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This is an archive article published on August 13, 2012

Silver moves up in futures trade on global cues

Silver prices moved up by Rs 145 to Rs 53,645 per kg in futures trade today.

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Silver prices moved up by Rs 145 to Rs 53,645 per kg in futures trade today as speculators created fresh positions in line with a firming trend overseas.

At the Multi Commodity Exchange,silver for delivery in September moved up by Rs 145,or 0.29 per cent,to Rs 53,645 per kg,with a business turnover of 3,429 lots.

Likewise,the white metal for delivery in December traded higher by Rs 143,or 0.26 per cent,to Rs 55,399 per kg in 169 lots.

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Marketmen said fresh buying by speculators on the back of a firm global trend mainly led to a rise in silver prices at futures market.

Meanwhile,silver rose 0.3 per cent to USD 28.21 an ounce in Singapore.

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