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Silver prices on Friday fell ₹1,934 to ₹2,24,443 per kilogram in futures trade as participants reduced their bets.
On the Multi Commodity Exchange, silver contracts for September delivery declined by ₹1,934, or 0.85 per cent, to ₹2,24,443 per kg in a business turnover of 2,345 lots.
Analysts said a sell-off by participants mainly weighed on silver prices.
Globally, the white metal was trading 0.28 per cent lower at $60.12 per ounce in New York.