Silver futures gain on spot demand

New Delhi: Silver prices on Monday rose by Rs 839 to Rs 62,515 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 839, or 1.39 per cent, to Rs 62,515 per kg in 15,571 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 1.43 per cent up at USD 24.76 per ounce in New York.