Silver futures gain on firm global cues

NEW DELHI, Nov 27:  Silver prices rose by Rs 113 to reach Rs 39,354 per kg in futures trading today as speculators raised bets amid a firm trend in precious metals overseas.
In futures trading at the Multi Commodity Exchange, silver for delivery in December was trading higher by Rs 113, or 0.29 per cent, at Rs 39,354 per kg in a business turnover of 298 lots.
In a similar fashion, silver for delivery in March shot up by Rs 111, or 0.28 per cent, to Rs 40,030, clocking a business turnover of 33 lots.
Market analysts said fresh positions built by speculators in line with a firm trend in global markets for precious metals influenced silver prices at the futures trade.
Meanwhile, silver was up 0.06 per cent to USD 17.02 an ounce in Singapore today. (PTI)

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