Silver futures drop on subdued demand

New Delhi: Silver futures on Wednesday dropped by Rs 632 to Rs 60,971 per kg as participants reduced their bets on low demand. On the Multi Commodity Exchange, silver contracts for December delivery tumbled by Rs 632, or 1.03 per cent, to Rs 60,971 per kg in a business turnover of 15,434 lots.

Silver traded lower by 0.86 per cent at USD 24.19 per ounce in New York.