Silver futures up by 0.7% on firm global cues

Silver prices went up by Rs 248 to trade at Rs 37,520 per kg in futures trading today as participants indulged in enlarging positions amid a firm trend in precious metals overseas.

In futures trading, silver for delivery in December was up by Rs 248, or 0.67%, at Rs 37,520 per kg at the Multi Commodity Exchange, in a business turnover of 827 lots.

Likewise, the white metal for delivery in far-month March 2016 spurted Rs 227, or 0.60%, to Rs 38,227 per kg in two lots.

Analysts said widening of positions by speculators in step with a firm trend in global markets, influenced silver prices at futures trade.
 
Meanwhile, silver was up 0.69% to $16.02 an ounce in Singapore today.