Silver futures up 0.1% on global cues
Metal for delivery in May gained 0.14%
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Silver rose by 0.15% to Rs 44,056 per kg in futures market today largely in tune with a firming trend in the global markets.
At the Multi Commodity Exchange, silver for delivery in March moved up by Rs 64, or 0.15%, to Rs 44,056 per kg in business turnover of 330 lots.
Similarly, the metal for delivery in May gained Rs 61, or 0.14%, to Rs 45,000 per kg in a single lot.
Market analysts said the rise in silver prices at futures trade was mostly attributed to fresh positions built-up by speculators driven by a firming trend overseas.
Globally, silver traded 0.2% higher at USD 19.53 an ounce in Singapore today.
At the Multi Commodity Exchange, silver for delivery in March moved up by Rs 64, or 0.15%, to Rs 44,056 per kg in business turnover of 330 lots.
Similarly, the metal for delivery in May gained Rs 61, or 0.14%, to Rs 45,000 per kg in a single lot.
Market analysts said the rise in silver prices at futures trade was mostly attributed to fresh positions built-up by speculators driven by a firming trend overseas.
Globally, silver traded 0.2% higher at USD 19.53 an ounce in Singapore today.
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First Published: Dec 26 2013 | 12:18 PM IST