Silver prices fell Rs 574 to Rs 1,13,018 per kilogram in futures trade on Tuesday as traders cut down positions.

On the Multi Commodity Exchange (MCX), silver contracts for September delivery declined Rs 574, or 0.51 per cent, to Rs 1,13,018 per kilogram with a business turnover of 15,161 lots.

Analysts attributed the decline to profit booking and selling pressure at existing price levels.