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Silver futures rise 0.43% on global cues

Speculators enlarge positions as metal gains 0.4% in Singapore

Press Trust of India New Delhi
Last Updated : Jun 27 2014 | 11:56 AM IST
Silver prices edged higher by 0.43 per cent to Rs 45,320 per kg in futures trade today after speculators enlarged positions on a firming trend overseas.

At the Multi Commodity Exchange, silver for delivery in September was up Rs 194, or 0.43 per cent, to Rs 45,320 per kg in a business turnover of 133 lots.

July silver added Rs 164, or 0.37 per cent, to trade at Rs 44,800 per kg in 133 lots.

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Analysts attributed the rise in silver prices at futures trade to a firming trend in the precious metals overseas as investors assessed the outlook for US borrowing costs.

Meanwhile, silver traded 0.40 per cent higher at $21.18 an ounce in Singapore, the highest since March 18.

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First Published: Jun 27 2014 | 11:42 AM IST

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