Silver futures rise on spot demand

New Delhi, Oct 11 (PTI) Silver prices on Friday rose Rs 496 to Rs 90,800 per kilogram as participants widened their bets on a firm spot demand.

On the Multi Commodity Exchange, silver contracts for December delivery increased Rs 496 or 0.55 per cent to Rs 90,800 per kg in a business turnover of 27,824 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 0.05 per cent higher at USD 31.17 per ounce in New York.