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Silver futures up on spot demand
08/02/2021 14:57

Silver prices rose by Rs 361 to Rs 69,099 per kg in futures trade on Monday as participants widened their bets on firm spot demand. On the Multi Commodity Exchange, silver contracts for March delivery gained Rs 361, or 0.53 per cent, to Rs 69,099 per kg in 13,039 lots. Analysts said the rise in silver prices was mostly due to fresh positions built up by participants on a positive domestic trend. Globally, silver was trading 0.69 per cent higher at USD 27.21 per ounce in New York.

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