Silver futures price extended gains for the second straight session by rising 0.23 per cent on the Multi Commodity Exchange (MCX) today on sustained buying by speculators influenced by firming global trend.

On the MCX platform, silver for September month contract gained 0.23 cent to Rs 22,779 per kg with an open interest of 10,454 lots. It ended 0.91 per cent higher in the previous day's trading.

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Market experts said sustained buying by speculators influenced by firming overseas trend mainly led to rise in silver prices at futures market.

Meanwhile, silver traded 0.14 cent higher at $14.05 an ounce in New York last evening.

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