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Silver prices went up 0.54 per cent to Rs 57,657 per kg at the futures trade today as speculators enlarged their positions at the prevailing levels after yesterday’s steep fall.
At the Multi Commodity Exchange, silver prices for delivery in May were up Rs 316 or 0.54 per cent to Rs 58,976 per kg in a business turnover of 152 lots. Similarly, the white metal for delivery in May traded higher by Rs 306 or 0.53 per cent to Rs 57,657 per kg in 3,371 lots.
Analysts said speculative positions created by participants at the prevailing attractive levels after yesterday’s steep fall, mainly attributed to the recovery in silver prices at the futures trade but a weak trend overseas, limited the gains.
Globally, silver fell as much as 1.1 per cent to $29.64 an ounce, the lowest level since August 22 in Singapore.
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