Extending gains for the second day, silver prices were higher by 0.23 per cent to Rs 39,894 per kg in futures trade today as speculators engaged in building up their positions amid firm trend overseas.
At the Multi Commodity Exchange, silver for delivery in July rose by Rs 92, or 0.23 per cent, to Rs 39,894 per kg in business turnover of 715 lots.
On similar lines, the white metal for delivery in September contracts was trading higher by Rs 29, or 0.07 per cent, to Rs 40,303 per kg in 4 lots.
Market analysts said expanding of positions by traders, driven by a firm trend overseas mainly kept silver prices higher at futures trade.
Globally, silver rose 0.26 per cent to USD 17.16 an ounce in Singapore.
Disclaimer: No Business Standard Journalist was involved in creation of this content
