Silver up on firm global cues

Silver futures closed higher in the domestic market on Thursday as participants raised their bets amid firming global trends. Analysts attributed the rise in silver prices at futures trade to a firming trend in the precious metals overseas.

At the MCX, silver futures for May 2017 contract closed at Rs 42,596 per kg, up by 0.93 per cent, after opening at Rs 42,301, against a previous close of Rs 42,202. It touched the intra-day high of Rs 42,694.

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Suhani Verma

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