Silver prices rose by Rs 183 to Rs 58,757 per kg in futures trade today on pick up in spot market demand in view of the festive season amid a firm global trend.
At the Multi Commodity Exchange, silver for delivery in December rose by Rs 183, or 0.31%, to Rs 58,757 per kg, with a business turnover of 15,122 lots.
March silver moved up by Rs 164, or 0.27%, to Rs 60,600 per kg, with a business turnover of 808 lots.
Marketmen said pick up in spot market demand, driven by the festive season, amid a firm global trend pushed up silver prices at futures trade.
Meanwhile, silver rose by 0.6% to $31.36 an ounce in London.