Silver prices rose by Rs 176 to Rs 64,188 per kg in futures trading today on increased buying by speculators on global cues.
At the Multi Commodity Exchange, silver for delivery in March rose by Rs 176, or 0.27%, to Rs 64,188 per kg, with a business turnover of 58 lots.
December silver traded higher by Rs 162, or 0.26%, to Rs 62,476 per kg, with a business turnover of 2,223 lots.
Marketmen attributed the rise in silver futures to a firming global trend as central banks and investors bought the precious metal to hedge against the prospect of weaker currencies and slowing growth.
Meanwhile, silver rose 0.6% to $33.95 an ounce in Singapore.
