New Delhi, Nov. 6 -- Silver prices declined on Dhanteras, reversing their recent upward trend after gaining for several consecutive sessions. The dip could offer some relief to buyers planning to purchase silver jewellery, coins or utensils on the festive occasion.

On the multi commodity exchange (MCX), silver futures contracts expiring in December fell 1.04% to Rs.1,85,189 during Friday's trading session. MCX silver futures rates also influence retails silver rates across India.

Today's decline comes after both gold and silver surged amid hopes of improvement in geopolitical situations and reduction in crude oil prices.

In Chennai, 999 fine silver is priced at Rs.1,86,020 per kg, while 925 sterling silver costs Rs.1,72,069 per kg. Sil...