Silver futures up on spot demand

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New Delhi, Jan 29 (PTI) Silver prices rose Rs 1,413 to Rs 69,008 per kg in futures trade on Friday as participants widened their bets on a firm spot demand.

On the Multi Commodity Exchange, silver contracts for March delivery gained Rs 1,413, or 2.09 per cent, to Rs 69,008 per kg in 13,637 lots.

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

Globally, silver was trading 2.21 per cent higher at USD 26.50 per ounce in New York. PTI SHW RUJ RUJ