 "Silver up 0.7% on global cues")
Silver futures prices today rose by 0.75%, to Rs 49,714 per kg, largely in tandem with a firming trend in precious metals in the global markets.
At the Multi Commodity Exchange, silver for delivery in December rose by Rs 368, or 0.75%, to Rs 49,714 per kg in a business turnover of five lots.
Similarly, the white metal for delivery in December traded Rs 352, or 0.70%, higher at Rs 48,549 per kg in a turnover of 551 lots.
Analysts said a firming trend in precious metals in the global market as a partial government shutdown which entered a seventh day, spurred speculation that the political impasse may prompt the Federal Reserve to extend stimulus, influenced silver prices at futures trade here.
At the Multi Commodity Exchange, silver for delivery in December rose by Rs 368, or 0.75%, to Rs 49,714 per kg in a business turnover of five lots.
Similarly, the white metal for delivery in December traded Rs 352, or 0.70%, higher at Rs 48,549 per kg in a turnover of 551 lots.
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In the international market, silver traded a shade higher at $21.74 an ounce in Singapore.
Analysts said a firming trend in precious metals in the global market as a partial government shutdown which entered a seventh day, spurred speculation that the political impasse may prompt the Federal Reserve to extend stimulus, influenced silver prices at futures trade here.