Silver prices surged on Wednesday due to increased spot demand, with futures contracts on the Multi Commodity Exchange reaching Rs 92,173 per kg. Global silver prices also saw a rise.
New Delhi, Oct 16 (PTI) Silver prices on Wednesday rose Rs 550 to Rs 92,173 per kilogram as participants widened their bets on a firm spot demand.
On the Multi Commodity Exchange, silver contracts for December delivery increased by Rs 550 or 0.6 per cent to Rs 92,173 per kg in a business turnover of 26,829 lots.
Globally, silver was trading 0.93 per cent higher at USD 31.79 per ounce in New York.
DISCLAIMER – This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.