Positive global cues lift silver futures

File photo. Photograph:( Reuters )

PTI New Delhi, Delhi, India Jun 14, 2018, 12.55 PM (IST)

Tracking a firming trend overseas, silver prices shot up by 0.82 per cent to Rs 41,101 per kg in futures trade today as speculators raised their bets.

In futures trading at the Multi Commodity Exchange, silver for delivery in July jumped by Rs 335, or 0.82 per cent to Rs 41,101 per kg in a business turnover of 2,888 lots.

On similar lines, the white metal for delivery in far-month September was trading higher by Rs 315, or 0.76 per cent to Rs 41,766 per kg in 167 lots.

Market analysts said speculative position created by participants, driven by firm global trend, mainly pushed up silver prices at futures trade here.

Meanwhile, silver rose 0.03 per cent to USD 17.01 an ounce in Singapore.