Silver futures prices upsurge: Rs 1,14,623 per kg

New Delhi, Silver prices rose by Rs 968 to Rs 1,14,623 per kg in futures trade on Thursday as participants increased their deals.

At the Multi Commodity Exchange, the price of silver contracts for September delivery rose by Rs 968, or 0.85 per cent, to Rs 1,14,623 per kg in a business turnover of 16,647 lots.

Analysts said fresh deals by participants led to the rise in silver prices.

However, silver was trading 0.85 per cent higher at $38.15 an ounce in New York.