Silver moves up Rs 697 in futures trade on global cues


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Silver prices soared by Rs 697 to Rs 38,046 per kg in futures trade today after participants built up positions taking positive cues from overseas markets.

At the Multi Commodity Exchange, silver prices for delivery in May spurted by Rs 697, or 1.87 per cent, to Rs 38,046 per kg in business turnover of 941 lots.

Similarly, the metal for delivery in far-month July contracts traded Rs 695, or 1.84 per cent, higher at Rs 38,473 per kg in 21 lots.

Globally, silver gained 0.2 per cent to USD 17.10 an ounce in Singapore.
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