Tracking a firming trend in the global markets, silver moved up by 1.19% to Rs 51,939 per kg in futures trading today.
At the Multi Commodity Exchange, silver for delivery in March rose by Rs 609, or 1.19%, to Rs 51,939 per kg, with a business turnover of 8,435 lots.
Likewise, the metal for delivery in May traded higher by Rs 589, or 1.12%, to Rs 53,050 per kg, with a trade volume of 286 lots.
Market analysts said the rise in silver futures prices was mostly supported by a firming trend overseas on reports of geopolitical tensions over Iran, spurring investors to buy the precious metal as a haven.
In the Asian region, silver prices rose by 1.51% to $28.28 an ounce in early trade today.
