Silver prices rose further by 0.51 per cent to Rs 38,775 per kg in futures market today as speculators raised their bets, driven by a firm trend overseas.
At the Multi Commodity Exchange, silver for delivery in May went up by Rs 198, or 0.51 per cent to Rs 38,775 per kg in business turnover of 638 lots.
Likewise, the white metal for delivery in July was trading higher by Rs 170, or 0.43 per cent to Rs 39,260 per kg in 13 lots.
Analysts said building up of positions by participants amid firming trend overseas as a softer dollar raised demand for the precious metals as a safe haven, mainly led to rise in silver prices at futures trade.
Meanwhile, silver rose 0.80 per cent to USD 16.47 an ounce in Singapore today.
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