Silver futures prices up 0.11 per cent on short-covering

Written by PTI | New Delhi | Updated: Jul 30 2014, 17:53pm hrs
Silver futures prices today rose by 0.11 per cent to Rs 44,316 per kg as speculators built fresh positions amid covering-up of short positions.

At the Multi Commodity Exchange (MCX), silver for delivery in September traded higher by Rs 47, or 0.11 per cent, to Rs 44,316 per kg in business turnover of 335 lots.

On similar lines, the white metal for delivery in far-month December contracts traded Rs 23, or 0.05 per cent, higher at Rs 45,000 per kg in a turnover of 8 lots.

In the international market, silver traded 0.29 per cent lower at USD 20.60 an ounce in Singapore.

Market analysts said covering-up of short positions by speculators, helped silver futures to trade higher but a weak trend overseas, limited the rise.