Silver futures prices fall on reduced offtake

Silver futures prices fell by 0.52 per cent on the Multi Commodity Exchange today owing to slackness in demand at existing higher levels.     

Silver for September contract declined by 0.52 per cent to Rs 23,075 per kg with an open interest in 8,869 lots. 

Similarly, silver for delivery in December contract lost 0.45 per cent at Rs 23,247 per kg in open interest in 2,195 lots.     

Marketmen said fall in demand at existing higher levels led to fall in silver prices at futures market here.