Silver futures trade higher by 0.26 pct on overseas cues

Written by PTI | New Delhi | Updated: Aug 7 2014, 20:16pm hrs
Silver prices moved up by 0.26 per cent to Rs 44,036 per kg in futures trade today as speculators enlarged positions, supported by a firming global trend.

At the Multi Commodity Exchange, silver for delivery in September advanced by Rs 116, or 0.26 per cent to Rs 44,036 per kg in business turnover of 1,979 lots.

In a similar fashion, the white metal for delivery in far-month December gained Rs 100, or 0.22 per cent to Rs 44,803 per kg in 24 lots.

Market analysts said speculators enlarged positions in tandem with a firming global trend, mainly led to the rise in silver prices at futures trade.

Meanwhile, silver rose 0.2 per cent to USD 20.08 an ounce in Singapore.