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Silver prices jumped Rs 107 to Rs 38,697 per kg at the futures trade as speculators widened positions, tracking a firm trend in precious metals overseas.
At the Multi Commodity Exchange, silver for delivery in September surged Rs 107 or 0.28 per cent to Rs 38,697 per kg in a business turnover of 675 lots.
The white metal for delivery in December was trading higher by Rs 100 or 0.26 per cent to Rs 39,220 per kg in 20 lots.
Market analysts said, speculative positions built up by participants driven by a firm global trend due to prevailing tensions between the US and North Korea raising demand for the precious metals as a safe-haven, influenced the white metal prices here.
Meanwhile, silver surged 2.95 per cent to $16.92 an ounce in New York yesterday.
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