Silver prices on Tuesday fell Rs 330 to Rs 74,593 per kilogram as participants reduced their bets.

On the Multi Commodity Exchange, silver contracts for May delivery declined Rs 330 or 0.44 per cent to Rs 74,593 per kg in a business turnover of 23,760 lots.

Globally, silver was trading 0.63 per cent lower at USD 24.74 per ounce in New York.