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Tracking a firm trend overseas, silver prices moved sharply up by Rs 223 to Rs 39,400 per kg at the futures trade as traders built up fresh positions.
At the Multi Commodity Exchange, silver for delivery in far-month September was trading higher by Rs 223 or 0.57 per cent at Rs 39,400 per kg in a business turnover of six lots.
Similarly, the white metal for delivery in July was trading higher by Rs 218, or 0.56 per cent, at Rs 38,962 per kg in 853 lots.
Market analysts said fresh positions created by participants in line with a firm trend in global markets, as the dollar slipped against a basket of currencies, mainly influenced silver prices at the futures trade.
Meanwhile, silver rose 0.09 per cent to $16.85 an ounce in Singapore.
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