Silver futures upsurge to ₹1,13,168/kg

New Delhi, Silver prices rose by Rs 116 to Rs 1,13,168 per kg in futures trade on Monday as participants increased their deals.

At the Multi Commodity Exchange, silver contracts for September delivery rose by Rs 116, or 0.1 percent, to Rs 1,13,168 per kg in a business turnover of 16,021 lots.

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

Globally, silver was trading 0.16 percent higher at $38.42 an ounce in New York.