Silver prices edged up by 0.09 per cent to Rs 40,323 per kg in futures trade today as speculators raised their bets despite a weak trend overseas.
At the Multi Commodity Exchange, silver for delivery in far-month September edged higher by Rs 37, or 0.09 per cent, to Rs 40,323 per kg in business turnover of 95 lots.
Likewise, the white metal for delivery in July contracts was trading higher by Rs 30, or 0.08 per cent, to Rs 39,675 per kg in 989 lots.
Market analysts attributed the rise in silver futures to fresh positions created by speculators, but a weak trend overseas capped the rise.
Globally, silver fell 0.03 per cent to USD 16.29 an ounce in Singapore.
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