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Silver prices were marginally up by 0.08% to Rs 38,550 per kg in futures trading today as participants built up fresh positions, tracking a better trend overseas.
At the Multi Commodity Exchange, silver for delivery in March next year gained by Rs 29, or 0.08% to Rs 38,550 per kg in business turnover of 1,734 lots.
Likewise, the white metal for delivery in far-month May contracts traded higher by Rs 33, or 0.08% to Rs 39,162 per kg in 43 lots.
Market analysts said fresh positions built up by speculators buoyed by a firm global trend as declines in equity markets revived demand for the precious metals as a haven, supported the upside in silver prices at futures trade here.
Meanwhile, silver jumped 5.2% to $17.12 an ounce in New York yesterday.
