Silver prices went up by 0.95 per cent to Rs 38,700 per kg in futures trade today as speculators enlarged positions, taking positive cues from overseas markets.
At the Multi Commodity Exchange, silver for delivery in December rose by Rs 364, or 0.95 per cent to Rs 38,700 per kg in business turnover of 3,482 lots.
Similarly, the white metal for delivery in far-month March 2015 gained Rs 354, or 0.88 per cent to Rs 39,335 per kg in 33 lots.
Analysts said the rise in silver prices at futures trade was mostly in tandem with a firming trend overseas as speculation that the US Federal Reserve may delay raising borrowing costs on slowing global growth, adversely affected the dollar and boosted demand for the industrial metal.
Meanwhile, silver moved up to USD 17.49 an ounce from USD 17.48 yesterday in Singapore.
