ET:Silver moves up in futures trade on spot demand
NEW DELHI: Silver moved up by Rs 219 to Rs 57,191 per kg in futures trading on Wednesday on pick-up in spot demand due to the ongoing marriage season.
At the Multi Commodity Exchange, silver for delivery in March rose by Rs 219, or 0.38 per cent, to Rs 57,191 per kg, with a business turnover of 15,500 lots.
Likewise, the metal for delivery in May traded higher by Rs 179, or 0.31 per cent, to Rs 58,380 per kg, with a trade volume of 237 lots.
Market analysts said pick-up in spot market demand supported by the ongoing marriage season mainly pushed up silver prices at futures trade.
