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ET:Silver futures up 0.31 per cent on global cues
 
NEW DELHI: Silver prices at futures trade today rose by 0.31 per cent to Rs 41,148 per kg as speculators built up fresh positions, tracking a firming overseas trend.

At the Multi Commodity Exchange, silver prices for delivery in September rose by Rs 128, or 0.31 per cent, to Rs 41,148 per kg in business turnover of 1,106 lots.

On similar lines, the white metal prices for delivery in December traded Rs 123, or 0.29 per cent, higher at Rs 41,885 per kg in a turnover of 29 lots.

In the international market, silver gained 0.43 per cent, to trade at $ 20.01 an ounce in New York yesterday.

Market analysts said besides short-covering by speculators, gains in the precious metals in the overseas markets at lower levels, influenced silver prices at futures trade here.
Source