Silver prices went up by Rs 248 to trade at Rs 37,520 per kg at the futures trading today as participants indulged in enlarging positions amid a firm trend in precious metals overseas.
Silver for delivery in December was up by Rs 248 or 0.67 per cent at Rs 37,520 per kg on the Multi Commodity Exchange in a business turnover of 827 lots.
Likewise, the white metal for delivery in far-month March 2016 spurted Rs 227 or 0.60 per cent to Rs 38,227 per kg in two lots.
Analysts said widening of positions by speculators in line with a firm trend in global markets, influenced silver prices at the futures trade.
Meanwhile, silver was up 0.69 per cent at $16.02 an ounce in Singapore today.