NEW DELHI, Nov 13: Silver futures rose by 0.30 per cent to Rs 34,800 per kg today after participants covered-up their short positions at prevailing levels even as the metal remained weak overseas.
At the Multi Commodity Exchange, silver for delivery in December was up by Rs 105, or 0.30 per cent, to Rs 34,800 per kg in a business turnover of 644 lots.
Similarly, the white metal for delivery in March 2015 traded higher by Rs 96, or 0.27 per cent, at Rs 35,480 per kg in a turnover of 32 lots.
In the international market, silver declined by 0.30 per cent to USD 15.64 an ounce in Singapore.
Analysts said the rise in silver prices was mostly due to covering-up of short positions by speculators but a weak trend in global markets, limited the gains. (PTI)
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