Silver futures saw a notable rise on Thursday, reaching ₹2.08 lakh per kg on the Multi Commodity Exchange (MCX). The price of silver for December delivery climbed by ₹561, marking a 0.27% increase to ₹2,08,899 per kg. This uptick occurred amid a firm global trend and was supported by a business turnover of 3,125 lots.
Analysts attributed the rise in silver prices to fresh positions built by market participants. The overseas market also reflected this upward trend, with silver futures rising 0.61% to $55.89 per ounce.
Meanwhile, other key market indicators showed mixed movements. The SENSEX gained 1,354.03 points to close at 74,135.92, while the NIFTY rose by 374.70 points to 22,997.40. In contrast, crude oil prices fell by 177.00 points to 8,939.00, and gold prices increased by 1,618.00 points to 147,466.00.