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Silver prices breach Rs 3 lakh-per-kg mark in futures trade amid strong global cues

In international market, the March silver futures contract jumped by USD 5.81 to hit a record of USD 94.35 per ounce

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Silver prices surged on Monday to breach the record Rs 3 lakh-per-kg mark in futures trade for the first time, riding on strong investor demand and positive global trends.

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On the Multi Commodity Exchange (MCX), silver futures for March delivery skyrocketed by Rs 13,553, or 4.71 per cent, to hit a record of Rs 3,01,315 per kilogram.

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In the international market, the March silver futures contract jumped by USD 5.81, or 6.56 per cent, to hit a record of USD 94.35 per ounce.

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Analysts said that upbeat industrial demand and a weak US dollar lent further support to the white metal, which has been outperforming gold in recent sessions.

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