Silver futures climb Rs. 192 per kg on firm global cues

New Delhi-India (Nov 21)  Tracking a better trend in precious metals overseas, silver prices were higher by Rs. 192 at Rs. 40,580 per kg at the futures trade today as speculators created fresh positions.

At the Multi Commodity Exchange, silver for delivery in December surged Rs. 192 or 0.48 per cent to Rs. 40,480 per kg in a business turnover of 393 lots.

The white metal for delivery in March next year was trading higher by Rs. 128 or 0.31 per cent to Rs. 41,180 per kg in 5 lots.

Market analysts said speculative position built up by participants, driven by a better global trend, mainly attributed to the rise in silver prices at the futures trade here.

Meanwhile, silver rose 0.79 per cent to $16.68 an ounce in Singapore.

Source: BusinessLine