Silver prices surged in futures trading on Tuesday, driven by strong spot demand. The rise was attributed to participants building fresh positions on a positive domestic trend. Globally, silver prices also saw an increase.
New Delhi, Dec 12 (PTI) Silver prices on Tuesday rose Rs 261 to Rs 72,125 per kilogram in futures trade as participants widened their bets on a firm spot demand.
On the Multi Commodity Exchange, silver contracts for March delivery increased Rs 261 or 0.31 per cent to Rs 72,125 per kg in 17,644 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 0.66 per cent higher at USD 23.21 per ounce in New York.
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