Silver rallied by Rs 257 to Rs 41,080 per kg in futures trade today as the metal gained in global markets amid geopolitical tensions.
At the Multi Commodity Exchange, silver for delivery in March surged Rs 257, or 0.63 per cent, to Rs 41,080 per kg in a business turnover of 48 lots.
The metal for delivery in December too was trading higher by Rs 229, or 0.57 per cent, to Rs 40,505 per kg in 916 lots.
Market analysts said participants built up positions amid a firm global trend amid growing tensions between the US and North Korea, which drove investors towards safe-haven assets. This influenced gold prices at futures trade here.
Meanwhile, silver surged 0.35 per cent to $17.22 an ounce in Singapore today.