Silver futures jump on spot demand

New Delhi, Aug 14 (PTI) Silver prices on Wednesday jumped Rs 510 to Rs 81,559 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 increased Rs 510 or 0.63 per cent to Rs 81,559 per kg in 28,908 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 0.61 per cent higher at USD 27.96 per ounce in New York.