Silver futures up Rs 126, tracking positive global cues

Silver prices were up by Rs 126 to Rs 42,835 per kg in futures trade on Monday after participants raised their bets amid firming global trends. At the Multi Commodity Exchange, silver for delivery in far-month March 2017 was up by Rs 126, or 0.30 per cent, to Rs 42,835 per kg, in a moderate business turnover of two lots.

Similarly, the white metal for delivery in December traded higher by Rs 84, or 0.20 per cent, to Rs 41,905 per kg, in a business volume of 710 lots.

Analysts attributed the rise in silver prices at futures trade to a firming trend in the precious metals overseas.

Globally, silver traded 0.12 per cent higher at USD 17.40 an ounce in Singapore.