Latest News | Silver Futures Rise on Spot Demand

New Delhi, Nov 1 (PTI) Silver prices on Tuesday increased by Rs 1,806 to Rs 59,484 per kilogram in futures trade as participants widened their bets amid firm spot demand.

On the Multi Commodity Exchange, silver contracts for December delivery gained Rs 1,806 or 3.13 per cent to Rs 59,484 per kg in 15,343 lots.

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

Globally, silver was trading 4.22 per cent higher at USD 19.93 per ounce in New York.

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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)