Silver futures on Wednesday fell Rs 106 to Rs 71,680 per kilogram as participants reduced their bets.

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On the Multi Commodity Exchange, silver contracts for December delivery declined by Rs 106 or 0.15 per cent to Rs 71,680 per kg in a business turnover of 18,636 lots.

Globally, silver was trading 0.44 per cent lower at USD 23.02 per ounce in New York.