Silver futures fall Rs 694 to Rs 1,07,735/kg

New Delhi, Jul 7 (PTI) Silver prices on Monday declined Rs 694 to Rs 1,07,735 per kilogram as participants reduced their bets.

On the Multi Commodity Exchange, silver contracts for September delivery decreased Rs 694 or 0.64 per cent to Rs 1,07,735 per kilogram in a business turnover of 16,370 lots.

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

Globally, silver was trading 1.14 per cent lower at USD 36.54 per ounce in New York. PTI DR ANU ANU