Silver futures harden by 0.19% on global cues

Tracking a firming trend overseas, silver prices went up by 0.19 per cent to Rs 39,960 per kg in futures trade today as speculators increased positions.

At the Multi Commodity Exchange, silver for delivery in September moved up by Rs 75, or 0.19 per cent, to Rs 39,960 per kg in a business turnover of 376 lots.

Market analysts said, expansion of positions by participants in line with a firm global trend influenced silver futures.

Meanwhile, silver rose by 0.06 per cent to USD 16.09 an ounce in Singapore.