Continuing its record-setting spree, silver futures prices went past Rs 41,000 per kg level for the first time ever today after the white metal surged to a fresh 30-year high in global markets.
A firm trend in the spot market, where it climbed to record levels as well, too, influenced the prices at the futures market here.
At the Multi Commodity Exchange platform, silver for December contract delivery surged by Rs 688, or 1.57 per cent, to a level never seen before at Rs 41,418 per kg, with a business turnover of two lots.
Similarly, the metal for delivery in March contract gained Rs 761, or 1.75 per cent, to trade at record level of Rs 41,684 per kg, with a trade volume of three lots.
Rising demand for the precious metal at domestic bullion markets, also helped silver to cross the psychological mark of Rs 41,000 per kg for the first time in the history of futures market. Meanwhile, silver futures prices have risen by 0.9 per cent to USD 27.98 an ounce in global markets, the highest level since March 1980.
