Silver futures jump on spot demand

New Delhi, Sep 13 (PTI) Silver prices on Friday jumped Rs 659 to Rs 87,754 per kilogram in futures trade as participants widened their bets on a firm spot demand.

On the Multi Commodity Exchange, silver contracts for December delivery increased Rs 659 or 0.76 per cent to Rs 87,754 per kg in 26,175 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 0.89 per cent higher at USD 30.38 per ounce in New York.