Silver futures on Tuesday traded higher by Rs 58 to Rs 47,604 per kg after speculators raised bets, driven by a firm trend overseas.
Silver contracts for March delivery rose Rs 58, or 0.12 per cent, to Rs 47,604 per kg in a business turnover of 6,996 lots on the Multi Commodity Exchange.
The white metal to be delivered in May also jumped Rs 55, or 0.11 per cent, to Rs 48,130 per kg in 51 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 0.31 per cent higher at USD 18.24 an ounce in New York.
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