Silver prices climbed Rs 296 to Rs 87,596 per kg in futures trade on Friday, driven by strong spot demand. Read more on the rise in silver prices on PTI.
New Delhi, May 17 (PTI) Silver prices on Friday climbed Rs 296 to Rs 87,596 per kilogram in futures trade as participants widened their bets on a firm spot demand.
On the Multi Commodity Exchange, silver contracts for July delivery increased Rs 296 or 0.34 per cent to Rs 87,596 per kg in 30,276 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 higher 0.16 per cent at USD 29.93 per ounce in New York.
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