Silver futures rise on higher global trend
Agencies: New Delhi, Nov 22 2012, 13:49 IST
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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