Tracking a firm trend in the
precious metals overseas, silver prices soared by Rs 122 to Rs 36,983 per kg in futures trade today as speculators widened their bets.
In futures trading at the Multi Commodity Exchange, silver for delivery in September shot up by Rs 122 or 0.33 per cent to Rs 39,683 per kg in a business turnover of 285 lots.
The white metal for delivery in far-month December was trading higher by Rs 118 or 0.31 per cent to Rs 37,807 per kg in 184 lots.
Market analysts said speculative position created by participants, driven by firm global trend, mainly supported the upside in silver futures prices here.
Globally, silver rose 0.38 per cent to USD 14.57 an ounce in Singapore today.
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