New Delhi: Silver prices fell by Rs 83 to Rs 84,827 per kg on Monday as participants reduced their bets.

On the Multi Commodity Exchange, silver contracts for July delivery fell by Rs 83, or 0.1 per cent, to Rs 84,827 per kg in a turnover of 27,342 lots.

Globally, silver was trading 0.41 per cent lower at US$28.39 an ounce in New York.