ET:Silver futures climb over one per cent on global cues
NEW DELHI: Silver prices rose by 1.19 per cent to Rs 47,168 per kg in futures trade today on rising trend in precious metals overseas.
At the Multi Commodity Exchange, Silver for delivery in March traded higher by Rs 555, or 1.19 per cent, to Rs 47,168 per kg in business turnover of 1,346 lots.
Similarly, the white metal for delivery in May also traded higher by Rs 555, or 1.17 per cent, at Rs 48,001 per kg in a turnover of 91 lots.
In the international market, silver bounced 2.20 per cent, to trade at $21.97 an ounce, the highest level since November 7 in Singapore.
Market analysts said strong rally in the global market as speculation that a US economic recovery will stall boosted demand for the precious metals, influenced silver prices at futures trade here.
