Silver futures rise on spot demand
- Country:
- India
Silver prices on Wednesday increased by Rs 184 to Rs 68,959 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 184 or 0.27 per cent to Rs 68,959 per kg in 21,308 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 0.33 per cent lower at USD 23.91 per ounce in New York.
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