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Silver prices rose Rs 249 to Rs 39,610 per kg at the futures trade as traders increased their bets owing to a firm global trend.
At the Multi Commodity Exchange, silver for delivery in May moved higher by Rs 249 or 0.63 per cent to Rs 39,610 per kg in a business turnover of 16 lots. Similarly, the metal for delivery in March traded higher by Rs 189 or 0.49 per cent at Rs 39,128 per kg in 592 lots.
Analysts attributed the rise in prices to a firm trend overseas as a weak dollar boosted the demand for precious metals as a safe haven. Meanwhile, Silver rose 0.77 per cent to $17.09 an ounce in Singapore.
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