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Silver gains 0.39 per cent on overseas cues

Press Trust of India  |  New Delhi 

Silver prices rose 0.39 per cent to Rs 40,864 per kg in futures trade today as speculators enlarged positions on a firm global trend.

At the Multi Commodity Exchange, silver for delivery in September moved up by Rs 157, or 0.39 per cent, to Rs 40,864 per kg in a business turnover of 204 lots.

Similarly, the white metal for delivery in July gained Rs 131, or 0.32 per cent, to Rs 40,737 per kg in 5,629 lots.

Analysts said speculators enlarged positions on the back of a firm global trend which helped silver prices to rise at futures trade.

Meanwhile, the metal gained 0.2 per cent to trade at USD 19.25 an ounce in London.

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First Published: Thu, June 12 2014. 18:05 IST