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Silver climbs in futures trade on global cues

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 11:53 PM IST

Silver prices climbed by Rs 455 to Rs 61,450 per kg in futures trade today as traders indulged in creating fresh positions in tandem with a firm global trend.

At the Multi Commodity Exchange, silver for December delivery shot up by Rs 455, or 0.75%, to Rs 61,450 per kg, with an open interest of 448 lots.

Similarly, the metal for September delivery climbed by Rs 463, or 0.78%, to Rs 60,181 per kg, with a business turnover of 8,517 lots.

Market analysts said fresh buying by speculators in tandem with a firming global trend mainly pushed up silver futures prices.

Meanwhile, silver traded 0.25% higher at $40.01 an ounce in the Asian region.

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First Published: Aug 17 2011 | 1:55 PM IST

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