Silver futures rise Rs 367 to Rs 87,600/kg

New Delhi, Jan 1 (PTI) Silver prices on Wednesday rose Rs 367 to Rs 87,600 per kilogram as participants increased their bets.

On the Multi Commodity Exchange, silver contracts for March delivery increased Rs 367 or 0.42 per cent to Rs 87,600 per kg in a business turnover of 34,201 lots.

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

Globally, silver was trading 0.58 per cent lower at USD 29.24 per ounce in New York.