Silver futures jump on pickup in demand

NEW DELHI-India (Apr 15)  Silver prices rose by Rs 471 to Rs 68,109 per kg in futures trade on Thursday as participants widened their bets on a firm spot demand.

On the Multi Commodity Exchange, silver contracts for May delivery gained Rs 471, or 0.7 per cent, to Rs 68,109 per kg in 9,258 lots.

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

Globally silver was trading 0.38 per cent higher at USD 25.62 per ounce in New York.

TheEconomicTimes