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Silver prices were up by Rs 98 to Rs 33,433 per kg at the futures trade today after participants raised their bets amid a firm global trend.
At the Multi Commodity Exchange, silver for delivery in March was up by Rs 98 or 0.29 per cent at Rs 33,433 per kg in a business turnover of 476 lots.
Similarly, the white metal for delivery in far-month May traded higher by Rs 90 or 0.27 per cent at Rs 33,857 per kg in 13 lots.
Analysts attributed the rise in silver prices at the futures trade to a firm trend in the precious metal overseas as growing tension between Saudi Arabia and Iran spurred demand for the precious metals as a safe haven investment.
Meanwhile, silver traded 0.33 per cent higher at $13.88 an ounce in Singapore.
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