Silver futures climb to Rs. 39,804 per kg

London (Aug 11)  Silver prices went up by Rs. 105 to Rs. 39,804 per kg at futures trading today as speculators widened positions amid a firm trend in precious metals overseas.

At the Multi Commodity Exchange, silver for delivery in December traded higher by Rs. 105 or 0.26 per cent at Rs. 39,804 per kg in a business turnover of 13 lots.

Likewise, the white metal for delivery in September was trading higher by Rs. 55, or 0.14 per cent, to Rs. 39,268 per kg in 1,000 lots.

Market analysts said speculative positions built up by participants, tracking a better trend in global markets for precious metals, supported the upside in silver prices at the futures trade here.

Meanwhile, silver surged 1.06 per cent to $17.10 an ounce in New York yesterday.

BusinessLine