Silver up 0.3% on global cues
The metal rose as much as 0.5% to $19.63 an ounce in Singapore
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Silver prices moved up by Rs 140 to Rs 41,499 per kg in futures trade today after investors created positions largely driven by a firming trend overseas.
At the Multi Commodity Exchange, silver for delivery in far-month September moved up by Rs 140, or 0.34%, to Rs 41,499 per kg in business turnover of 18 lots.
On the similar lines, the white metal for delivery in July month contracts rose by Rs 122, or 0.30%, to Rs 41,373 per kg in 287 lots.
Market analysts attributed the rise in silver prices at futures trade to a firming trend in the global markets on concerns that a US recovery may be stalling.
Silver rose as much as 0.50% to $19.63 an ounce in Singapore today, the highest since May 26.
At the Multi Commodity Exchange, silver for delivery in far-month September moved up by Rs 140, or 0.34%, to Rs 41,499 per kg in business turnover of 18 lots.
On the similar lines, the white metal for delivery in July month contracts rose by Rs 122, or 0.30%, to Rs 41,373 per kg in 287 lots.
Market analysts attributed the rise in silver prices at futures trade to a firming trend in the global markets on concerns that a US recovery may be stalling.
Silver rose as much as 0.50% to $19.63 an ounce in Singapore today, the highest since May 26.
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First Published: Jun 13 2014 | 11:40 AM IST