Silver futures rise 0.40 pc on firm global cues

Silver prices were up by 0.40 per cent to Rs 41,434 per kg in futures trading today as traders increased their bets amid firming global trends.

At the Multi Commodity Exchange, silver for delivery in March moved up by Rs 164, or 0.40 per cent to Rs 41,434 per kg in a business turnover of 201 lots.

Similarly, the metal for delivery in May traded higher by Rs 156, or 0.37 per cent to Rs 42,010 per kg in 2 lots.

Analysts attributed the rise in silver prices at futures trade to a firming trend overseas as the weak dollar boosted demand for safe-haven.
 

Meanwhile, silver rose 0.18 per cent to USD 17.02 an ounce in Singapore.