Silver prices on Thursday fell Rs 141 to Rs 71,728 per kilogram as participants reduced their bets.

On the Multi Commodity Exchange, silver contracts for March delivery declined Rs 141 or 0.31 per cent to Rs 71,728 per kg in a business turnover of 26,366 lots.

Globally, silver was trading 0.16 per cent higher at USD 22.93 per ounce in New York.