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Silver prices rose Rs 113 to Rs 39,354 per kg at the futures trade as speculators raised their bets amid a firm trend in precious metals overseas.
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 at $17.02 an ounce in Singapore today.
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