Silver moved up by 1.23 per cent to Rs 56,260 per kg

Taking positive cues from global market, silver moved up by 1.23% to Rs 56,260 per kg in futures trading today.

At the Multi Commodity Exchange, silver for delivery in March rose by Rs 712, or 1.28%, to Rs 56,260 per kg, with a business turnover of 5,401 lots.

Likewise, the metal for delivery in May traded higher by Rs 497, or 1.23%, to Rs 57,363 per kg, with a trade volume of 196 lots.

Analysts said the rise in silver futures prices was mostly supported by a firming trend in the precious metals overseas.

In the Asian region, silver prices rose by 0.84% to $32.47 an ounce in Singapore in early trade today. – PTI

Tags: price of silver, Silver, silver analysis, silver futures, silver futures prices, silver news, silver price, silver prices, silver spot, spot silver

Posted by Silver Guru on Jan 23 2012. Filed under Silver prices. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry