Silver futures up 0.3% on global trend

November 2, 2013

New Delhi-India (Nov 2)   Tracking a firming trend in the precious metals overseas, silver futures prices today moved up by 0.31% to Rs 50,100 per kg as speculators enlarged their positions.

At the Multi Commodity Exchange, silver for delivery in March rose by Rs 145, or 0.31%, to Rs 50,100 per kg in business turnover of 20 lots.

Similarly, the metal for delivery in December gained Rs 110, or 0.23%, to Rs 48,541 per kg in 840 lots.

Market analysts said increased buying by speculators amid a better global trend mainly pushed up silver prices at futures trade.

Meanwhile, silver traded little changed at USD 21.89 an ounce in Singapore after slumping 3.7% yesterday.

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