Silver Up On Strong Global Cues

Silver futures closed higher in the domestic market on Monday as participants engaged in extending their positions taking strong cues from global market. Marketmen attributed the rise in silver prices at futures trade to a strong trend in the precious metals overseas.

At the MCX, silver futures for September 2017 contract closed at Rs 37,425 per kg, up by 1.23 per cent, after opening at Rs 37,198, against a previous close of Rs 36,970. It touched the intra-day high of Rs 37,500.

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Suhani Verma

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