Silver futures up on spot demand

New Delhi: Silver prices on Monday rose by Rs 969 to Rs 66,304 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 969, or 1.48 per cent, to Rs 66,304 per kg in 14,441 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 0.75 per cent up at USD 25.86 per ounce in New York.