Silver Gains on Global Cues, Hits INR 2.51 Lakh/kg

Apr 17 (BNP): Silver prices rose sharply in futures trade on Friday, tracking positive global cues and improved investor sentiment.

On the Multi Commodity Exchange, silver for May delivery climbed ₹3,371, or 1.36 per cent, to ₹2,51,999 per kilogram.

The rise in prices was supported by a weaker US dollar and easing geopolitical tensions in West Asia, which boosted demand for safe-haven assets in global markets.

Analysts said the metal also gained strength from supportive international trends, as investors reacted to a softer dollar and improving risk sentiment across commodities.

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