Silver climbs Rs 602 on positive global cues

Silver prices went up by a whopping Rs 602 to Rs 41,100 per kg in futures trading today as participants widened their positions, tracking a firm trend in global market.
At the Multi Commodity Exchange, silver for delivery in December was trading notably higher by Rs 602, or 1.49 per cent, to Rs 41,100 per kg, in a business turnover of 511 lots.
Similarly, the white metal for delivery in March 2017 was up by Rs 593, or 1.44 per cent, to Rs 41,672 per kg in 69 lots.
Analysts said a firming trend overseas where silver rallied, mainly influenced the white metal prices at futures trade.

Globally, silver rose 2.91 per cent to USD 16.79 an ounce in Singapore.