Silver futures rise on higher global trend

Silver prices rose by Rs 96 to Rs 64,100 per kg in futures trade today as speculators enlarged positions on hopes of a rise in demand during marriage season amid a higher global trend.

At the Multi Commodity Exchange, the March silver rose by Rs 96, or 0.15%, to Rs 64,100 per kg, with a business turnover of 943 lots.

The December delivery gained Rs 66, or 0.11%, to Rs 62,113 per kg, with a business turnover of 5,619 lots.

Marketmen said increased buying by speculators on expectations of a rise in spot market demand during the marriage season amid a higher global trend mainly pushed up silver futures.

Meanwhile, silver gained 0.3% to $33.45 an ounce in Singapore.