Silver futures drop on subdued demand

New Delhi: Silver futures on Wednesday dropped by Rs 86 to Rs 62,195 per kg as participants reduced their bets on low demand. On the Multi Commodity Exchange, silver contracts for December delivery tumbled by Rs 86, or 0.14 per cent, to Rs 62,195 per kg in a business turnover of 15,136 lots.

Silver was trading flat at USD 24.57 per ounce in New York.