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Silver prices surged in futures trade on Thursday, climbing by Rs 616 to reach Rs 93,448 per kilogram, driven by increased investor activity amid robust spot demand.
According to data from the Multi Commodity Exchange, silver contracts for September delivery rose by Rs 616 or 0.66%, reaching Rs 93,448 per kg in 23,587 lots.
Market analysts attributed the price hike to heightened buying interest among traders, reflecting a positive domestic market sentiment.
Internationally, silver prices also saw gains, trading 0.87% higher at USD 31.05 per ounce in New York.
The upward movement in silver futures underscores growing confidence among investors, buoyed by strong spot demand and favorable global trends.
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