Silver futures soared 2.37 per cent to Rs 42,343 per kg Monday after speculators raised bets, driven by a firm trend overseas.
Silver for delivery in September contracts traded higher by Rs 979, or 2.37 per cent, to Rs 42,343 per kg in a business turnover of 13,022 lots on the Multi Commodity Exchange.
In a similar manner, the white metal to be delivered in far-month December contracts advanced by Rs 964, or 2.28 per cent, to Rs 43,250 per kg in 281 lots.
Analysts said widening of positions by traders in sync with a firm trend overseas for precious metals influenced silver prices at futures trade here.
In the international market, silver traded higher by 1.87 per cent at USD 16.51 an ounce in New York.
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