Silver futures gain 0.29% on firm global cues

Silver prices rose by 0.29 per cent to Rs 40,570 per kg in futures trade today as traders built up fresh positions, driven by a firm trend overseas.
At the Multi Commodity Exchange, silver for delivery in July went up by Rs 117, or 0.29 per cent to Rs 40,570 per kg in business turnover of 1,236 lots.
Likewise, the white metal for delivery in September contracts traded higher by Rs 116, or 0.28 per cent to Rs 41,040 per kg in 9 lots.
Market analysts said fresh positions created by participants on the back of firm trend in global markets mainly attributed the rise in silver prices at futures trade.

Meanwhile, silver rose 0.49 per cent to USD 17.61 an ounce in Singapore.