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Silver futures rise on spot demand

New Delhi, Mar 11 (PTI) Silver prices on Monday rose Rs 38 to Rs 74,300 per kilogram in futures trade as participants widened their bets on a firm spot demand.

New Delhi, Mar 11 (PTI) Silver prices on Monday rose Rs 38 to Rs 74,300 per kilogram in futures trade as participants widened their bets on a firm spot demand.

On the Multi Commodity Exchange, silver contracts for May delivery increased Rs 38 or 0.05 per cent to Rs 74,300 per kg in 22,083 lots.

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 0.08 per cent lower at USD 24.53 per ounce in New York. PTI HG SHW

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