Silver futures jump amid high demand

Silver prices jumped by Rs 10,442 to Rs 2.77 lakh per kilogram in the futures trade on Tuesday tracking strong gains in the global markets as a weak US dollar boosted demand for the precious metals.

On the Multi Commodity Exchange, the white metal for May delivery soared by Rs 10,442, or nearly 4 per cent, to Rs 2,77,602 per kilogram in a business turnover of 2,300 lots.

Analysts said silver prices rebounded after a decline in the previous session, driven by a pullback in the dollar and improved sentiment in the international markets.