NEW DELHI, Oct 7: Silver prices rose 0.23 per cent to Rs 38,575 per kg in futures trade today as speculators enlarged positions even as the metal strengthened overseas.
At the Multi Commodity Exchange, silver for delivery in December traded higher by Rs 87, or 0.23 per cent, to Rs 38,575 per kg in a business turnover of 846 lots.
Similarly, the white metal for delivery in March traded higher by Rs 62, or 0.16 per cent, at Rs 39,193 per kg in a turnover of 10 lots.
In the international market, silver fell 0.30 per cent to trade at USD 17.28 an ounce in Singapore. It had climbed three per cent in yesterday’s trade, the most since June.
Market analysts said fresh positions built-up by speculators helped silver futures to trade higher but a weak trend overseas capped the rise. (PTI)
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