Silver futures drop on subdued demand

New Delhi: Silver futures on Tuesday dropped by Rs 500 to Rs 62,598 per kg as participants reduced their bets on low demand. On the Multi Commodity Exchange, silver contracts for December delivery tumbled by Rs 500, or 0.79 per cent, to Rs 62,598 per kg in a business turnover of 16,347 lots.

Silver traded lower by 0.91 per cent at USD 25.04 per ounce in New York.