Silver prices on Wednesday declined ₹66 to ₹1,11,420 per kilogram as participants reduced their bets.
On the Multi Commodity Exchange, silver contracts for September delivery decreased ₹66, or 0.06% , to ₹1,11,420 per kilogram in a business turnover of 18,423 lots.
Analysts said a sell-off by participants at existing levels in the market mainly weighed on silver prices.
Globally, silver was trading 0.38% higher at USD 37.84 per ounce in New York.
