Silver futures decline Rs 694 to Rs 94,831/kg

New Delhi, Dec 11 (PTI) Silver prices on Wednesday fell Rs 694 to Rs 94,831 per kilogram as participants reduced their bets.

On the Multi Commodity Exchange, silver contracts for March delivery declined Rs 694 or 0.73 per cent to Rs 94,831 per kg in a business turnover of 4,384 lots.

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

Globally, silver was trading 0.93 per cent lower at USD 31.61 per ounce in New York.