Silver futures rise on spot demand

Silver prices on Friday rose Rs 228 to Rs 74,541 per kilogramme in futures trade as participants widened their bets on a firm spot demand

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On the Multi Commodity Exchange, silver contracts for March delivery increased Rs 228 or 0.31 per cent to Rs 74,541 per kg in 14,166 lots

Source: Silver

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

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Globally, silver was trading 0.30 per cent higher at $24.13 per ounce in New York

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