Silver futures up on spot demand

Silver costs rose by Rs 445 to Rs 66,000 per kg in futures commerce on Tuesday as members widened their bets on a agency spot demand.

On the Multi Commodity Trade, silver contracts for March supply gained Rs 445, or 0.68 per cent, to Rs 66,000 per kg in 12,790 heaps.

Analysts stated the rise in silver costs was principally on account of contemporary positions constructed up by members on a constructive home development.

Globally, silver was buying and selling 0.97 per cent greater at USD 25.53 per ounce in New York.

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