Tracking a firm trend overseas, silver prices surged by Rs 576 to Rs 45,849 per kg in futures trading today as traders built up fresh positions.
At the Multi Commodity Exchange, silver for delivery in December soared Rs 576, or 1.27 per cent, to Rs 45,849 per kg, in a business turnover of 894 lots.
Similarly, the white metal for delivery in far-month March too was trading higher by Rs 536, or 1.16 per cent, to Rs 46,772 per kg in 9 lots.
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Market analysts said that fresh positions created by participants in line with a firm trend of the precious metals in global markets ahead of policy meetings at the US Federal Reserve and the Bank of Japan this week, mainly influenced silver prices at futures trade.
Meanwhile, silver rose 1.92 per cent to USD 19.12 an ounce in Singapore.
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