Silver prices on Wednesday jumped Rs 1,230 to
Rs 70,059 per kg in futures trade as participants widened their bets amid firm spot
demand.
On the Multi Commodity Exchange, silver contracts for March delivery gained Rs 1,230 or 1.79 per cent to Rs 70,059 per kg in 20,641 lots.
Analysts said the rise in silver prices was mainly due to fresh positions built up by participants amid a positive trend in the market.
Globally, silver was trading 0.97 per cent lower at USD 23.61 per ounce in New
York.