Silver Rises On Firm Global Cues

Silver futures closed higher in the domestic market on Friday tracking a firming trend in precious metals overseas as speculators widened their positions.

Market analysts said speculative position built up by participants, driven by firm global trend, mainly contributed to the rise in silver prices at futures trade.

At the MCX, silver futures for July 2017 contract closed at Rs 40,130 per kg, up by 0.82 per cent, after opening at Rs 39,854, against a previous close of Rs 39,802. It touched the intra-day high of Rs 40,195.

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Suhani Verma

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