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Silver futures up 0.3% on global trend

Metal for delivery in December gained 0.23%

Press Trust of India New Delhi
Last Updated : Nov 01 2013 | 2:15 PM IST
Tracking a firming trend in the precious metals overseas, silver futures prices today moved up by 0.31% to Rs 50,100 per kg as speculators enlarged their positions.

At the Multi Commodity Exchange, silver for delivery in March rose by Rs 145, or 0.31%, to Rs 50,100 per kg in business turnover of 20 lots.

Similarly, the metal for delivery in December gained Rs 110, or 0.23%, to Rs 48,541 per kg in 840 lots.

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Market analysts said increased buying by speculators amid a better global trend mainly pushed up silver prices at futures trade.

Meanwhile, silver traded little changed at USD 21.89 an ounce in Singapore after slumping 3.7% yesterday.

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First Published: Nov 01 2013 | 2:14 PM IST

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