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Silver futures move up on global cues

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Press Trust of India New Delhi
Last Updated : Dec 04 2014 | 5:25 PM IST
Silver prices moved up by 0.26 per cent to Rs 37,136 per kg in futures trade today as speculators created fresh positions amid higher global trend.
At the Multi Commodity Exchange, silver for delivery in far-month March next year contract was up by Rs 96, or 0.26 per cent, to Rs 37,136 per kg in a business turnover of 5,890 lots.
Similarly, the white metal for delivery in current month gained Rs 65, or 0.18 per cent, to Rs 36,350 per kg in 38 lots.
Analysts said speculators created fresh positions in tandem with higher global trend and a recovery at domestic spot markets on wedding season demand, pushing silver prices higher at futures trade.
Meanwhile, silver rose 0.21 per cent to USD 16.47 an ounce in London.
Meanwhile, silver prices rose by Rs 100 to Rs 37,000 per kg in the national capital today.

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First Published: Dec 04 2014 | 5:25 PM IST

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