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Silver futures up 0.2% on firm global cues

Speculators build fresh positions amid firm trend overseas

Silver futures climb Rs 70 on firm global cues
Press Trust of India New Delhi
Last Updated : Oct 23 2015 | 11:29 AM IST
Silver prices went up by Rs 70 to trade at Rs 36,990 per kg in futures trading today as participants built fresh bets amid a firm trend in precious metals overseas.

In futures trading, silver for delivery in December was up by Rs 70, or 0.19%, at Rs 36,990 per kg at the Multi Commodity Exchange, in a business turnover of 200 lots.

Likewise, the white metal for delivery in far-month March 2016 gained Rs 45, or 0.12%, to Rs 37,680 per kg in three lots.

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Analysts said widening of positions by speculators in step with a firm trend in global markets influenced silver prices in futures trade.

Meanwhile, silver was up 0.25% to $15.88 an ounce in Singapore today.

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First Published: Oct 23 2015 | 11:02 AM IST

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