Silver futures rise on spot demand

New Delhi, Nov 26 (PTI) Silver prices on Tuesday increased Rs 125 to Rs 87,824 per kilogram as participants increased their bets.

On the Multi Commodity Exchange, silver contracts for December delivery rose Rs 125 or 0.14 per cent to Rs 87,824 per kg in a business turnover of 14,992 lots.

Fresh positions built up by participants led to a rise in silver prices, analysts said.

Globally, silver was trading 0.16 per cent higher at USD 30.24 per ounce in New York.