 57 lots.
The July contract traded higher by Rs 209, or 0.48% to Rs 43,713 per kg in 1,450 lots.
Market analysts said fresh positions built up by speculators buoyed by a firm global trend, influenced precious metal prices at futures trade.
In Singapore, silver climbed 1.1% to $22.51.
At the Multi Commodity Exchange (MCX), the September contract spurted by Rs 230, or 0.52% to Rs 44,386 per kg in 57 lots.
The July contract traded higher by Rs 209, or 0.48% to Rs 43,713 per kg in 1,450 lots.
Market analysts said fresh positions built up by speculators buoyed by a firm global trend, influenced precious metal prices at futures trade.
In Singapore, silver climbed 1.1% to $22.51.
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First Published: Jun 03 2013 | 2:15 PM IST