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Taking positive cues from the global market, silver prices were trading higher by Rs 122 to Rs 42,180 per kg at the futures trade today largely as traders created speculative positions.
At the Multi Commodity Exchange, silver for delivery in December was trading higher by Rs 122 or 0.29 per cent at Rs 42,180 per kg in a business turnover of 208 lots.
Also, the white metal for delivery in far-month March rose Rs 118 or 0.27 per cent to Rs 43,043 per kg in three lots.
In the international market, silver gained 0.43 per cent to $17.64 an ounce in Singapore today.
Market analysts said a firm trend in precious metals in the global market, where silver rose to the highest in more than two weeks after European manufacturing data added to evidence of a pick-up in the region’s economy, boosting the demand outlook for metals, influenced silver prices at the futures trade.
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