Silver futures rise by 0.9% on firm global cues

Silver prices rose notably by Rs 299 to Rs 34,144 per kg in futures trading today as speculators widened bets amid a firming trend in precious metals overseas.

At the Multi Commodity Exchange, silver for delivery in December was trading higher by Rs 299, or 0.88%, at Rs 34,144 per kg in a business turnover of 496 lots.

Likewise, the white metal for delivery in March next year gained Rs 285, or 0.83%, to Rs 34,825 per kg in 21 lots.

Analysts said bets enlarged by speculators in tandem with a firming trend in precious metals overseas as the attacks in Paris reinvigorated bullion's traditional role as a haven and lifted silver prices in futures trade.
 
Meanwhile, silver was up 1.3% at $14.44 an ounce in Singapore.