Silver prices spurted Rs 187 to
Rs 36,894 per kg in futures trade Friday as participants engaged in enlarging their positions, tracking a firm trend overseas.
Besides, pick-up in demand at the domestic spot market from local jewellers as well as retailers too supported the upside.
At the Multi Commodity Exchange, silver for delivery in November was trading higher by Rs 187, or 0.51 per cent at Rs 36,894 per kg in a business turnover of 1,043 lots.
Also, silver for delivery in December gained Rs 179, or 0.49 per cent, to Rs 36,870 per kg with a bsuiness turnover of 1,143 lots.
Market analysts said widening of bets by speculators in sync with a firm trend in global markets for precious metals, supported the upside in silver prices at futures trade here.
In the international market, silver was up by 0.14 per cent at USD 14.39 an ounce in Singapore Friday.
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