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Silver prices jumped Rs 379, or 0.71%, to Rs 53,850 per kg in futures trading today as speculators created positions largely in tandem with a firming overseas trend.
At the Multi Commodity Exchange, silver for delivery in September traded Rs 379, or 0.71% higher at Rs 53,850 per kg in business turnover of 1,195 lots.
Likewise, silver for delivery in December traded higher by Rs 389, or 0.71%, to Rs 54,850 per kg in 105 lots.
Market analysts said fresh positions created by speculators largely in tandem with a firming trend overseas, as investors weighed the outlook for stimulus in the US, with a slump in new-home sales boosting the case for sustained debt-buying, influenced silver prices at futures trade.
Meanwhile, in Singapore silver climbed 1% to $24.30 an ounce, the highest price since May 6.
