Silver futures gain 1pc on spot demand

Silver futures on Thursday traded 0.92 per cent higher at Rs 46,541 per kg as investors raised their positions supported by a positive global trend. On Multi Commodity Exchange, silver contracts to be delivered in December traded higher by Rs 422, or 0.92 percent, at Rs 46,541 per kg in 10,644 lots.

Similarly, the white metal for March delivery traded higher by Rs 467, or 1 percent, at Rs 47,356 per kg in a business turnover of 1,253 lots. In the international market, silver was 1.02 percent up at USD 18.05 an ounce in New York.