Silver futures up by 0.4% on global cues

Silver prices moved up by Rs 130 to Rs 35,929 per kg in futures trade today as speculators built up positions amid a higher global trend.

In futures trading at the Multi Commodity Exchange, silver for delivery in December gained Rs 130, or 0.36%, to Rs 35,929 per kg in a business turnover of 251 lots.

Also, the white metal for delivery in March was up by Rs 129, or 0.35%, to Rs 36,543 per kg in five lots.

Analysts said speculators created fresh positions in tune with higher global trend before the Federal Reserve Chief Janet Yellen's first speech since the last central bank meeting, pushing silver prices higher at futures trade.
 

Meanwhile, silver rose 0.2% to $15.29 an ounce in Singapore.