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Commodities

Silver Soars Nearly 2% Amid Global Cues

Guavy AI Editorial Team
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Oil Silver
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Silver prices surged nearly 2 per cent in futures trade on Friday, mirroring global cues. On the Multi Commodity Exchange (MCX), the white metal for September delivery climbed by Rs 4,149 to Rs 2,44,800 per kilogram.

The rally was driven by easing concerns over oil supply disruptions, which supported bullion prices worldwide. This trend saw silver futures recover from early losses and trade higher throughout the day.

The price hike is significant, as it marks a notable gain in a short span of time. The MCX data indicates that the white metal has maintained its upward momentum despite some volatility in recent sessions.

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