Silver futures prices shot up by 0.59% to Rs 59,177 a kg today as speculators created fresh positions after white metal climbed to a 31-year high in global market.
Firming trend at the domestic spot market also influenced silver prices at futures trade here.
At the Multi Commodity Exchange, silver for delivery in September gained Rs 343, or 0.59%, to trade at Rs 59,177 per kg, with a business turnover of a single lot.
The May contract moved up by Rs 9,228, or 0.40%, to Rs 57,755 per kg, with an open interest of three lots.
Globally, silver in the Asian region, gained 0.25%, to trade at $39.38 an ounce, the highest price since 1980.
