New Delhi: Silver prices fell by Rs 1,120 to Rs 81,363 per kg on Tuesday as participants reduced their bets.

On the Multi Commodity Exchange, silver contracts for July delivery fell R1,120, or 1.36 per cent, to Rs 81,363 per kg in a turnover of 23,420 lots.

Globally, silver was trading 2.51 per cent lower at US$26.94 an ounce in New York.