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Silver prices rose by 0.57 per cent to Rs 58,465 per kg in futures trading today taking positive cues from the Asian markets.
At the Multi Commodity Exchange, silver for delivery in September rose by Rs 340 or 0.57 per cent to Rs 58,465 per kg, with a trade volume of 1,432 lots.
Similarly, the metal for delivery in December moved up by Rs 340 or 0.57 per cent to Rs 59,714 per kg, with a trade turnover of 100 lots.
Market analysts said the rise in silver futures was mostly due to a firming trend overseas as concern that global economic growth may be slowing overshadowed a US debt deal reached in time to avoid a default, spurring demand for precious metals.
Silver climbed 0.5 per cent to $39.47 an ounce in the Asian region.
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