NEW DELHI, Sept 19: Silver regained Rs 52,000 per kg level today in futures trade as prices climbed 2.76 cent to Rs 52,097 per kg, taking positive cues from the global market after the US Federal Reserve decided to keep its stimulus programme intact.
At the Multi Commodity Exchange, silver prices for delivery in March contracts rose sharply by Rs 1,398, or 2.76 per cent, to trade at Rs 52,097 per kg, in business turnover of 41 lots.
The white metal prices for delivery in December too zoomed by Rs 1,406, or 2.84 per cent, to Rs 50,983 per kg in a turnover of 1,240 lots.
Market analysts said speculative positions created by participants following gains in the precious metals overseas in response to a surprise decision by the US Federal Reserve to keep its massive stimulus programme intact, mainly influenced silver prices at futures trade here.
Besides, a hike in import duty on gold and silver jewellery by 5 per cent to 15 per cent by the government on Tuesday supported the upside, they said.
Globally, silver gained 0.8 per cent to USD 23.13 an ounce in Singapore today after soaring 5.5 per cent yesterday. (PTI)
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