Silver futures drop on subdued demand

New Delhi: Silver futures on Thursday dropped by Rs 442 to Rs 59,696 per kg as participants reduced their bets on low demand. On the Multi Commodity Exchange, silver contracts for December delivery tumbled by Rs 442, or 0.73 per cent, to Rs 59,696 per kg in a business turnover of 14,949 lots.

Silver traded lower by 0.74 per cent at USD 23.19 per ounce in New York.