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Silver futures up on increased offtake

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Press Trust of India New Delhi
Last Updated : Jan 21 2013 | 2:31 AM IST

Silver futures today moved up by Rs 358 to Rs 58,690 per kg on increased offtake by traders, driven by a pick-up in demand at existing low levels.

At the Multi Commodity Exchange, March silver rose by Rs 358, or 0.6%, to Rs 58,690 per kg, with a business turnover of 157 lots.

The May delivery moved up by Rs 203, or 0.34%, to Rs 60,520 per kg, in 5,504 lots.

Analysts said increased offtake by traders on the back of a rise in demand at prevailing lower levels mainly pushed up silver prices at futures market.

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First Published: Mar 02 2012 | 1:40 PM IST

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