Silver prices fell by Rs 711 to Rs 1,06,048 per kilogram in futures trade on Tuesday, as participants trimmed their bets amid profit-booking.

On the Multi Commodity Exchange (MCX), silver contracts for July delivery declined by 0.67% to Rs 1,06,048 per kg, with a turnover of 12,020 lots.

Analysts attributed the decline to selling pressure at prevailing price levels, which weighed on silver prices.