Silver futures gain 0.46% aided by global cues

Taking positive cues from the global market, silver prices rose by 0.46 per cent to Rs 43,860 per kg in futures trading today as traders created speculative positions.

At the Multi Commodity Exchange, silver for delivery in September month rose by Rs 201, or 0.46 per cent to Rs 43,860 per kg in business turnover of 707 lots.

Similarly, the white metal for delivery in far-month December contract was trading higher by Rs 204, or 0.46 per cent to Rs 44,837 per kg in 43 lots.

Market analysts said a firm trend in the precious metals in global market, mainly attributed to the rise in silver prices at futures trade.
 

Globally, silver rose 0.49 per cent to USD 18.59 an ounce in Singapore.