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Silver prices rose Rs 255 to Rs 41,490 per kg at the futures trade today as speculators raised bets amid a firm trend in precious metals overseas.
At the Multi Commodity Exchange, silver for delivery in far-month March was trading higher by Rs 255 or 0.62 per cent at Rs 41,490 per kg in a business turnover of 1,315 lots.
In a similar fashion, silver for delivery in May shot up by Rs 224 or 0.54 per cent to Rs 42,067, clocking a business turnover of 13 lots.
Market analysts said fresh positions built by speculators in line with a firm trend in global markets for precious metals influenced silver prices at the futures trade.
Meanwhile, silver was up 0.24 per cent at $16.91 an ounce in Singapore today.
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