Silver prices surged to record high in futures trade today by gaining Rs 367 to Rs 33,448 per kg in futures trade today on heavy buying by speculators and traders sparked by a firming global trend.
At the Multi Commodity Exchange counter, silver for July month surged by Rs 367, or 1.11 per cent to Rs 33,448 per kg with a business volume of one lot.
Similarly, the metal for delivery in December rose by Rs 125, or 0.38 per cent to Rs 33,156 per kg in two lots.
Marketmen said heavy buying by speculators and traders in tandem with a firming global trend mainly led to an upsurge in silver prices at futures trade.
They said the increased offtake by industrial units and coins manufacturers for the coming festivals and marriage season mainly kept the market in bullish mood.
Meanwhile, silver traded higher by 0.51 per cent to $21.85 an ounce in Asian region.
