Silver rises on firm global cues

Silver futures closed higher in the domestic market on Friday tracking a firming trend in precious metals overseas as speculators widened their positions. Market analysts said speculative position built up by participants, driven by firm global trend, mainly contributed to the rise in silver prices at futures trade.
At the MCX, silver futures for July 2017 contract closed at Rs 38,175 per kg, up by 0.48 per cent, after opening at Rs 38,093, against a previous close of Rs 37,992. It touched the intra-day high of Rs 38,293.

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