Silver futures drop on subdued demand

New Delhi: Silver futures on Tuesday dropped by Rs 104 to Rs 61,837 per kg as participants reduced their bets on low demand. On the Multi Commodity Exchange, silver contracts for December delivery tumbled by Rs 104, or 0.17 per cent, to Rs 61,837 per kg in a business turnover of 16,701 lots.

Silver traded lower by 0.67 per cent at USD 24.40 per ounce in New York.