Silver futures continued to rise for the second straight day by adding 0.44 per cent on the Multi Commodity Exchange (MCX) today on increased offtake in the spot markets.     

Silver for September contract strengthened further by 0.44 per cent to Rs 23,133 with an open interest of 11,131 lots. It had gained 0.17 per cent in previous day's trading.     

Also Read   Related Stories News Now - Gold futures rebounds on festival buying - Priyagold to launch chocolates in September - Goldman raises FY11 GDP to 7.8%, sees inflation rising - Gold declines on reduced offtake - Silver prices set to touch Rs 27,000 per kg by December - Shree Renuka Sugars to buy 5% stake in NCDEX

Also Read   Related Stories News Now - Markets post worst May performace since 2006 - Kavveri Telecom Q4 net declines over 6% - Wall Street opens flat on economy worries - RIM to set up first BlackBerry innovation zone in India - Rajaratnam bragged about sources of inside info: Gupta lawyers More

Marketmen said increased demand in the spot markets due to festival season mainly pushed up silver prices at futures market here.

New Ipad Application :Business Standard's all new IPad App Click here to download for free Other Stories      - Markets post worst May performace since 2006 - Kavveri Telecom Q4 net declines over 6% - Wall Street opens flat on economy worries - RIM to set up first BlackBerry innovation zone in India - Rajaratnam bragged about sources of inside info: Gupta lawyers

Tags : silver | gold | bullion.mcx   Read Business news in  Advertisements -  India's no. 1 Property Site. Click here to know more -  Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol. -  Help a Child Achieve her. Click to know more -  "Discover The Power of One" -  Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol. -  Watch The Film Here. Click here to know more.. -  Learn How One City is Running on FOOD SCRAPS. -  1 billion in saving for Unilever without any tangles. -  A Brand New Server at a Price That Fits Your Budget. Click here -  One Partnership Endless Possibilities. Click here to know more -  Helping doctors detect diseases earlier, saving costs & extending lives. -  Which is the best plan for your daughter -  Check out the TRUE COLOURS of your Stocks, Now for FREE! -  One of the leading business schools in the world.Know More -  2 Lac Apartments, 1 Lac House / Plots. Click here