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Silver futures traded 0.54 per cent higher at Rs 37,392 per kg today as participants created fresh speculative positions, tracking overnight gains in global market.
At the Multi Commodity Exchange, silver for delivery in far-month May was up by Rs 202, or 0.54 per cent, to Rs 37,392 per kg in a business volume of 3 lots.
Also, the white metal for delivery in March traded higher by Rs 276, or 0.48 per cent, to Rs 36,771 per kg in 516 lots.
Analysts said fresh positions created by speculators in tune with overnight gains in global markets as signs that money supplies will increase in Europe and Asia revived investor demand, influenced silver prices at the futures trade.
Meanwhile, silver increased 0.55 per cent to $16.38 an ounce in New York in yesterday’s trade.
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