Silver futures ease on profit booking

New Delhi, Jul 17 (PTI) Silver prices on Thursday declined by Rs 85 to Rs 1,11,550 per kilogram as participants reduced their bets.

On the Multi Commodity Exchange, silver contracts for September delivery decreased Rs 85, or 0.08 per cent, to Rs 1,11,550 per kilogram in a business turnover of 18,011 lots.

Analysts said a sell-off by participants at existing levels in the market mainly weighed on silver prices.

Globally, silver was trading 0.07 per cent lower at USD 37.88 per ounce in New York. PTI DR TRB