Silver continued its winning streak and advanced 0.69 per cent to Rs 60,863 per kg in
futures trade on Friday, taking positive cues from global markets amid rising spot demand.
At the Multi Commodity Exchange,
silver for delivery in December rose Rs 416, or 0.63 per cent, to Rs 60,863 per kg, with an open interest of a single lot. Similarly, the white metal for delivery in May gained Rs 389, or 0.67 per cent, to Rs 58,325 per kg, with a business volume of two lots.
Analysts said besides a firming trend overseas, as financial turmoil in Europe and fighting in Libya bolstered its demand, domestic demand at the spot market also pushed silver futures prices upward.
Meanwhile, silver gained 0.70 per cent to trade at highest level since 1980 of $39.97 an ounce in Asian region.
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