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Silver prices went up by Rs 152 to Rs 40,092 per kg at the futures trade as participants indulged in enlarging positions due to a firm trend in precious metals overseas.
Silver for delivery in December was up by Rs 152 or 0.38 per cent at Rs 40,092 per kg at the Multi Commodity Exchange in a business turnover of 71 lots. Likewise, the white metal for delivery in March next year spurted Rs 147 or 0.36 per cent to Rs 40,688 per kg in 8 lots.
Analysts said widening of positions by speculators in line with a firm trend in the precious metals overseas influenced silver prices at the futures trade. Meanwhile, silver was up 0.50 per cent at $17.04 an ounce in Singapore today.
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