Buoyed by a firming trend overseas, silver continued its winning streak in futures trade with prices rising by another 0.75% to Rs 62,200 per kg today.
In addition, pick-up in demand at the domestic markets on the back of marriage season also supported the upside in silver prices at futures trade.
At the Multi Commodity Exchange, silver for March delivery gained Rs 465, or 0.75%, to Rs 62,200 per kg, with a trade turnover of nine lots.
Silver for September delivery traded Rs 118, or 0.20%, higher at Rs 59,935 per kg, after rising to Rs 60,100, clocking a turnover of 3,756 lots.
Market analysts said continued rise in silver prices at futures trade is due to a firming trend overseas as US lawmakers failed to reach an agreement on raising the federal debt limit, boosting demand for the precious metals as a protection of wealth.
Meanwhile, silver shot up by 0.10% to $40.13 an ounce in Asian region.
