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Silver rates move up in futures trade on global cues
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.
Updated on: Aug 26, 2014, 14:37:50 IST
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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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