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Supported by a firming trend overseas, silver prices rose 0.55 per cent to Rs 66,625 per kg at the futures trade today as speculators enlarged their positions.
At the Multi Commodity Exchange, silver for delivery in September rose Rs 364 or 0.55 per cent to Rs 66,625 per kg with a business turnover of 12,099 lots. Similarly, the metal for delivery in December moved up by Rs 349 or 0.37 per cent to Rs 68,050 per kg with a trade turnover of 76 lots.
Analysts attributed the continued rise in silver futures prices to a firming trend in precious metals in world markets as the global economic slowdown and European debt crisis boosted the demand for silver as an investment haven.
Meanwhile, silver shot up 1.66 per cent to $43.61 an ounce in the Asian region today.
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