Silver futures jump to Rs 44,936 per kg
On the Multi Commodity Exchange, silver for delivery in December traded higher by Rs 436 or 0.98 per cent to Rs 44,936 per kg in a business turnover of 987 lots.
Similarly, the white metal for delivery in far-month March contracts traded higher by Rs 431 or 0.94 per cent at Rs 46,350 per kg in a turnover of 77 lots.
In the international market, silver rebounded to $20.11 an ounce in Singapore from yesterday’s $19.59, the lowest since August 8.
Market analysts said besides short-covering by speculators, a recovery in precious metals in the global market as the dollar weakened and lower prices spurred demand in China, the second-largest consumer, influenced silver prices at the futures trade here.