Silver prices surged in India's futures market on Tuesday due to increased demand, with analysts citing positive domestic trends. Global silver prices also saw an uptick.
New Delhi, Dec 26 (PTI) Silver prices on Tuesday rose Rs 163 to Rs 75,549 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 163 or 0.22 per cent to Rs 75,549 per kg in 15,219 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 0.20 per cent higher at USD 24.62 per ounce in New York.
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