Silver futures declined by 0.28 per cent on the Multi Commodity Exchange (MCX) today, as traders refrained from increasing their positions due to a down trend in the spot market.     

Silver for delivery in September contract fell by 0.28 per cent to Rs 22,371 per kg  with an open interest of 10,367 lots.     

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Market analysts said reduced offtake in the spot market led to fall in silver price at futures market here.

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