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.
Similarly, the metal for delivery in December contract declined by 0.25 per cent to Rs 22,509 per kg with an open interest of 742 lots.
Market analysts said reduced offtake in the spot market led to fall in silver price at futures market here.
