Silver futures rise Rs 267 to Rs 48,571 per kg

New Delhi, Feb 24 () Silver prices on Monday rose Rs 267 to Rs 48,571 per kg in futures trade as participants widened their bets amid a firm trend in the precious metal overseas.

On the Multi Commodity Exchange, silver contracts for March delivery gained Rs 267, or 0.55 per cent, to Rs 48,571 per kg in 3,142 lots.

Similarly, the white metal for May delivery was trading higher by Rs 258, or 0.53 per cent, at Rs 49,163 per kg in 345 lots.

Traders said fresh bets by participants in line with a firm trend in global markets mainly led to rise in silver futures.

In the international market, silver was quoting 0.44 per cent higher at USD 18.70 an ounce in New York. VHP SHWSHW