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Silver prices were up by Rs 62 at Rs 42,633 per kg at the futures trade as participants indulged in enlarging positions amid a firm trend in precious metals overseas.
Silver for delivery in July was trading up by Rs 63 or 0.15 per cent at Rs 43,111 per kg at the Multi Commodity Exchange in a business turnover of 8 lots.
Likewise, the white metal for delivery in May was trading higher by Rs 62 or 0.15 per cent at Rs 42,633 per kg in 334 lots.
Analysts said widening of positions by speculators in step with a firm trend in global markets as continued geopolitical tensions boosted the metal’s appeal as a haven asset, influenced silver prices at the futures trade.
Globally, silver rose 0.3 per cent to $18.57 an ounce in Singapore.
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