Silver futures on Monday traded higher by Rs 1,008 to Rs 48,535 per kg after speculators raised bets, driven by a firm trend overseas.
Silver contracts for March delivery rose by 2.12 per cent, or Rs 1,008, to Rs 48,535 per kg in a business turnover of 5,945 lots on the Multi Commodity Exchange.
Besides, the white metal to be delivered in May jumped by Rs 1,024, or 2.13 per cent, to Rs 49,051 per kg in 37 lots.
Analysts said widening of positions by traders in sync with a firm trend overseas mainly influenced silver prices here.
In the international market, silver traded higher by 1.73 per cent at USD 18.47 an ounce in New York.
Disclaimer: No Business Standard Journalist was involved in creation of this content
