Silver futures decline by Rs 711; price at Rs 1,06,048 per kg

New Delhi, June 24: Silver prices fell by Rs 711 to Rs 1,06,048 per kg on Tuesday as participants reduced their bets.

At the Multi Commodity Exchange, silver contracts for July delivery fell by Rs 711, or 0.67 per cent, to Rs 1,06,048 per kg in a business turnover of 12,020 lots.

Analysts said selling by participants at current levels in the market mainly influenced silver prices.

Globally, silver futures in New York were trading 0.03 percent lower at $36.10 per ounce.

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