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Silver futures prices rose by Rs 45 to Rs 47,019 per kg today, as speculators enlarged their positions on the back of a firming global trend.
At the Multi Commodity Exchange counter, silver for May contract rose by Rs 45 or 0.1 per cent to Rs 47,019 per kg with a trade volume of just one lot. Similarly, the metal for delivery in March moved up by Rs 43 or 0.09 per cent to Rs 46,306 per kg with a business turnover of three lots.
Market analysts said increased buying by speculators on pick-up in demand at the spot market, amid a firming global trend mainly led to the rise in silver futures prices.
Meanwhile, silver traded 0.2 per cent higher than its previous close at $30.74 in Asia.
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