Silver futures up 0.81% on global cues

 

Silver prices rose by 0.81% to Rs 44,900 per kg in futures trade today largely in tune with a rising trend in precious metals overseas.

At the Multi Commodity Exchange, the May contract traded higher by Rs 359, or 0.81%, to Rs 44,900 per kg in business turnover of 77 lots.

The July contract traded Rs 342, or 0.77%, higher at Rs 44,975 per kg in a turnover of 1,768 lots.

In the international market, silver added 1.2%, to trade at $24.12 an ounce in Singapore.

Analysts said a firming trend in precious metals in the global market on optimism that global stimulus will be sustained, influenced silver prices at futures trade here.