Silver futures harden, up Rs 96

The metal for delivery in September contracts gained 0.21%

Taking positive cues from overseas market, silver prices rose Rs 96 to Rs 36,957 per kg in futures trade today as speculators built up positions.

Silver at Multi Commodity Exchange was trading higher Rs 96, or 0.26%, at Rs 36,957 per kg in a business turnover of 473 lots.

Also, the white metal for delivery in September contracts gained Rs 80, or 0.21%, at Rs 37,502 per kg, clocking a business volume of 13 lots.

 

Analysts said speculative positions created by participants following gains in the precious metals overseas mainly influenced silver prices in futures trade here.

Globally, silver climbed 0.5% to $16.07 an ounce in Singapore today.