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Silver futures up on firm global trend

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Press Trust of India New Delhi
Last Updated : Sep 04 2019 | 12:55 PM IST

Silver prices rose by Rs 774 to Rs 50,452 per kg in futures trade on Wednesday as investors widened positions in line with positive global market.

At the Multi Commodity Exchange, silver for delivery in September gained 1.56 per cent, or Rs 774 to Rs 50,452 per kg in turnover of 39 lots.

For December delivery, the white metal jumped Rs 470, 0.93 per cent to Rs 51,041 per kg in business turnover lots of 8,268.

Traders said, fresh bets by participants in line with a firm trend in global markets mainly led to rise in silver futures.

In the international market, silver was quoting higher by 1.37 per cent at USD 19.50 an ounce in New York.

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First Published: Sep 04 2019 | 12:55 PM IST

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