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Tracking a rising trend in global markets, silver futures prices today rose by 0.47% to Rs 42,168 per kg as speculators built fresh positions amid covering-up of short positions.
At the Multi Commodity Exchange, silver for delivery in September traded higher by Rs 199, or 0.47%, to Rs 42,168 per kg in business turnover of 1,458 lots.
On similar lines, the white metal for delivery in far-month December traded Rs 174, or 0.41%, higher at Rs 42,882 per kg in a turnover of 58 lots.
In the international market, silver traded slightly higher at $19.92 an ounce in Singapore.
Market analysts said besides covering up of short positions by speculators, a firming trend in the precious metals in the global market as US jobs data backed the case for the Federal Reserve to maintain stimulus.
