Taking positive cues from the overseas markets and firm spot demand, silver maintained its upward journey with prices rising further by 0.70% to Rs 58,282 per kg in futures trade today.
At the MCX, silver for delivery in far-month December rose by Rs 404, or 0.70%, to Rs 58,282 per kg, with a business turnover of 1 lot.
The September contract traded higher by Rs 213, or 0.38%, to Rs 56,588 per kg, with a business volume of 71 lots.
Globally, silver traded 0.90% higher at $29.12 an ounce in Singapore.
Market analysts attributed persistent rise in silver prices at futures trade to a firming trend overseas along with firm demand at domestic spot markets.
