Silver prices rise Rs 421 to Rs 38,974 per kg in futures trade today after traders raised their bets amid positive global cues.
At the Multi Commodity Exchange, silver for delivery in March traded notably higher by Rs 421, or 1.09 per cent, at Rs 38,974 per kg in a business turnover of 2,017 lots.
Silver to be delivered in May too rose by Rs 405, or 1.04 per cent, to Rs 39,505 per kg in 70 lots.
In the international market, silver was trading higher by 0.96 per cent to USD 16.87 an ounce in Singapore today.
Market analysts attributed the rise in silver prices in futures trade to widening of bets by participants supported by positive trends in global market.
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