Silver rates move up in futures trade on global cues

  • PTI, New Delhi
  • Updated: Aug 26, 2014 14:37 IST

Silver prices were up by Rs 178 at Rs 42,099 per kg in futures trading on Tuesday as participants built up fresh positions buoyed by a firm global trend.

At the multi commodity exchange, silver for delivery in September gained by Rs 178, or 0.42% to Rs 42,099 per kg in business turnover of 565 lots.

Likewise, the white metal for delivery in far-month December contracts traded higher by Rs 175, or 0.41% to Rs 42,851 per kg in 53 lots.

Market analysts said fresh positions built up by speculators buoyed by a firm global trend, influenced precious metal prices at futures trade.

Meanwhile, silver rose by 0.59% to USD 19.46 an ounce in Singapore.

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