Silver futures climb Rs 185 a kg on firm global cues

Silver prices were up by Rs 185 to trade at Rs 41,715 per kg in futures trading today as participants indulged in enlarging positions amid a firm trend in precious metals overseas.

In futures trading, silver for delivery in May was up by Rs 185, or 0.45 per cent, at Rs 41,715 per kg at the Multi Commodity Exchange, in a business turnover of 129 lots.

Analysts said widening of positions by speculators in step with a firm trend in global markets as a weaker dollar raised appeal of the precious metals, influenced silver prices at futures trade.

Globally, silver rose 0.56 per cent higher at USD 17.84 an ounce in Singapore today.

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