The silver price has risen by 0.17% to ₹239,427 as investors await key inflation data from the US.
This follows a decline in the dollar value and increased expectations of a rate hike at the upcoming Federal Reserve policy meeting.
Markets are now pricing a 60% probability of a US rate hike, up from 50% last week.
The European Central Bank and Bank of Japan are also expected to raise rates this month.
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