Silver futures up on spot demand

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New Delhi, Nov 6 (PTI) Silver prices on Friday rose by Rs 1,024 to Rs 65,277 per kg in futures trade as participants widened their bets on firm spot demand.

On the Multi Commodity Exchange, silver contracts for December gained Rs 1,024, or 1.59 per cent, to Rs 65,277 per kg in 14,539 lots.

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

Silver was trading 0.93 per cent up at USD 25.43 per ounce in New York. PTI SHW RUJ RUJ