Silver futures rise 0.45% on firm global cues

Silver futures rose 0.45 per cent at Rs 40,115 per kg Tuesday after speculators raised bets, driven by a firm trend overseas.

Silver for delivery in March traded higher by Rs 179, or 0.45 per cent, at Rs 40,115 per kg in a business turnover of 15,549 lots at the Multi Commodity Exchange.

In a similar manner, the white metal to be delivered in far-month May advanced by Rs 213, or 0.53 per cent, to Rs 40,750 per kg in 2,998 lots.

Analysts said widening of positions by traders in sync with a firm trend overseas for precious metals, influenced silver prices at futures trade here.

In the international market, silver traded higher at USD 15.85 an ounce in Singapore.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)