Silver Futures Surge on Spot Demand | MCX

New Delhi, Oct 9 (PTI) Silver prices on Wednesday rose Rs 414 to Rs 89,143 per kilogram as participants widened their bets on a firm spot demand.

On the Multi Commodity Exchange, silver contracts for December delivery increased Rs 414 or 0.47 per cent to Rs 89,143 per kg in a business turnover of 28,226 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 0.72 per cent higher at USD 30.82 per ounce in New York.