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Silver prices edged higher by Rs 195 to Rs 36,368 per kg in futures trade today after participants built up positions taking positive cues from overseas markets.
At the Multi Commodity Exchange, silver prices for delivery in March rose by Rs 195, or 0.54%, to Rs 36,368 per kg in business turnover of 1,228 lots.
Similarly, the metal for delivery in May traded Rs 187, or 0.51%, higher at Rs 37,039 per kg in 16 lots.
Analysts said the rise in silver prices at futures trade was mostly in line with a firming trend in the global market amid concern that growth may be slowing from China to Europe even as the US recovers, spurring demand for a protection of wealth.
Meanwhile, silver gained 1.6% to $15.91 an ounce in Singapore.
