Silver futures up on spot demand

New Delhi, Jul 31 (PTI) Silver prices on Friday surged by Rs 2,183 to Rs 64,853 per kg in futures trade as participants widened their bets on firm spot demand.

On the Multi Commodity Exchange, silver contracts for September gained Rs 2,183, or 3.48 per cent, to Rs 64,853 per kg in 13,937 lots.

Analysts said the rise in silver prices was mostly on the back of fresh positions built up by participants on a positive domestic trend.

Silver was trading up by 3.67 per cent at USD 24.22 an ounce in New York. PTI SHW RUJ RUJ

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting.