Silver prices spurted by Rs 337 to Rs 38,360 per kg in futures trading today as participants widened their positions, tracking a firm trend in global market.
At the Multi Commodity Exchange, silver for delivery in far-month December was trading notably higher by Rs 337, or 0.89 per cent, to Rs 38,360 per kg, in a business turnover of 285 lots.
Similarly, the white metal for delivery in September was up by Rs 263, or 0.70 per cent, to Rs 37,673 per kg in 18,240 lots.
Analysts said a firming trend overseas where silver rallied amid a weakening dollar raised demand for the safe- haven, mainly influenced the white metal prices at futures trade.
Globally, silver rose 1.12 per cent to USD 16.26 an ounce in New York yesterday.
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