At the Multi Commodity Exchange, metal prices for delivery in October went up by Rs 318, or 1.06 percent, to trade above Rs 30,308 per ten gram, in a turnover of 868 lots.
     
On the similar lines, the metal prices for delivery in far-month December shot up by Rs 163, or 0.88 percent, to Rs 30,110 per 10 gm, in a business volume of 121 lots.
    
Analysts attributed gains in the precious metal at futures trade to a firm trend in the overseas markets as the Federal Reserve decided to keep its stimulus programme intact, raising demand for the precious metal.
    
Besides, hike in import duty on gold and silver jewellery to 15 percent from 10 percent by the government, also influenced prices, they said.
    
Globally, gold soared by USD 55.30, or 4.22 percent, the most since June 1, 2012, to USD 1,365.30 an ounce in New York on Wednesday.

Silver futures regain Rs 52,000 per kg level on overseas trend

Silver regained Rs 52,000 per kg level in futures trade as prices climbed 2.76 cent to Rs 52,097 per kg, taking positive cues from the global market after the US Federal Reserve decided to keep its stimulus programme intact.
    
At the Multi Commodity Exchange, silver prices for delivery in March contracts rose sharply by Rs 1,398, or 2.76 percent, to trade at Rs 52,097 per kg, in business turnover of 41 lots.
    
The white metal prices for delivery in December too zoomed by Rs 1,406, or 2.84 percent, to Rs 50,983 per kg in a turnover of 1,240 lots.
        
Globally, silver gained 0.8 percent to USD 23.13 an ounce in Singapore on Thursday after soaring 5.5 percent on Wednesday.

(Agencies)

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