Silver futures up on spot demand

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New Delhi, Feb 9 (PTI) Silver prices rose by Rs 266 to Rs 70,350 per kg in futures trade on Tuesday as participants widened their bets on firm spot demand.

On the Multi Commodity Exchange, silver contracts for March delivery gained Rs 266, or 0.38 per cent, to Rs 70,350 per kg in 13,593 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 0.30 per cent higher at USD 27.66 per ounce in New York. PTI SHW RUJ RUJ