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Silver prices rose by Rs 178 to Rs 45,250 per kg in futures trading today, taking positive cues from the global markets, as speculators enlarged positions.
Besides, rising demand in spot markets also supported the upside.
At the Multi Commodity Exchange, silver for delivery in September rose by Rs 178, or 0.39% to Rs 45,250 per kg in business turnover of 142 lots.
Likewise, the silver for delivery in July contracts traded higher by Rs 254, or 0.35% to Rs 44,575 per kg in 2,559 lots.
Analysts said fresh positions built up by speculators buoyed by a firm global trend largely on speculation that the US Federal Reserve will maintain record stimulus to bolster growth, mainly pushed up silver prices at futures trade.
Meanwhile, silver rose 0.40% to $22.88 an ounce in Singapore.
