ET:Silver moves up in futures trade on global cues
NEW DELHI: Silver prices moved up by Rs 306 to Rs 61,186 per kg in futures trade today as speculators enlarged their positions, taking positive cues from overseas markets.
At the Multi Commodity Exchange, silver for delivery in December shot up by Rs 306, or 0.50 per cent, to Rs 61,186 per kg in business turnover of 885 lots.
Similarly, the white metal for delivery in the March contract traded higher by Rs 288, or 0.46 per cent, to Rs 63,052 per kg in 62 lots.
Market analysts said increased buying by speculators on the back of a firming global trend as a weak dollar raised demand for the bullion as an alternative investment mainly pushed up silver futures.
Meanwhile, silver rose as much as 1.1 per cent to $ 32.66 an ounce in Singapore.
