Tracking global market rally, silver prices spurted Rs 104 to Rs 34,685 per kg at the futures trade today, as participants created speculative position.
Silver for delivery in September was trading higher by Rs 104 or 0.3 per cent at Rs 34,685 per kg in a business turnover of 215 lots on the Multi Commodity Exchange.
Also, the white metal for delivery in far-month December gained Rs 88 or 0.25 per cent to Rs 35,421 per kg in 1,242 lots.
In the international market, silver added 0.3 per cent to $14.67 an ounce in Singapore, rising for the fourth straight day.
Analysts said a firm trend in global market, after a factory gauge in China shrank to a three-year low, deepening concern about the slowdown in the world’s second-biggest economy and boosting demand for the precious metals as a safe haven, mainly influenced silver futures here.