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Silver surges over 0.5% on global trend

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 1:37 AM IST

Taking firm cues from global markets on euro zone debt worries, silver futures traded Rs 227 higher at Rs 44,570 per kg as speculators enlarged positions.

At the Multi Commodity Exchange counter, silver for delivery in March contract climbed by Rs 227, or 0.51 per cent to Rs 44,570 per kg, with a turnover of 3 lots.

The silver for delivery in May contract also shot up by Rs 219, or 0.49 per cent to trade at Rs 44,758 per kg, recording a turnover of one lot.

Globally, silver in the Asian region, gained 0.2 per cent, to trade at $29.33 an ounce.

According to analysts, a firm trend in silver as weakness in euro against the dollar on concerns over euro zone debt, boosted appeal for the metals mainly influenced silver futures prices here.

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First Published: Dec 20 2010 | 11:55 AM IST

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