Silver futures on Tuesday traded higher by Rs 365 to Rs 47,220 per kg after speculators raised bets, driven by a firm trend overseas.
Silver contracts for March delivery rose by Rs 365 to Rs 47,220 per kg in a business turnover of 4,838 lots on the Multi Commodity Exchange.
Besides, the white metal to be delivered in May jumped by Rs 367 to Rs 47,720 per kg in 26 lots.
Analysts said widening of positions by traders in sync with a firm trend overseas for precious metals mainly influenced silver prices here.
In the international market, silver traded 0.77 per cent higher at USD 18.14 an ounce in New York.
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