Silver up 0.3% on global cues
Analysts said fresh positions built up by speculators, tracking a firming trend overseas, helped silver futures to rise
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Silver prices recovered by Rs 94 to Rs 36,560 per kg in futures trading today as speculators created fresh positions amidst a firming trend in overseas markets.
At the Multi Commodity Exchange, silver for delivery in May rose by Rs 94, or 0.25%, to Rs 36,560 per kg in a business turnover of 1,029 lots.
Analysts said fresh positions built up by speculators, tracking a firming trend overseas, helped silver futures to rise.
Meanwhile, silver rose by 0.4% to USD 16.34 an ounce in Singapore today.
At the Multi Commodity Exchange, silver for delivery in May rose by Rs 94, or 0.25%, to Rs 36,560 per kg in a business turnover of 1,029 lots.
Analysts said fresh positions built up by speculators, tracking a firming trend overseas, helped silver futures to rise.
Meanwhile, silver rose by 0.4% to USD 16.34 an ounce in Singapore today.
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First Published: Mar 04 2015 | 11:56 AM IST