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Silver futures climb 2.7% on firm global cues

Precious metals rebounded in global markets

Press Trust of India New Delhi
Silver prices jumped Rs 836, or 2.66%, to Rs 43,834 per kg in futures trading today as precious metals rebounded in global markets.
     
At the Multi Commodity Exchange, silver for delivery in September traded Rs 836, or 2.66%, higher at Rs 43,834 per kg in business turnover of 28,800 lots.
    
Likewise, the white metal for delivery in December traded higher by Rs 1,148, or 2.64%, to Rs 44,680 per kg in 171 lots.
     
Market analysts said fresh positions created by speculators largely in tandem with a rebound in the global market following robust physical demand, influenced silver prices at futures trade.
 
    
Meanwhile, in Singapore silver climbed 3.5% to $21.28 an ounce, the highest price since June 20.

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First Published: Aug 12 2013 | 11:34 AM IST

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