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Silver prices edged higher by Rs 195 to Rs 36,368 per kg at the futures trade today after participants built up positions taking positive cues from overseas market.
On the Multi Commodity Exchange, silver prices for delivery in March rose Rs 195 or 0.54 per cent to Rs 36,368 per kg in a business turnover of 1,228 lots.
Similarly, the metal for delivery in May traded higher by Rs 187 or 0.51 per cent at Rs 37,039 per kg in 16 lots.
Analysts said the rise in silver prices at futures trade was mostly in line with a firm trend in the global market amid concern that growth may be slowing from China to Europe even as the US recovers, spurring demand for a protection of wealth.
Meanwhile, silver gained 1.6 per cent to $15.91 an ounce in Singapore.
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