Silver futures rise on spot demand

Silver prices on Tuesday increased by Rs 444 to Rs 65,630 per kilogram in futures trade as participants widened their bets amid a firm spot demand.

On the Multi Commodity Exchange, silver contracts for March delivery gained Rs 444 or 0.68 per cent to Rs 65,630 per kg in 18,024 lots.

Analysts said the rise in silver prices was mainly due to fresh positions built up by participants amid a positive trend in the market.

Globally, silver was trading 0.57 per cent higher at USD 22.55 per ounce in New York.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)