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Silver futures up 0.3% on global cues

Silver for delivery in July contracts traded higher by 0.27%.

Press Trust of India New Delhi
Silver prices rose by Rs 151 to Rs 43,972 per kg in futures trading today, taking positive cues from the global markets, as speculators enlarged positions.

Besides, rising demand in spot markets also supported the upside.

At the Multi Commodity Exchange, silver for delivery in September rose by Rs 151, or 0.34% to Rs 43,972 per kg in business turnover of 295 lots.

Likewise, silver for delivery in July contracts traded higher by Rs 115, or 0.27% to Rs 43,350 per kg in 2,637 lots.

Analysts said fresh positions built up by speculators buoyed by a firm global trend, mainly pushed up silver prices at futures trade.
 

Meanwhile, silver rose 0.30% to $21.85 an ounce in New York in yesterday's trade.

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First Published: Jun 14 2013 | 12:28 PM IST

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