Silver futures rises to Rs 70,171 per kilogramme

Silver prices climbed Rs 199 to Rs 70,171 per kilogramme in futures trade as participants widened their bets on a firm spot demand.

New Delhi: Silver prices on Thursday climbed Rs 199 to Rs 70,171 per kilogramme in futures trade as participants widened their bets on a firm spot demand.

On the Multi Commodity Exchange, silver contracts for September delivery gained Rs 199 or 0.28 per cent to Rs 70,171 per kg in 18,659 lots.

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

Globally, silver was trading 0.77 per cent higher at USD 22.91 per ounce in New York.