Silver futures move up on global cues

Written by PTI | New Delhi | Updated: Aug 6 2014, 17:05pm hrs
Silver prices edged higher by Rs 170 to Rs 43,551 per kg in futures trading today as speculators created fresh positions on firming global trend.

At the Multi Commodity Exchange, silver for delivery in September traded higher by Rs 170, or 0.39 per cent, to Rs 43,551 per kg in a business turnover of 352 lots.

Likewise, the white metal for delivery in far-month December traded higher by Rs 153, or 0.35 per cent, to Rs 44,325 per kg in 7 lots.

Market analysts said fresh positions built up by speculators buoyed by a firming trend in the precious metals overseas mainly pushed up silver prices at futures trade.

Meanwhile, silver added 0.40 per cent to USD 19.86 an ounce in Singapore.