Silver futures rise on spot demand

New Delhi, Oct 16 (PTI) Silver prices on Wednesday rose Rs 550 to Rs 92,173 per kilogram as participants widened their bets on a firm spot demand.

On the Multi Commodity Exchange, silver contracts for December delivery increased by Rs 550 or 0.6 per cent to Rs 92,173 per kg in a business turnover of 26,829 lots.

Globally, silver was trading 0.93 per cent higher at USD 31.79 per ounce in New York.