Silver futures up Rs 98 on global cues

New Delhi: Silver prices were up by Rs 98 to Rs 33,433 per kg in futures trade today after participants raised their bets amid firming global trends.

At the Multi Commodity Exchange, silver for delivery in March was up by Rs 98 or 0.29 per cent, to Rs 33,433 per kg
in a business turnover of 476 lots.

Similarly, the white metal for delivery in far-month May traded higher by Rs 90 or 0.27 per cent, to Rs 33,857 per kg
in 13 lots.

Analysts attributed the rise in silver prices at futures trade to a firming trend in the precious metal overseas as growing tension between Saudi Arabia and Iran spurred demand for the precious metals as a safe haven investment.

Meanwhile, silver traded 0.33 per cent higher at USD 13.88 an ounce in Singapore.

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