Silver prices rose in futures trade on Friday, driven by increased spot demand. Read about the rise in silver prices on the Multi Commodity Exchange.
New Delhi, Feb 2 (PTI) Silver prices on Friday rose Rs 47 to Rs 72,265 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 47, or 0.07 per cent, to Rs 72,265 per kg in 23,740 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 0.21 per cent higher at USD 23.29 per ounce in New York.
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