Silver futures rise to Rs 51,432 per kg

NEW DELHI-INDIA (Aug 23) Tracking a firm trend in base metals overseas, silver futures prices recovered by 0.46 per cent to Rs 51,432 per kg today as speculators created fresh positions.

On the Multi Commodity Exchange, silver for delivery in September traded higher by Rs 237 or 0.46 per cent to Rs 51,432 per kg in a business turnover of 328 lots.

Similarly, the white metal for delivery in far-month December traded higher by Rs 243 or 0.46 per cent at Rs 52,517 per kg in a turnover of 10 lots.

In the international market, silver climbed 1.29 per cent to $23.19 an ounce in New York yesterday.

Market analysts said that the gains in precious metals in the global market on rising physical demand mainly influenced silver prices at the futures trade here.