Silver futures decline by Rs 321, price closes at Rs 1,07,576

New Delhi, Silver prices on Friday fell by Rs 321 to Rs 1,07,576 per kg as participants reduced their bets.

The price of silver contract for September delivery on the Multi Commodity Exchange fell by Rs 321 or 0.3 per cent to Rs 1,07,576 per kg in a business turnover of 12,145 lots.

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

Globally, silver futures in New York were trading 0.39 percent lower at $36.78 an ounce.

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