Silver futures rise on increased demand

New Delhi, Mar 4 (PTI) Silver prices on Tuesday increased by Rs 38 to Rs 96,093 per kilogram as participants increased their bets.

On the Multi Commodity Exchange, silver contracts for May delivery rose by Rs 38 or 0.04 per cent to Rs 96,093 per kg in a business turnover of 19,264 lots.

Fresh positions built up by participants led to a rise in silver prices, analysts said.

Globally, silver was trading 0.14 per cent higher at USD 31.72 per ounce in New York.