Silver prices rose by Rs 199 to trade at Rs 40,820 per kg in futures trading today on firm trend in global markets.
In futures trading, silver for delivery in March next year was up by Rs 199, or 0.49 per cent, at Rs 40,820 per kg at the Multi Commodity Exchange, in a business turnover of 17 lots.
The white metal for delivery in December spurted Rs 183, or 0.46 per cent, to Rs 40,245 per kg in 945 lots.
Analysts said widening of positions by speculators in step with a firm trend in precious metals overseas influenced silver prices at futures trade. Besides, dollar's weakness amid investors awaiting the US Federal Reserve's interest-rate decision later today, fuelled the trend.
Silver rose by 0.61 per cent to USD 17.27 an ounce in New York yesterday.