Silver futures up on spot demand

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New Delhi, Nov 5 (PTI) Silver prices on Thursday rose by Rs 1,338 to Rs 62,727 per kg in futures trade as participants widened their bets on firm spot demand.

On the Multi Commodity Exchange, silver contracts for December delivery gained Rs 1,338, or 2.18 per cent, to Rs 62,727 per kg in 14,663 lots.

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

In the international market, silver was trading 2.41 per cent higher at USD 24.47 per ounce in New York. PTI SHW RUJ RUJ