Silver up 0.6% on overseas cues

Analysts said a firming trend in bullion prices in overseas markets mainly influenced the prices

Taking positive cues from global markets, silver prices rose 0.65% to Rs 42,285 per kg in futures trading today as speculators indulged in enlarging their positions.

At the Multi Commodity Exchange, silver for delivery in December rose by Rs 272, or 0.65%, to Rs 42,285 per kg in a business turnover of 1,942 lots.

Analysts said a firming trend in bullion prices in overseas markets mainly influenced silver prices at futures trade here.

Meanwhile, silver rose 0.5% to $19.29 an ounce in Singapore.