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New Delhi, Aug 4 (PTI) Silver prices on Thursday increased by ₹554 to ₹58,108 per kilogram in futures trade as participants widened their bets on a firm spot demand.

On the Multi Commodity Exchange, silver contracts for September delivery gained ₹554 or 0.96 per cent to ₹58,108 per kg in 17,057 lots.

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 0.91 per cent higher at USD 20.08 per ounce in New York. PTI ANU ANU

Silver futures rise on spot demand

On the Multi Commodity Exchange, silver contracts for September delivery gained ₹554 or 0.96 per cent to ₹58,108 per kg in 17,057 lots.

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