Silver prices rose Rs 96 to Rs 64,100 per kg at the futures trade today as speculators enlarged their positions on hopes of a rise in demand during marriage season amid a higher global trend.

At the Multi Commodity Exchange, silver for delivery in March rose Rs 96 or 0.15 per cent to Rs 64,100 per kg with a business turnover of 943 lots.

Likewise, the white metal for delivery in December gained Rs 66 or 0.11 per cent to Rs 62,113 per kg, with a business turnover of 5,619 lots.

Marketmen said increased buying by speculators on expectations of a rise in spot market demand during the marriage season amid a higher global trend mainly pushed up silver futures.

Meanwhile, the white metal gained 0.3 per cent to $33.45 an ounce in Singapore.

(This article was published on November 22, 2012)
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