Silver futures tops 45k per kg level, tracking global cues

Silver reclaimed Rs 45,000 per kg mark with prices shooting up by Rs 1,232 to Rs 45,581 per kg in futures trade today as speculators raised their bets, driven by a positive global trend.
In futures trading at the Multi Commodity Exchange, silver for delivery in far-month September zoomed Rs 1,232 or 2.78 per cent to Rs 45,581 per kg in a business turnover of 1,371 1ots.
On similar lines, the white metal for delivery in July was trading higher by Rs 1,293 or 2.97 per cent to Rs 44,760 per kg in 275 lots.
Analysts said widening of bets by participants after silver rallied to near a two-year high overseas as investors speculate central banks will have to continue supporting the economy in the wake of Britain's vote to leave the European Union, influenced white metal prices at futures trade here.

Meanwhile, silver added as much as 1.8 per cent to USD 19.04 an ounce in Singapore, the highest since September 2014.
Prices are 7.4 per cent higher this week, the biggest gain since January 2015.