Silver futures up Rs 19 per kg to to Rs 39,205

Silver prices increased by Rs 19 to Rs 39,205 per kg in futures trade Tuesday after participants raised their holdings.

However, a weak trend overseas, limited the gains.

At the Multi Commodity Exchange, silver for delivery in November was trading higher by Rs 19 or 0.05 per cent to Rs 39,205 per kg in a business turnover of 708 lots.

In a similar manner, silver for delivery in December month contracts was trading higher by Rs 18, or 0.05 per cent at Rs 39,171 per kg, in a business volume of 162 lots.

Analysts attributed the rise in silver prices at futures trade to raising of bets by participants but a weak trend in the precious metals in global market, kept gains limited.

 

Globally, however, silver shed 0.07 per cent at USD 14.75 an ounce in Singapore.