Taking positive cues from the global market, silver regained Rs 51,000 per kg level today in futuers trade for the first time since April as prices climbed 7.27 per cent to Rs 51,480 per kg after speculators enlarged positions. At the Multi Commodity Exchange, silver prices for delivery in far-month December contracts rose sharply by Rs 3,493, or 7.27 per cent, to trade at Rs 51,480 per kg, a level last seen in April, in business turnover of 51 lots.
The white metal prices for delivery in September too zoomed by Rs 3,646, or 7.82 per cent to Rs 50,219 per kg in a turnover of 498 lots. Globally, silver gained as much as much 0.8 per cent to $23.18 an ounce in Singapore today, the highest since May 22.
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