Silver futures drop on subdued demand

New Delhi: Silver futures fell Rs 833 to Rs 61,616 per kg on Monday as participants reduced their bets on low demand. On the Multi Commodity Exchange, silver contracts for December delivery tumbled Rs 833, or 1.33 per cent, to Rs 61,616 per kg in a business turnover of 15,862 lots.

Globally, silver traded 1.64 per cent lower at USD 24.27 per ounce in New York.