MCX Silver September futures contract move up by Rs 223 to Rs 43,614 per kg on global cues

Silver futures prices on MCX were trading higher today. At the Multi Commodity Exchange, Silver futures delivery in September traded higher by Rs 223, or 0.54per cent, to Rs 43,614 per kg. MCX Silver price hit an intraday high of Rs 43687 and an intraday low of Rs 43492. So far 1581 contracts have been traded in morning session.

Likewise, Silver for delivery in far-month December traded higher by Rs 223, or 0.55 per cent, to Rs 44,415 per kg.

At global market, meanwhile, silver added 0.40 per cent to USD 19.86 an ounce in Singapore.

Silver for immediate delivery rose as much as 0.4 percent to $19.8634 an ounce and traded at $19.8612. Earlier, the metal dropped to $19.74, the lowest level since June 18.

Commodity tips KheloMCX analysts said profiteers accumulated new positions marked by a firming trend in white metals overseas mainly pushed silver prices in futures trading.

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