Silver futures surge: Prices rise by Rs 859 per kg

New Delhi, March 5 Silver prices rose by Rs 859 to Rs 97,115 per kg on Wednesday as participants increased their bets.

At the Multi Commodity Exchange, silver contracts for March delivery rose by Rs 859, or 0.89 per cent, to Rs 97,115 per kg in a business turnover of 19,331 lots.

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

Globally, silver was trading 0.62 per cent higher at $32.17 per ounce in New York.

By Priyanka Roy