Silver futures rise on higher global trend

Nov 22 2012, 13:49 IST
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Silver prices rose by Rs 96 to Rs 64,100 per kg in futures trade.  (Reuters) Silver prices rose by Rs 96 to Rs 64,100 per kg in futures trade. (Reuters)
SummarySilver prices rose by Rs 96 to Rs 64,100 per kg in futures trade.

Silver prices rose by Rs 96 to Rs 64,100 per kg in futures trade today as speculators enlarged positions on hopes of a rise in demand during marriage season amid a higher global trend.

At the Multi Commodity Exchange, silver for delivery in March rose by Rs 96, or 0.15 per cent, to Rs 64,100 per kg, with a business turnover of 943 lots.

Likewise, the white metal for delivery in December gained Rs 66, or 0.11 per cent, to Rs 62,113 per kg, with a business turnover of 5,619 lots.

Marketmen said increased buying by speculators on expectations of a rise in spot market demand during the marriage season amid a higher global trend mainly pushed up silver futures.

Meanwhile, silver gained 0.3 per cent to USD 33.45 an ounce in Singapore.

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