Silver prices rose by Rs 169 to Rs 36,653 per kg in futures trading today as speculators indulged in creating fresh positions amid a firming trend in the precious metals overseas.
At the Multi Commodity Exchange, silver for delivery in March traded higher by Rs 169, or 0.46 per cent, at Rs 36,653 per kg in business turnover of 432 lots.
Likewise, the white metal for delivery in May traded higher by Rs 158, or 0.43 per cent, to Rs 37,312 per kg in 9 lots.
Market analysts said fresh positions built-up by speculators largely in tandem with a firming trend in the precious metals overseas as a retreat in stocks revived demand for an alternative investment, supported the upside in silver prices at futures trade.
Meanwhile, silver was up 0.70 per cent at USD 15.91 an ounce in Singapore.