Silver futures prices upsurge: Rs 1,16,420 per kg

New Delhi: Silver prices rose by Rs 323 to Rs 1,16,420 per kg in futures trade on Thursday as participants increased their bets.

At the Multi Commodity Exchange, the price of silver contracts for September delivery rose by Rs 323, or 0.28 percent, to Rs 1,16,420 per kg in a business turnover of 8,713 lots.

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

Silver, however, was up 0.45 percent at $38.77 an ounce in New York.