Taking positive cues from the overseas markets and firm spot demand, silver maintained its upward journey with prices rising further by 0.7 per cent to Rs 58,282 per kg at the futures trade today.

At the Multi Commodity Exchange, silver for delivery in far-month December rose Rs 404 or 0.7 per cent to Rs 58,282 per kg with a business turnover of 1 lot.

Likewise, the metal for delivery in September traded higher by Rs 213 or 0.38 per cent to Rs 56,588 per kg with a business volume of 71 lots.

Globally, silver traded 0.90 per cent higher at $29.12 an ounce in Singapore.

Market analysts attributed the persistent rise in silver prices at futures trade to a firming trend overseas along with firm demand at domestic spot market.

(This article was published on June 14, 2012)
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