Silver futures climb Rs 249 on rising demand

NEW DELHI, Jan 12: Silver prices rose Rs 249 to Rs 39,610 per kg in futures trade today as traders increased bets amid firming global trends.
At the Multi Commodity Exchange, silver for delivery in May contracts moved Rs 249, or 0.63 per cent, higher to Rs 39,610 per kg in business turnover of 16 lots.
Similarly, the metal for delivery in March traded higher by Rs 189, or 0.49 per cent, to Rs 39,128 per kg in 592 lots.
Analysts attributed the rise in prices to a firming trend in the metal overseas on a weaker dollar which boosted demand for the precious metals a safe haven.
Meanwhile, Silver rose 0.77 per cent to USD 17.09 an ounce in Singapore. (PTI)