Silver prices in India surged on Friday, driven by increased spot demand and positive domestic market trends. Global silver prices also saw an uptick.
New Delhi, Feb 8 (PTI) Silver prices on Friday rose Rs 239 to Rs 71,076 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 239, or 0.34 per cent, to Rs 71,076 per kg in 29,198 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 0.50 per cent higher at USD 22.75 per ounce in New York.
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