Silver futures rise by 1% on overseas cues
Traders built up fresh positions, tracking a firming trend overseas
 "Silver futures rise 1.04% on overseas cues")
Tracking a firming trend overseas, silver prices rose by 1.04% to Rs 37,557 per kg in futures trading today as traders built up fresh positions.
At the Multi Commodity Exchange, silver for delivery in May rose by Rs 387, or 1.04%, to Rs 37,557 per kg, in a business turnover of 60 lots.
Similarly, the white metal for delivery in March gained Rs 325, or 0.88%, to Rs 37,105 per kg in 922 lots.
Analysts said fresh positions created by participants amid firming trend in global markets mainly led to the rise in silver prices at futures trade.
Meanwhile, silver rose 0.65% to $15.38 an ounce in Singapore.
At the Multi Commodity Exchange, silver for delivery in May rose by Rs 387, or 1.04%, to Rs 37,557 per kg, in a business turnover of 60 lots.
Similarly, the white metal for delivery in March gained Rs 325, or 0.88%, to Rs 37,105 per kg in 922 lots.
Analysts said fresh positions created by participants amid firming trend in global markets mainly led to the rise in silver prices at futures trade.
Meanwhile, silver rose 0.65% to $15.38 an ounce in Singapore.
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First Published: Feb 11 2016 | 10:42 AM IST