Silver futures marginally up on spot demand

New Delhi, Jan 29 () Silver prices on Wednesday rose by Rs 11 to Rs 45,485 per kg in futures trade as participants widened their bets amid a firm trend in precious metal overseas.

On the Multi Commodity Exchange, silver contracts for March delivery gained Rs 11, or 0.02 per cent, to Rs 45,485 per kg in 2,906 lots.

Similarly, the white metal for delivery in May was trading higher by Rs 24, or 0.05 per cent, to Rs 46,064 per kg in 141 lots.

Traders said fresh bets by participants in line with a firm trend in global markets mainly led to rise in silver futures.

In the international market, silver was up 0.01 per cent at USD 17.46 an ounce in New York. VHP RUJ RUJ