Silver up 0.4% on firm global cues
Mumbai-India (Dec 30) Silver prices rose by Rs 169 to Rs 36,653 per kg in futures trading today as speculators indulged in creating fresh positions amid a firming trend in the precious metals overseas.
At the Multi Commodity Exchange, silver for delivery in March traded higher by Rs 169, or 0.46%, at Rs 36,653 per kg in business turnover of 432 lots.
Likewise, the white metal for delivery in May traded higher by Rs 158, or 0.43%, to Rs 37,312 per kg in 9 lots.
Market analysts said fresh positions built-up by speculators largely in tandem with a firming trend in the precious metals overseas as a retreat in stocks revived demand for an alternative investment, supported the upside in silver prices at futures trade.
Meanwhile, silver was up 0.70% at USD 15.91 an ounce in Singapore