Silver prices rose by Rs 124 to Rs 60,250 per kg in futures trading today as speculators created fresh positions, driven by pick-up in spot market demand, amid a firm global trend.
At the Multi Commodity Exchange, silver for delivery in July rose by Rs 124, or 0.21%, to Rs 60,250 per kg, with a business turnover of 200 lots.
May silver moved up by Rs 113, or 0.19%, to Rs 58,888 per kg, with an open interest of 7,050 lots.
Market analysts said fresh buying by speculators on the back of a rise in demand in the spot market amid a firm global trend mainly pushed up silver prices at the futures market.
Meanwhile, silver increased by 0.4% to $34.01 an ounce in Singapore.
