Silver futures closed higher in the domestic market on Wednesday as participants widened their positions, tracking a firm trend in the global market.
Analysts attributed the rise in silver prices at the futures trade to expanding of positions by speculators, tracking a firm trend in precious metals overseas.
At the MCX, silver futures for December 2016 contract closed at Rs 42,100 per kg, up by 0.24 per cent, after opening at Rs 41,867, against a previous close of Rs 41,998. It touched the intra-day high of Rs 42,150.
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