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Silver prices spurted Rs 337 to Rs 38,360 per kg at the futures trade as participants widened their positions, tracking a firm trend in global market.
At the Multi Commodity Exchange, silver for delivery in far-month December was trading higher by Rs 337 or 0.89 per cent at Rs 38,360 per kg in a business turnover of 285 lots.
Similarly, the white metal for delivery in September was up by Rs 263 or 0.70 per cent at Rs 37,673 per kg in 18,240 lots.
Analysts said a firm trend overseas, where silver rallied and a weak dollar raised the demand for the safe-haven, mainly influenced the white metal prices at the futures trade.
Globally, silver rose 1.12 per cent to $16.26 an ounce in New York yesterday
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