Oct 05, 2012, 12.21 PM IST | Source: PTI

Silver futures surge 0.33% on global cues

Supported by a firm trend in global market, silver prices spurted by Rs 205 to Rs 62,310 per kg in futures trade today. At the Multi Commodity Exchange, silver for delivery in December surged by Rs 205, or 0.33 per cent, to Rs 62,105 per kg, with a business turnover of 2,147 lots.

Supported by a firm trend in global market, silver prices spurted by Rs 205 to Rs 62,310 per kg in futures trade today. At the Multi Commodity Exchange, silver for delivery in December surged by Rs 205, or 0.33 per cent, to Rs 62,105 per kg, with a business turnover of 2,147 lots.

Likewise, the white metal for delivery in far-month March gained Rs 191, or 0.30 per cent, to Rs 64,010 per kg, with a business volume of 50 lots. Marketmen said the rise in silver futures prices was in line with a strong global trend on speculation that moves by central banks around the world will boost demand for the precious metals. Globally, silver traded a shade higher at USD 35.05 an ounce.

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