Silver futures rise by Rs 1000 per kg

Silver futures surged on MCX on Thursday on firm global cues and increase in physical demand.

Sentiment of gold, silver rallied following the Minutes of the Federal Reserve Meeting which suggested easing measures in the US.

The minutes from the Fed's last meeting, released Wednesday, renewed hopes that the Federal Reserve is ready to take more easing steps, including the possibility of another round of quantitative easing.

Silver futures contract for delivery in September rose by Rs 1,344 on MCX and was seen trading at Rs 56,6539 per kgs at 10.30 am IST.

Silver's December contract at the Multi Commodity Exchange, opened higher at Rs 58,176 per kg.

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