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Silver prices rose 0.41 per cent to ₹2.40 lakh per kg in the futures trade on Wednesday amid a firm global trend.
On the Multi Commodity Exchange, the white metal for December delivery increased by ₹989, or 0.41 per cent, to ₹2,40,416 per kilogram in a business turnover of 1,192 lots.
Fresh positions built up by participants led to a rise in silver prices, analysts said.
In the overseas market, silver futures increased 1.17 per cent to $66.51 per ounce.