Tracking a firm trend overseas, silver prices gained Rs 35 to Rs 40,362 per kg at the futures trade today as traders built up fresh positions.
At the Multi Commodity Exchange, silver for delivery in March gained Rs 35 or 0.09 per cent to Rs 40,362 per kg in a business turnover of six lots. The white metal for delivery in December too was trading higher by Rs 13 or 0.03 per cent at Rs 40,362 per kg in 132 lots.
Market analysts said fresh positions created by participants in line with a firm trend in global markets mainly influenced silver prices at the futures trade.
Meanwhile, silver rose 0.27 per cent to $16.99 an ounce in Singapore.