Buoyed by firming overseas trend, silver futures prices shot up by over one per cent to Rs 51,307 per kg as traders enlarged their positions.
Firming trend in the spot market on rising demand, driven by the ongoing marriage season, too supported the uptrend in the silver prices at futures trade here.
At the Multi Commodity Exchange, silver for delivery in May climbed Rs 536, or 1.06 per cent, to trade at Rs 51,307 per kg, with a business turnover of 4,275 lots.
The white metal prices for delivery in March also rallied by Rs 400, or 0.94 per cent, to trade at Rs 50,571 per kg, with a business turnover of 7,347 lots.
Silver in the Asian region, gained 0.45 per cent, to trade at $33.55 an ounce. Analysts said firming trend in precious metals in global market due to fears of violent unrest in Libya, continued to boost safe-haven demand.