Buoyed by a firming overseas trend, silver futures prices shot up by 0.79% as traders enlarged their positions.
At the Multi Commodity Exchange, silver for delivery in March climbed Rs 474, or 0.79% to Rs 60,616 per kg, with a business turnover of four lots.
The white metal prices for delivery in July also rallied by Rs 170, or 0.30% to trade at Rs 57,675 per kg, with a business turnover of 1,483 lots.
Similarly, the prices for delivery September rose by 164, or 0.29%to Rs 58,420 per kg, with a trade volume of 49 lots. Silver in the Asian region gained 0.37% to $38.10 an ounce in early trade today.
Analysts said a firming trend in precious metals overseas as concerns about Europe's debt crisis and accelerating inflation boosted the demand for the precious metals.
Besides, pick-up in demand at the domestic spot markets, driven by ongoing marriage season also buoyed the sentiments, they added.
