Silver Up On Firm Global Cues

Silver futures closed higher in the domestic market on Wednesday as speculators widened their bets amid a strong trend overseas. Market analysts said speculative position built up by participants, driven by firm global trend, mainly attributed to the rise in silver prices at futures trade.

At the MCX, Silver futures for September 2016 contract closed at Rs 44,016, per 1 kg, up by 0.08 per cent after opening at Rs 44,258, against the previous closing price of Rs 43,980. It touched the intra-day high of Rs 44,415.

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Suhani Verma

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