NEW DELHI: Silver prices rose by 0.55 per cent to Rs 53,195 per kg in futures trade today, taking cues from global markets as a weak dollar boosted demand for precious metals. A firming trend in the domestic spot market amid higher seasonal demand also influenced silver futures here. At the Multi Commodity Exchange, silver for delivery in March gained Rs 301, or 0.55 per cent, to Rs 53,195 per kg, with a trading volume of 2,008 lots. In a similar fashion, silver for delivery in far-month May gained Rs 295, or 0.55 per cent, to Rs 54,373 per kg in 87 lots. Market analysts said the continued rise in silver prices in futures trade here was due to a firming trend overseas as better-than-expected US economic data dampened demand for the dollar as an investment option. Meanwhile, silver prices shot up by 0.79 per cent to USD 29.46 an ounce in Singapore in early trade today.

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