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Silver futures up 0.81% on global cues

firming trend in precious metals in the global market on optimism that global stimulus will be sustained, influenced silver prices at futures trade here

Press Trust of India New Delhi
 
Silver prices rose by 0.81% to Rs 44,900 per kg in futures trade today largely in tune with a rising trend in precious metals overseas.

At the Multi Commodity Exchange, the May contract traded higher by Rs 359, or 0.81%, to Rs 44,900 per kg in business turnover of 77 lots.

The July contract traded Rs 342, or 0.77%, higher at Rs 44,975 per kg in a turnover of 1,768 lots.

In the international market, silver added 1.2%, to trade at $24.12 an ounce in Singapore.

Analysts said a firming trend in precious metals in the global market on optimism that global stimulus will be sustained, influenced silver prices at futures trade here. 

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First Published: May 03 2013 | 1:41 PM IST

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