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Silver prices were up by Rs 194 at Rs 39,099 per kg at the futures trade as participants raised their bets owing to a firm global trend.
At the Multi Commodity Exchange, silver for delivery in May was trading higher by Rs 194 or 0.50 per cent at Rs 39,099 per kg in a business turnover of 7 lots. Similarly, the white metal for delivery in March rose Rs 193 or 0.50 per cent to Rs 38,531 per kg in a business volume of 419 lots.
Analysts attributed the rise in silver prices at the futures trade to raising of bets by participants, tracking a firm trend in precious metals overseas. Globally, silver rose 0.60 per cent to $16.72 an ounce in Singapore.
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