Silver price increased Rs 1,022 to Rs 59,000 per kilogram from Rs 57,978 per kilogram.
In the international market, gold was trading higher at USD 1,649.8 per ounce while silver was up at USD 19.75 per ounce.
“COMEX gold started the November month on a positive note after marking the seventh straight month of decline, the longest losing streak since at least late 1960, ahead of yet another rate hike by the Federal Reserve expected this week,” Dilip Parmar, Research Analyst at HDFC Securities, said.
The outlook of the yellow metal will be determined by the direction of the dollar and the US Fed’s actions, he added. PTI DRR RAM