At the Multi Commodity Exchange, silver for delivery in March rose Rs 204 or 0.39 per cent to Rs 52,770 per kg with a business volume of 2,031 lots. Likewise, the metal for delivery in May moved up by Rs 210 or 0.36 per cent to Rs 53,869 per kg with a trade turnover of 68 lots.
Market analysts the attributed recovery in silver futures to a firming global trend after a weaker dollar spurred demand for the precious metals as a safe haven.
Meanwhile, silver futures climbed 3.6 per cent to $29.81 an ounce in New York’s Comex last night after hitting a high of $30.31, the highest since December 14. For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today
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