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Silver prices rose Rs 117 to reach Rs 38,075 per kg at the futures trading today as speculators created fresh positions amid a firm trend in precious metals overseas.
On the Multi Commodity Exchange, silver for delivery in July traded higher by Rs 117 or 0.31 per cent at Rs 38,075 per kg in a business turnover of 711 lots.
Likewise, the white metal for delivery in September traded higher by Rs 106 or 0.28 per cent to Rs 38,557 per kg in eight lots.
Market analysts said fresh positions built by speculators in line with a firm trend in global markets influenced silver prices at the futures trade.
Meanwhile, silver was up 0.2 per cent at $16.58 an ounce in Singapore today, rising for the fourth day in the longest run since March 23.
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