Silver rose by Rs 550 to Rs 67,481 per kg in the futures market today on increased buying by traders on the back of a firm global trend.
Increasing demand in the spot market further fuelled the uptrend.
At the Multi Commodity Exchange, March silver surged by Rs 550, or 0.82%, to Rs 67,481 per kg, with a business turnover of 303 lots.
The December contract shot up by Rs 528, or 0.80%, to Rs 66,125 per kg, with a business turnover of 15,232 lots.
Market analysts said increased buying by traders on the back of a rising trend in the spot and overseas markets, mainly led to the rise in silver futures prices.
Meanwhile, silver rose by 0.7% to $42.63 an ounce in Singapore.