 "Silver futures up 0.75% on global cues")
Silver prices rose by 0.75% to Rs 46,119 per kg in futures trade today largely in tune with a firming trend in precious metals overseas amid covering-up of short positions by speculators.
At the Multi Commodity Exchange, the July contract traded higher by Rs 342, or 0.75%, to Rs 46,119 per kg in business turnover of 636 lots.
The May contract traded Rs 290, or 0.69%, higher at Rs 45,353 per kg in a turnover of 1,596 lots.
Market analysts said besides short-covering by speculators, a rising trend in the precious metals in the global market on strong continuing demand, influenced silver prices at futures trade here.
At the Multi Commodity Exchange, the July contract traded higher by Rs 342, or 0.75%, to Rs 46,119 per kg in business turnover of 636 lots.
The May contract traded Rs 290, or 0.69%, higher at Rs 45,353 per kg in a turnover of 1,596 lots.
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In the international market, silver gained 0.90%, to trade at $24.21 an ounce in Singapore.
Market analysts said besides short-covering by speculators, a rising trend in the precious metals in the global market on strong continuing demand, influenced silver prices at futures trade here.