Silver prices surged in India on Wednesday, driven by increased spot demand and positive domestic trends. Global silver prices also rose in New York.
New Delhi, Jul 3 (PTI) Silver prices on Wednesday rose Rs 1,156 to Rs 91,049 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 1,156 or 1.29 per cent to Rs 91,049 per kg in 23,217 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 1.71 per cent higher at USD 30.17 per ounce in New York.
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