NEW DELHI, Oct 21: Silver prices edged higher by 0.34 per cent to Rs 38,663 per kg in futures trade today after speculators enlarged their positions amid a firming trend overseas.
At the Multi Commodity Exchange, silver for delivery in far-month December gained Rs 130, or 0.34 per cent, to Rs 38,663 per kg in a business turnover of 656 lots.
Analysts attributed the rise in silver prices at futures trade to a firming trend in the precious metals overseas and pick up in domestic demand on the back of ongoing festive season.
Meanwhile, silver traded 0.90 per cent higher at USD 17.43 an ounce in New York in yesterday’s trade. (PTI)
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