Silver futures rise by over Rs 150 on spot demand

News

NEW DELHI: Silver prices rose by Rs 171 to Rs 65,040 per kg in futures trade on Friday as participants widened their bets on a firm spot demand.

On the Multi Commodity Exchange, silver contracts for May delivery gained Rs 171, or 0.26 per cent, to Rs 65,040 per kg in 11,001 lots.

Analysts said the rise in silver prices was mostly due to fresh positions built by participants on a positive domestic trend.

Globally, silver was trading 0.83 per cent higher at USD 25.26 per ounce in New York.

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